For West of State St in Santa Barbara Real Estate of Home Estate/PUDs numbers of sales for 07 is up with 185 properties closing escrow as opposed to 178 last year. The Median Sales Price for 07 has been $1,038,500 and in 07 its at $1,014,750. The Sales Price to Original List price radio has widened out slightly in 07 to 91.62% down from 92.87 in 06. The Days on the Market are very close with it a taking 67 days in 06 to put your house in escrow compared to 69 days in 07. For the West Side of Santa Barbara the Sales are up, the Median Sales price is down and the Days on the Market are steady.
For Condominiums on the West Side of Santa Barbara Real Estate there are also more sales for 07 with 74 Condos closing escrow compared to 66 for 06. But the Median Sales price has slipped slightly from $672,000 in 06 to $642,250 in 07. The Sales Price to Original Price ratio is very close from year to year with 93.9% in 06 vs. 94.27% for 07. The Days on the Market has kind of stretched out in 07. It takes two weeks longer to get your Condo into escrow than it did last year. That means you have to wait 2 weeks longer to receive almost $30,000 fewer dollars for your Condominium.