For the Santa Barbara Real Estate areas of West of State St for Single Family Homes there were 9 that closed escrow in the last 30 days as opposed to 19 in June. The Median sales price two months ago was $1,075,000 but currently its $1,100,000. So while less than half the numbers of properties completed the sales cycle the Median Sales price rose. Also in the last 30 days 14 properties entered escrow which is exactly the same number as entered escrow in June. The inventory has contracted somewhat with currently 98 properties available as opposed to two months ago when there were 104 for sale. The Median List price has fallen from $1,139,000 in June as opposed to $1,125,000.
For Condominiums in the West of State St are of Santa Barbara Real Estate there were 9 properties that closed in the last 30 days as 8 that closed escrow in June. The Median Sold price has risen slightly from $627,500 in June to $632,000 now. Also in June we 6 condos enter escrow as opposed to 4 this month. Just like with Home Estates the inventory is declining incrementally. In June there were 54 condos available and $684,900currently there were 45. The Median List price has risen substantially however showing us that two months ago was it $684,900 and now its $749,000.