For the Santa Barbara Real Estate area of West of State St for the first 3 months of ’07 in the Single Family Home market 47 homes closed escrow with a median sold price of $999,000 and an average sold price of $1,123,164. 80 homes came on the market with a median asking price of $1,150,000 and an average asking price of $1,336,121. Also for that period 58 properties went into escrow, 8 were withdrawn from the market, 28 listings cancelled, 25 expired and 12 came back on the market. Currently there are 66 homes for sale in the area with a median list price of $1,099,000 and an average list price of $1,397,203.
For the Santa Barbara Real Estate area of West of State St for the first three months of ’07 in the Condo market 14 condos closed escrow with a median sold price of $640,000 and an average sold price of $606,821. 39 condos came on the market with a median asking price of $679,000 and an average asking price of $810,317. Also for that period 22 properties went into escrow, 4 were withdrawn from the market, 9 listings cancelled, 18 expired and 14 came back on the market. Currently there are 44 condos for sale in the area with a median list price of $687,500 and an average list price of $838,972.