For the Santa Barbara Real Estate area of West of State for the first 11 months of ’06 in the Single Family Home market 171 homes closed escrow with a median sold price of $1,012,500 and an average sold price of $1,152,562. 316 homes came on the market with a median asking price of $1,069,000 and an average asking price of $1,265,742. Also for that period 169 properties went into escrow, 37 were withdrawn from the market, 69 listings cancelled, 102 expired and 80 came back on the market. Currently there are 93 homes for sale in the area with a median list price of $1,094,000 and an average list price of $1,404,606.
For the Santa Barbara Real Estate area of West of State for the first 11 months of ’06 in the Condo market 64 condos closed escrow with a median sold price of $669,500 and an average sold price of $701,860. 147 condos came on the market with a median asking price of $689,990 and an average asking price of $765,350. Also for that period 63 properties went into escrow, 28 were withdrawn from the market, 34 listings cancelled, 72 expired and 36 came back on the market. Currently there are 43 condos for sale in the area with a median list price of $689,000 and an average list price of $842,815.