For Santa Barbara Real Estate East of State St for Single Family Homes 17 properties closed in the last 30 days as opposed to 21 two months ago. The Median Sales price is down slightly from $1,267,000 in October to $1,225,000 currently. The numbers of homes that were in escrow two months ago was 20 and in the last 30 days it’s been 10. Median asking price of those homes in escrow has risen from $1,099,000 to the current $1,595,000. The inventory has increased however from 130 in October to 137 now. Usually at this time of year the inventory starts to shrink but not this year. The Median Listing price of the inventory has increased only slightly. Right now it’s $1,594,000 up from $1,495,000.
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 7 as compared to 4 for October and the Median Sales price of those homes that closed escrow was $1,250,000 as compared to $1,175,000 in October. During the current period 3 properties entered escrow but during October 5 went into escrow. Currently there are 39 condos available on the East Side but in October there were 46. Of those currently active condos the Median List price is $1,049,000 and two months ago the Median List price was $970,000.