Beautiful Santa Barbara Blog

’08 through 2/14 for Santa Barbara Real Estate Days on the Market for East of State Street plus ’08 to ’07

For the East of State St Home Estate/PUDs for Santa Barbara Real Estate there have been 14 sales through 2/14 and in ’07 there were 25. The Median Sales price however has risen dramatically to $1,325,000 in ’08 from the ’07 number of $1,000,000. The one thing that has remained fairly constant is the Original List Price to Sold Price ratio. In ’07 it was 87.46% and in ’08 it’s 86.26%. For ’08 the number of Days on the Market has been 77 and in ’07 it was just 113.

For Condominiums in the East of State St area of Santa Barbara Real Estate there are fewer sales in ’08 and the Median Sales Price is down. Last year at this time there were 11 sales and currently there have been 6. The Median Sales price last year was $749,000 and this year it’s at $729,000. The Original List Price to Sold Price ratio for ’08 has been 91.15% and in ’07 it was 89.72%. The Days on the Market for ’07 was 171 and in ’08 it’s 126.