In the West of State St area for 1/1/2008 to 3/15/2008 for Santa Barbara Real Estate 88 Home and Estate/PUDs are now on the market. The highest priced property is listed at $5,500,000 and the lowest priced home is less than 10% of that number coming in at $524,900. The Average for the current listing is still at $1,316,433 with the median list price slightly lower at $1,140,000. As of now the Average Market time for the homes for sale stands at 104 days.
As of 3/15 there are 22 Homes in escrow with the highest priced home showing up at $1,795,000 and lowest priced property in escrow displaying at $499,900 price tag. The Average List price for these properties currently in escrow is $1,050,240 with the median list price only $100,000 off at $949,900. The Average Market time for these homes is 81 days.
In 2008 on the West Side 18 homes have closed escrow with the highest sales being $2,645,000 and the least expensive home selling for $600,000. Even so the Average sales price has been $1,118,777 with the median sales price farther down the road at $890,000. The average market time on those 18 homes was a brisk 79 days.
West of State St area for Condominiums for Santa Barbara Real Estate51 condos are currently on the market. The highest listed Condo price is $2,595,000 with the lowest dipping below $400,000 at $399,000. The average for those 51 condos is a very healthy $953,270 but the median list price dips down to $695,000. For the condo inventory on the West Side the average market time is 102 days.
7 condos are now in escrow on the West Side and the average price for those 7 homes is $516,571. The West Side numbers are grouped a lot more tightly together than the other districts. The highest priced condo in escrow is $599,000 the lowest price condo is $439,000 giving us a median list price of $525,000. The average market time for the properties in escrow is 94 days.
For West Side condos 8 condos have closed escrow thus far in 2008. The highest priced sale was $2,150,000 with the lowest a microscopic $385,000. When you throw all the numbers together it means that the average condo sales price has been $874,125 and the median sales price has been $685,000. For those 8 condos that closed the Average Market Time was 100 days.
Posted by gandlwoods at March 24, 2008 06:33 AM