For the Santa Barbara Real Estate area of East of State St for the first 8 months of ’07 in the Single Family Home market 162 homes closed escrow with a median sold price of $1,206,000 and an average sold price of $1,414,128. 316 homes came on the market with a median asking price of $1,329,000 and an average asking price of $1,607,412. Also for that period 169 properties went into escrow, 39 were withdrawn from the market, 47 listings cancelled, 73 expired and 79 came back on the market. Currently there are 146 homes for sale in the area with a median list price of $1,499,000 and an average list price of $1,722,950.
For the Santa Barbara Real Estate area of East of State St for the first seven months of ’07 in the Condo market 69 condos closed escrow with a median sold price of $800,000 and an average sold price of $890,455. 109 condos came on the market with a median asking price of $879,000 and an average asking price of $1,100,801. Also for that period 69 properties went into escrow, 10 were withdrawn from the market, 24 listings cancelled, 24 expired and 16 came back on the market. Currently there are 48 condos for sale in the area with a median list price of $989,900 and an average list price of $1,004,425.