For the Santa Barbara Real Estate area of East of State St for the first 3 months of ’07 in the Single Family Home market 51 homes closed escrow with a median sold price of $1,000,000 and an average sold price of $1,154,664. 112 homes came on the market with a median asking price of $1,295,000 and an average asking price of $1,659,606. Also for that period 67 properties went into escrow, 15 were withdrawn from the market, 14 listings cancelled, 29 expired and 18 came back on the market. Currently there are 92 homes for sale in the area with a median list price of $1,674,000 and an average list price of $1,856,586.
For the Santa Barbara Real Estate area of East of State St for the first three months of ’07 in the Condo market 23 condos closed escrow with a median sold price of $749,000 and an average sold price of $812,152. 43 condos came on the market with a median asking price of $829,000 and an average asking price of $964,446. Also for that period 26 properties went into escrow, 7 were withdrawn from the market, 7 listings cancelled, 11 expired and 9 came back on the market. Currently there are 39 condos for sale in the area with a median list price of $824,900 and an average list price of $943,079.