For Condos in the Santa Barbara Real Estate area of East of State the inventory has raised by a modest 1% and the numbers of New Listings is exactly the same as it was last year with 33. Unfortunately many fewer properties entered escrow which is down by 54% and fewer were sold which is down by 58%. But the Average Sales price is up by about 22% with a rise from $719,853 last year to $883,857 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate as far as inventory is concerned is up by 24% from last year and the numbers of new listings this year is up by 9%. There is a decline in the numbers of escrows by 40% however and a decline in the numbers of sales by 38%. But the Average Sales price has risen modestly by 22% from $1,135,235 in 07 to $1,392,808 in 08.
The PUD market for the Santa Barbara Real Estate area of East of State St we see the inventory up from 1 unit last year to 5 units this year. But the Numbers of New Listings went up by only 1. Escrows and Sales is exactly the same for both years, its 0.