For the Santa Barbara Real Estate area of West of State St for the first 7 months of ’07 in the Single Family Home market 116 homes closed escrow with a median sold price of $1,039,500 and an average sold price of $1,195,340. 220 homes came on the market with a median asking price of $1,099,000 and an average asking price of $1,243,637. Also for that period 130 properties went into escrow, 17 were withdrawn from the market, 53 listings cancelled, 46 expired and 33 came back on the market. Currently there are 103 homes for sale in the area with a median list price of $1,099,000 and an average list price of $1,223,502.
For the Santa Barbara Real Estate area of West of State St for the first seven months of ’07 in the Condo market 47 condos closed escrow with a median sold price of $645,000 and an average sold price of $669,781. 104 condos came on the market with a median asking price of $679,000 and an average asking price of $795,355. Also for that period 56 properties went into escrow, 19 were withdrawn from the market, 23 listings cancelled, 35 expired and 28 came back on the market. Currently there are 51 condos for sale in the area with a median list price of $699,000 and an average list price of $864,780.