Beautiful Santa Barbara Blog

Days on the Market for East of State Street cumulative numbers ’06 to ’07 through 12/10

For the East of State St Home Estate/PUDs for Santa Barbara Real Estate there have been 214 sales through 12/20 in ’06 there were 230. The Median Sales price has also declined over that same time period. For ’07 it has been $1,218,500 and in ’06 it’s been $1,255,000. The one thing that has remained fairly constant is the Original List Price to Sold Price ratio. In ’06 it was 92.1% and in ’07 it’s 91.61%. To get the slightly reduced Median Sales price you had to wait 14 days longer than in 2006. For ’07 the number of Days on the Market has been 80 and in ’06 it was just 66. Overall there have been fewer sales and a lower Median Sales price for ’07 vs. ’06 Home Estate/PUDs on the East Side.

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 77 sales and currently there have been 84. The Median Sales price last year was $790,000 and this year it’s at $827,500. In ’07 there’s been a slightly larger gap between Original List Price and Sold Price. This year it’s at 93.13% and last year it was 94.88. The only number that pops out is the Days on the Market. For ’06 it was 64 and in ’07 it’s 97. This means you have to wait over a month longer to get about a $40,000 increase in price.