Beautiful Santa Barbara Blog

West of State Street segment of Santa Barbara Real Estate Days on the Market through 3/20 for the plus ’08 to ’07 cumulative numbers

For West of State St in Santa Barbara Real Estate of Home Estate/PUDs numbers of sales for ’08 is down with 20 properties closing escrow as opposed to 40 in ’07. The Median Sales price is also rather dramatic. In ’08 it’s been $865,000 compared to $990,000 in ’07. The Average Sales price however is rather close together. In ’08 it’s been $1,058,850 compared to the ’07 number of $1,080,887. The Days on the Market numbers are about 3 weeks apart. In ’08 it’s taken 74 days to get an accepted offer as opposed to 93 in ’08.

For Condominiums on the West Side of Santa Barbara Real Estate there have been 10 sales as opposed to 13 for ’07. But the really big bulge occurs with the Average Sales price. In ’08 the average sales price has been $806,800 compared to $603,500 for ’07. The Median Sales price is rather close however. In ’08 it has been $660,000 compared to the ’07 number of $640,000. The Days on the Market for ’08 has been 80 days compared to the ’07 number of 116.