For Santa Barbara Real Estate East of State St for Single Family Homes 21 properties closed in the last 30 days as opposed to 18 two months ago. The Median Sales price is down slightly from $1,285,000 in September to $1,267,000 currently. The numbers of homes that were in escrow two months ago was 13 and in the last 30 days it’s been 15. Median asking price of those homes in escrow has fallen from $1,269,000 to the current $1,190,000. The inventory has decreased however from 139 in September to 135 now. Usually at this time of year the inventory starts to shrink but currently not by much. The Median Listing price of the inventory has increased only slightly. Right now it’s $1,495,000 down from $1,499,000.
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 6 as compared to 6 for September and the Median Sales price of those homes that closed escrow was $1,227,000 as compared to $589,500 in September. During the current period 6 properties entered escrow but during September 6 went into escrow. Currently there are 43 condos available on the East Side but in September there were 47. Of those currently active condos the Median List price is $995,000 and two months ago the Median List price was $879,000.