The Condo market for the West of State St area of Santa Barbara Real Estate sees a small decline in the numbers of units available from 73 in 07 to 67 in 08. But the numbers of new properties that came on the market this year is exactly where it was last year at 32. The numbers of escrows is down rather substantially by 9 and the numbers of sales is off by 3.
But the Average Sales price rose from $634,050 last year to $908,286 this year for a 43% increase.
For Home Estates in the Santa Barbara Real Estate area of West of State there has been a slight rise in the total active numbers for 08. In 07 the total numbers available was 150 and currently its 155. New listings are also up with 64 for 07 and 69 for 08 giving us a 7% rise. The overall escrows are down by 11 and the numbers of sales is down by 15. The Average Sales price is up about 2% from $1,125,306 last year to the current $1,151,438.
The PUD market for the Santa Barbara Real Estate area of West of State St there are fewer properties to sell this year and fewer new properties on the market. The overall inventory is down by 4 and the new properties are down by 2. Escrows are down by 1 and the numbers of sales are also down by 1coming in at 0 sales. Since nothing sold both years there is no Average Sales price.