For the Santa Barbara Real Estate area of West of State St for the first 8 months of ’06 in the Single Family Home market 141 homes closed escrow with a median sold price of $1,055,000 and an average sold price of $1,339,162. 285 homes came on the market with a median asking price of $1,095,000 and an average asking price of $1,357,233. Also for that period 134 properties went into escrow, 28 were withdrawn from the market, 50 listings cancelled, 74 expired and 68 came back on the market. Currently there are 132 homes for sale in the area with a median list price of $1,096,000 and an average list price of $1,304,989.
For the Santa Barbara Real Estate area of West of State St for the first 8 months of ’06 in the Condo market 42 condos closed escrow with a median sold price of $677,000 and an average sold price of $717,802. 136 condos came on the market with a median asking price of $709,000 and an average asking price of $788,976. Also for that period 52 properties went into escrow, 17 were withdrawn from the market, 25 listings cancelled, 43 expired and 27 came back on the market. Currently there are 63 condos for sale in the area with a median list price of $709,000 and an average list price of $832,257.