For the Santa Barbara Real Estate area of West of State St for the first 12 months of ’06 in the Single Family Home market 180 homes closed escrow with a median sold price of $1,011,250 and an average sold price of $1,147,061. 330 homes came on the market with a median asking price of $1,069,000 and an average asking price of $1,266,370. Also for that period 180 properties went into escrow, 38 were withdrawn from the market, 76 listings cancelled, 112 expired and 87 came back on the market. Currently there are 88 homes for sale in the area with a median list price of $1,099,000 and an average list price of $1,452,377.
For the Santa Barbara Real Estate area of West of State St for the first 12 months of ’06 in the Condo market 66 condos closed escrow with a median sold price of $672,000 and an average sold price of $713,562. 148 condos came on the market with a median asking price of $689,000 and an average asking price of $763,908. Also for that period 68 properties went into escrow, 30 were withdrawn from the market, 35 listings cancelled, 78 expired and 37 came back on the market. Currently there are 36 condos for sale in the area with a median list price of $720,000 and an average list price of $879,697.