Beautiful Santa Barbara Blog

East of State Street Days on the Market for ’07 through 11/10 plus ’06 to ’07 cumulative numbers

For the East of State St Home Estate/PUDs for Santa Barbara Real Estate the numbers of sales is slightly behind where it was last year at this time. In ’06 to November 10 there were 205 sales and this year there have been 197. Similarly the Median Sales price is down by a small amount from $1,270,000 last year to $1,245,000 this year. To continue on with the theme the Sold Price to Original List Price ratio was 92.39 in ’06 and it’s 92.3 in ’07. To get the slightly reduced Median Sales price you had to wait 8 days longer than in 2006. For ’07 the number of Days on the Market has been 76 and in ’06 it was just 68. Overall ’07 has been a mirror copy of ’06. Sales, Median Sales Price and Days on the Market are basically where they were last year.

For Condominiums in the East of State St area of Santa Barbara Real Estate there are more sales in ’06 and the Median Sales Price is up. Last year at this time there were 72 sales and currently there have been 81. The Median Sales price last year was $797,500 and this year it’s at $817,500. In ’07 there’s been a slightly larger gap between Original List Price and Sold Price. This year it’s at 96.97 and last year it was 97.72. The only number that pops out is the Days on the Market. For ’06 it was 65 and in ’07 it’s 100. This means you have to wait over a month longer to get a $20,000 increase in price. Now that I think about it, most of us don’t make $20,000 a month so it’s worth the wait.