For the Santa Barbara Real Estate area of East of State for the first 11 months of ’06 in the Single Family Home market 212 homes closed escrow with a median sold price of $1,269,500 and an average sold price of $1,477,776. 384 homes came on the market with a median asking price of $1,295,000 and an average asking price of $1,535,929. Also for that period 217 properties went into escrow, 56 were withdrawn from the market, 89 listings cancelled, 122 expired and 96 came back on the market. Currently there are 112 homes for sale in the area with a median list price of $1,395,000 and an average list price of $1,645,867.
For the Santa Barbara Real Estate area of East of State for the first 11 months of ’06 in the Condo market 72 condos closed escrow with a median sold price of $797,500 and an average sold price of $928,677. 156 condos came on the market with a median asking price of $825,000 and an average asking price of $960,230. Also for that period 75 properties went into escrow, 20 were withdrawn from the market, 39 listings cancelled, 42 expired and 27 came back on the market. Currently there are 50 condos for sale in the area with a median list price of $769,000 and an average list price of $916,646.