For the Santa Barbara Real Estate area of East of State St for the first 5 months of ’07 in the Single Family Home market 98 homes closed escrow with a median sold price of $1,140,000 and an average sold price of $1,297,419. 193 homes came on the market with a median asking price of $1,315,000 and an average asking price of $1,609,169. Also for that period 110 properties went into escrow, 25 were withdrawn from the market, 25 listings cancelled, 47 expired and 41 came back on the market. Currently there are 110 homes for sale in the area with a median list price of $1,595,000 and an average list price of $1,846,489.
For the Santa Barbara Real Estate area of East of State St for the first five months of ’07 in the Condo market 44 condos closed escrow with a median sold price of $821,250 and an average sold price of $895,386. 70 condos came on the market with a median asking price of $838,000 and an average asking price of $988,438. Also for that period 50 properties went into escrow, 8 were withdrawn from the market, 7 listings cancelled, 17 expired and 15 came back on the market. Currently there are 40 condos for sale in the area with a median list price of $795,000 and an average list price of $973,810.