For the East of State St area of Santa Barbara Real Estate there are currently 136 Home Estate for Sale. The highest priced listing is $7,950,000 and the least expensive home is listed at $399,000. So there’s an opportunity to own a home in Santa Barbara under $400,000. Despite the $399,000 home the Average for the area is $1,746,179 and the Median List price is $1,489,000. Currently the Average Market time for those properties is 94 days.
Currently there are 19 Homes in escrow in the area with a top list price of $2,700,000 and a low list price of $459,900. The Average for all those 19 homes is still a healthy $1,277,082 and the Median List price an even healthier $1,300,000. The Average Market time is currently at 93 days.
On the East Side of Santa Barbara there has been 25 Homes close escrow so far in ’08. The highest priced Estate went out at $3,400,000 and the lowest sold for a paltry $589,000. Despite the over all lower prices the Average for the area is still $1,322,020 with a Median Sales Price of $1,175,000 and an Average Market time of 98 days.
For Condominiums in the East of State St area for Santa Barbara Real Estate we have 45 condos on the market. The highest priced condo on the East Side is listed for $2,247,000 and the lowest is a mere $515,000. When you put it all together that gives you an Average List price of $1,054,015 but a Median List price of “only” $899,000. Those 45 condos have an Average Market Time of 90 days.
5 condos on the East Side are now in escrow with a high list price of $1,165,000 and a low list price of $510,000. The prices are definitely drifting downward for East Side condos because the Average is $856,600 with a Median List price of $850,000. It took an Average of 155 days to Market those properties in escrow.
For Sales on the East Side of Santa Barbara there have been 10 condos close escrow in 2008. The highest priced condo on the East Side closed for $2,200,000 with the lowest going for below $300,000 at $290,000. Even so the Average Sales price showed up at $855,400 but the Median Sales price drifted down to $675,000. The Average Market time for those condos was 100 days.
Posted by gandlwoods at March 22, 2008 06:24 AM