For the Santa Barbara Real Estate area of West of State St for the first 10 months of ’07 in the Single Family Home market 160 homes closed escrow with a median sold price of $1,031,750 and an average sold price of $1,183,329. 285 homes came on the market with a median asking price of $1,099,000 and an average asking price of $1,233,781. Also for that period 167 properties went into escrow, 29 were withdrawn from the market, 72 listings cancelled, 81 expired and 55 came back on the market. Currently there are 101 homes for sale in the area with a median list price of $1,195,000 and an average list price of $1,305,909.
For the Santa Barbara Real Estate area of West of State St for the first ten months of ’07 in the Condo market 67 condos closed escrow with a median sold price of $645,500 and an average sold price of $771,934. 136 condos came on the market with a median asking price of $689,000 and an average asking price of $870,619. Also for that period 71 properties went into escrow, 23 were withdrawn from the market, 47 listings cancelled, 54 expired and 39 came back on the market. Currently there are 41 condos for sale in the area with a median list price of $699,000 and an average list price of $971,363.