For the Santa Barbara Real Estate area of East of State St for all of ’07 in the Single Family Home market 217 homes closed escrow with a median sold price of $1,200,000 and an average sold price of $1,401,163. 393 homes came on the market with a median asking price of $1,299,000 and an average asking price of $1,573,272. Also for that period 215 properties went into escrow, 60 were withdrawn from the market, 88 listings cancelled, 137 expired and 99 came back on the market. Currently there are 109 homes for sale in the area with a median list price of $1,449,000 and an average list price of $1,846,191.
For the Santa Barbara Real Estate area of East of State St for all of ’07 in the Condo market 86 condos closed escrow with a median sold price of $821,500 and an average sold price of $934,848. 139 condos came on the market with a median asking price of $929,000 and an average asking price of $1,137,075. Also for that period 87 properties went into escrow, 18 were withdrawn from the market, 31 listings cancelled, 34 expired and 22 came back on the market. Currently there are 37 condos for sale in the area with a median list price of $1,049,000 and an average list price of $1,249,159.