For the Santa Barbara Real Estate area of West of State St for the first 9 months of ’07 in the Single Family Home market 148 homes closed escrow with a median sold price of $1,038,750 and an average sold price of $1,199,510. 261 homes came on the market with a median asking price of $1,125,000 and an average asking price of $1,254,559. Also for that period 150 properties went into escrow, 24 were withdrawn from the market, 65 listings cancelled, 66 expired and 42 came back on the market. Currently there are 102 homes for sale in the area with a median list price of $1,195,000 and an average list price of $1,326,197.
For the Santa Barbara Real Estate area of West of State St for the first nine months of ’07 in the Condo market 63 condos closed escrow with a median sold price of $645,500 and an average sold price of $782,462. 121 condos came on the market with a median asking price of $699,000 and an average asking price of $875,205. Also for that period 66 properties went into escrow, 21 were withdrawn from the market, 35 listings cancelled, 47 expired and 32 came back on the market. Currently there are 46 condos for sale in the area with a median list price of $749,000 and an average list price of $959,223.