For Condos in the Santa Barbara Real Estate area of East of State the inventory has raised by a modest 2% and the numbers of New Listings is up by 20%. Unfortunately even thought there have been properties to sell, fewer entered escrow which is down by 75% and fewer were sold which is down by 50%. But the Average Sales price is up by about 19% with a rise from $739,125 last year to $882,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate as far as inventory is concerned is up by 22% from last year but the numbers of new listings this year is down by 14%. There is also a decline in the numbers of escrows by 58% and a decline in the numbers of sales by 22%. But the Average Sales price has risen by 43% from $1,072,778 in 07 to $1,537,714 in 08.
The PUD market for the Santa Barbara Real Estate area of East of State St we see the inventory up from 1 unit last year to 5 units this year. But the Numbers of New Listings, Escrows and Sales is exactly the same for both years, its 0.