August 20, 2007

Santa Barbara Real Estate Comparison of this Year vs. Last for East of State St through August 11, ‘07

In the East of State St area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘07 versus what was on the market last year at this time is down by 16 for a total of 159 properties that have been active this year and the New Listings that came on this year are down by 25 for an -17% decrease. The number of sales is up for a 24% increase, and the Average Sales Price is up. Last year at this time it was $896,329 and this year it’s at $922,679 for an increase of 2%.

In the Single Family Home market for the Santa Barbara Real Estate area of East of State St there are 20 fewer properties that have been active this year as opposed to last year for a total of 427, and there are fewer new listings this year with 347 for last year vs. 331 for this year. The sales are up with 154 this year vs. 166 last year for a 7% increase. But the Average Sales Price is down from $1,520,367 last year to $1,394,402 this year for a -8% decrease.

In the Planned Unit Development Market of the Santa Barbara Real Estate area of East of State St there are exactly the same numbers of properties that have been active this year as opposed to last year for a total of 5 and there are exactly the same number of new listing with 4 for last year vs. 4 for this year. The sales are down with 1 this year vs. 2 last year for a -50% decrease. And the Average Sales Price is down from $1,095,000 last year to $1,050,000 this year for a -4% decrease.

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Posted by gandlwoods at August 20, 2007 08:08 AM