For the Santa Barbara Real Estate areas of West of State St for Single Family Homes there were 13 that closed escrow in the last 30 days as opposed to 10 in September. The Median sales price two months ago was $1,107,000 but currently its $875,000. So while the numbers of properties completed the sales cycle went up the Median Sales price fell. Also in the last 30 days 15 properties entered escrow which is more than entered escrow in September when it was 12. The inventory has contracted somewhat with currently 105 properties available as opposed to two months ago when there were 103 for sale. The Median List is exactly where it was, $1,195,000 in September and $1,195,000 now.
For Condominiums in the West of State St area of Santa Barbara Real Estate there were 3 properties that closed in the last 30 days as opposed to 11 that closed escrow in September. The Median Sold price is exactly where it was in September at $675,000. Also in September we saw 2 condos enter escrow just like the 2 we saw this month. The inventory is going down slightly with September showing 46 condos available with a $725,000 median list price. Compared to 45 properties available currently with a Median List price or $679,000.