For the Santa Barbara Real Estate area of West of State St for the first month of ’07 in the Single Family Home market 14 homes closed escrow with a median sold price of $1,150,000 and an average sold price of $1,327,035. For ’08 3 homes closed escrow with a median sold price of $800,000 and an average sold price of $950,000. In ’07 30 homes came on the market with a median asking price of $1,100,000 and an average asking price of $1,362,733. In ’08 35 homes came on the market with a median asking price of $899,500 and an average asking price of $1,172,480. For ‘07 9 properties went into escrow, 3 were withdrawn from the market, 7 listings cancelled, 13 expired and 2 came back on the market. Currently there are 94 homes for sale in the area with a median list price of $1,099,999 and an average list price of $1,288,718.
For the Santa Barbara Real Estate area of West of State St for the first month of ’07 in the Condo market 4 condos closed escrow with a median sold price of $648,500 and an average sold price of $608,375. For ’08 4 condos closed escrow with a median sold price of $824,000 and an average sold price of $784,500. In ’07 18 condos came on the market with a median asking price of $649,000 and an average asking price of $966,861. For ‘07 3 properties went into escrow, 1 was withdrawn from the market, 0 listings cancelled, 11 expired and 2 came back on the market. Currently there are 44 condos for sale in the area with a median list price of $779,000 and an average list price of $986,728.