The Condo market for the West of State St area of Santa Barbara Real Estate sees a small raise in the numbers of units available from 46 in 07 to 50 in 08. But the numbers of new properties that came on the market this year went from 5 last year to the current 16 for a 220% rise. The numbers of escrows is down by 4 but the numbers of sales is exactly where it was last year at 3 The Average Sales price rose from $578,167 last year to $896,000 this year for a 54% increase.
For Home Estates in the Santa Barbara Real Estate area of West of State there have been exactly the same numbers of homes to sell. In 07 the total numbers available was 109 and currently its 109. New listings are up with 23 for 07 and 25 for 08 giving us an 8% rise. The overall escrows are down by 5 but the numbers of sales is down by 7. And the Average Sales price is down about 22% from $1,349,350 last year to the current $1,041,667.
The PUD market for the Santa Barbara Real Estate area of West of State St there are fewer properties to sell this year and fewer new properties on the market. The overall inventory is down by 3 and the new properties are down by 1. Escrows are down by 2 and the numbers of sales are exactly where they were at this time last year. Since nothing sold both years there is no Average Sales price.