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 14 in October. The Median sales price two months ago was $962,500 but currently its $990,000. So while the numbers of properties completed the sales cycle went down the Median Sales price went up. Also in the last 30 days 17 properties entered escrow which is fewer than entered escrow in October when it was 13. The inventory has contracted somewhat with currently 96 properties available as opposed to two months ago when there were 97 for sale. The Median List is exactly where it was, $1,195,000 in r and $1,195,000 now.
For Condominiums in the West of State St area of Santa Barbara Real Estate there were 5 properties that closed in the last 30 days as opposed to 4 that closed escrow in October. The Median Sold price rose very slightly to $660,000 while in October it was $657,500. Also in October we saw 2 condos enter escrow but in the last 30 days there were 5. The inventory is going up slightly with October showing 41 condos available with a $679,000 median list price. Compared to 43 properties available currently with a Median List price or $698,000.