For the Santa Barbara Real Estate area of East of State St for the first month of ’07 in the Single Family Home market 12 homes closed escrow with a median sold price of $935,000 and an average sold price of $999,083. For ’08 10 homes closed escrow with a median sold price of $1,222,500 and an average sold price of $1,488,100. In ’07 40 homes came on the market with a median asking price of $1,262,500 and an average asking price of $1,637,782. In ’08 40 homes came on the market with a median asking price of $1,299,000 and an average asking price of $1,489,797. For ‘07 25 properties went into escrow, 7 were withdrawn from the market, 6 listings cancelled, 16 expired and 7 came back on the market. For ‘08 10 properties went into escrow, 2 were withdrawn from the market, 7 listings cancelled, 26 expired and 4 came back on the market. Currently there are 126 homes for sale in the area with a median list price of $1,395,000 and an average list price of $1,799,427.
For the Santa Barbara Real Estate area of East of State St for the first month of ’07 in the Condo market 6 condos closed escrow with a median sold price of $749,000 and an average sold price of $707,416. For ’08 5 condos closed escrow with a median sold price of $699,000 and an average sold price of $662,400. In ’07 13 condos came on the market with a median asking price of $775,000 and an average asking price of $894,115. In ’08 18 condos came on the market with a median asking price of $899,000 and an average asking price of $1,119,390. For ’08 3 properties went into escrow, 5 were withdrawn from the market, 2 listings cancelled, 8 expired and 1 came back on the market. Currently there are 43 condos for sale in the area with a median list price of $899,000 and an average list price of $1,119,390.