For the Santa Barbara Real Estate area of West of State St for the first 8 months of ’07 in the Single Family Home market 136 homes closed escrow with a median sold price of $1,038,750 and an average sold price of $1,200,001. 243 homes came on the market with a median asking price of $1,110,000 and an average asking price of $1,251,135. Also for that period 144 properties went into escrow, 23 were withdrawn from the market, 60 listings cancelled, 54 expired and 37 came back on the market. Currently there are 102 homes for sale in the area with a median list price of $1,147,000 and an average list price of $1,310,797.
For the Santa Barbara Real Estate area of West of State St for the first seven months of ’07 in the Condo market 53 condos closed escrow with a median sold price of $645,000 and an average sold price of $693,778. 111 condos came on the market with a median asking price of $687,000 and an average asking price of $830,593. Also for that period 61 properties went into escrow, 20 were withdrawn from the market, 30 listings cancelled, 39 expired and 29 came back on the market. Currently there are 47 condos for sale in the area with a median list price of $774,900 and an average list price of $975,772.