For the Santa Barbara Real Estate area of West of State St for the first 11 months of ’07 in the Single Family Home market 172 homes closed escrow with a median sold price of $1,039,500 and an average sold price of $1,179,039. 287 homes came on the market with a median asking price of $1,095,000 and an average asking price of $1,223,081. Also for that period 178 properties went into escrow, 33 were withdrawn from the market, 73 listings cancelled, 97 expired and 59 came back on the market. Currently there are 87 homes for sale in the area with a median list price of $1,149,000 and an average list price of $1,312,267.
For the Santa Barbara Real Estate area of West of State St for the first eleven months of ’07 in the Condo market 72 condos closed escrow with a median sold price of $647,250 and an average sold price of $768,397. 141 condos came on the market with a median asking price of $684,900 and an average asking price of $860,189. Also for that period 72 properties went into escrow, 23 were withdrawn from the market, 52 listings cancelled, 57 expired and 40 came back on the market. Currently there are 41 condos for sale in the area with a median list price of $679,000 and an average list price of $970,104.