For Santa Barbara Real Estate East of State St for Single Family Homes 17 properties closed in the last 30 days as opposed to 25 two months ago. The Median Sales price is also down from $1,575,000 in June to $1,375,000. The number of homes that were in escrow two months ago was 21 and in the last 30 days it’s been 12. Median asking price of those homes in escrow has fallen from $1,399,000 to the current $1,295,000. The inventory has increased however from 137 in June to 151 now. Usually at this time of year the inventory starts to shrink but currently it’s grown. The Median Listing price of the inventory has increased only slightly. Right now it’s $1,495,000 from $1,479,000.
For Condominiums in the East of State St area of Santa Barbara Real Estate the number of properties that closed escrow in the last 30 days was 4 as compared to 7 for June and the Median Sales price of those homes that closed escrow was $543,000 as compared to $612,000. During the same period 5 properties entered escrow but during June 8 went into escrow. Currently there are 48 condos available on the East Side but in June there were 52. Of those currently active condos the Median List price is $979,000 and two months ago the Median List price was exactly the same.