For the Santa Barbara Real Estate area of West of State St for the first 2 months of ’07 in the Single Family Home market 29 homes closed escrow with a median sold price of $985,000 and an average sold price of $1,152,293. For ’08, 14 homes closed escrow with a median sales price of $875,000 and an average sold price of $1,155,571. In ’07 49 homes came on the market with a median asking price of $1,150,000 and an average asking price of $1,301,386. In ’08 61 new homes came on the market with a median list price of $999,000 and an average list price of $1,266,340. Also for ‘07 36 properties went into escrow, 7 were withdrawn from the market, 21 listings cancelled, 19 expired and 7 came back on the market. For ’08 23 homes went pending, 4 were withdrawn, 10 were cancelled, 21 expired and 9 came back on the market. Currently there are 96 homes for sale in the area with a median list price of $1,150,000 and an average list price of $1,321,334.
For the Santa Barbara Real Estate area of West of State St for the first two months of ’07 in the Condo market 9 condos closed escrow with a median sold price of $649,000 and an average sold price of $639,500. For ’08, 7 condos closed escrow with a median sales price of $698,000 and an average sales price of $908,285. For ’07 26 condos came on the market with a median asking price of $665,000 and an average asking price of $787,976.
For ’08, 28 new condos have come on the market with a median list price of $629,000 and an average list price of $928,282. Also for ‘07 15 properties went into escrow, 3 were withdrawn from the market, 7 listings cancelled, 16 expired and 13 came back on the market. For ’08, 9 condos went pending, 1 was withdrawn, 0 cancelled, 14 expired and 2 came back on the market. Currently there are 46 condos for sale in the area with a median list price of $699,000 and an average list price of $986,617.
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