For the Santa Barbara Real Estate area of West of State St for all of ’07 in the Single Family Home market 187 homes closed escrow with a median sold price of $1,038,500 and an average sold price of $1,165,129. 293 homes came on the market with a median asking price of $1,099,000 and an average asking price of $1,232,580. Also for that period 183 properties went into escrow, 38 were withdrawn from the market, 79 listings cancelled, 114 expired and 64 came back on the market. Currently there are 73 homes for sale in the area with a median list price of $1,200,000 and an average list price of $1,359,141.
For the Santa Barbara Real Estate area of West of State St for all of ’07 in the Condo market 74 condos closed escrow with a median sold price of $645,250 and an average sold price of $762,359. 143 condos came on the market with a median asking price of $697,000 and an average asking price of $878,235. Also for that period 75 properties went into escrow, 23 were withdrawn from the market, 53 listings cancelled, 64 expired and 40 came back on the market. Currently there are 31 condos for sale in the area with a median list price of $699,000 and an average list price of $945,429.