For the Santa Barbara Real Estate area of East of State St for the first month of ’07 in the Single Family Home market 12 homes closed escrow with a median sold price of $935,000 and an average sold price of $999,083. 40 homes came on the market with a median asking price of $1,262,500 and an average asking price of $1,637,782. Also for that period 25 properties went into escrow, 7 were withdrawn from the market, 6 listings cancelled, 16 expired and 7 came back on the market. Currently there are 82 homes for sale in the area with a median list price of $1,495,000 and an average list price of $1,806,578.
For the Santa Barbara Real Estate area of East of State St for the first month of ’07 in the Condo market 6 condos closed escrow with a median sold price of $749,000 and an average sold price of $707,416. 13 condos came on the market with a median asking price of $775,000 and an average asking price of $894,115. Also for that period 12 properties went into escrow, 0 were withdrawn from the market, 2 listings cancelled, 4 expired and 5 came back on the market. Currently there are 36 condos for sale in the area with a median list price of $690,000 and an average list price of $885,205.