The year 2007 has seen mostly gains in the number of sales for Home Estates/PUDs in the Santa Barbara Real Estate area of West of State St. We started off slowly with a 27% decline in January, but February saw a 66% rise, March a 20% rise and April a whopping 60% gain. Not to be out done May posted a 66% decline but June came romping back with a 162% rise in the number of sales. July also posted a 73% rise but August and September fell back 34% and 9% respectively. The Median Sales price however was down almost every month. In January we had a 7% rise, but February was down 22% and March was down 1%. April jumped up with a healthy 15% gain, but May fell by 18% and June by 16%. July popped its head out with a 7% gain, but August and September were down 16% and 10%. Overall the trend has been basically flat despite all those highs and lows for the area.
On the condo side for West of State St for Santa Barbara Real Estate the sales picture has been up most of the time with January, June, July and September being the exceptions. January declined 50% but February was up 150%. March was totally flat compared to 06 but April sales jumped up 500%. May also had a healthy 125% rise, but June and July declined 37% and 12% respectively. August again rose by 28% but September declined 30%. Overall there have been a substantially more condos sold this year as opposed to last. The Median Sales price however has declined every month except for February and August. The declines have not been substantial with 6% in January, 6% in March, 16% in April, 2% in May, 16% in June, 2% in July and 5% in September. In February we saw a rise of 4%, but August brought us a 64% gain. Overall the trend of the Median Sales price of condos has been down slightly from 06 to 07.