For Santa Barbara Real Estate East of State St just as with the other districts in the area sales have remained steady. Through July we saw 131 sales and through September we’ve seen 166. Unlike the other areas however we’ve seen a growth in the Median Sales price. It was $1,175,000 two months ago and currently it’s at $1,228,500. The Average Sales price has also risen from $1,359,749 to the current $1,415,117. To further amplify on activity East of State St the Days on the Market has declined from 81 in July to 74 in September. The other number that has remained constant through the year is the Sales Price to Original List Price. It’s been right at about 92.5% meaning that a home listed for $1,000,000 would be sold for $925,000.
East of State St for Santa Barbara Real Estate Condos have slowed slightly however. From the 61 condo sales of two months ago to the 72 currently sold through September. This means that about 1 condo per month less is closing escrow. The Median Sales price has also fallen slightly. In July that number was $817,500 and now it’s the current $802,500. The Average Sales price has also dipped a bit from $912,321 two months ago to $889,839 currently. The good news in all that is that it currently takes about a week less for your Condo to go into escrow as opposed to two months ago. Finally, the Sold Price to Original List Price has remarkably stayed at 92.6% for the whole year.