For the Santa Barbara Real Estate areas of West of State St for Single Family Homes
There were 13 Homes Estate/PUDs that closed escrow with a Median Sales Price of $910,000 and an Average Sales Price of $988,038. The Sales Price to Original List Price radio remained sold at 94.1% and the Days on the Market slid down to 63. Coming on the market for the same 30 day period were 22 properties with a Median List Price of $999,000 and an Average List Price of $1,206,450. Replacing those 13 properties were 18 that entered escrow. The Median List price for those homes in escrow incremented up to $1,049,000 with the Average rising to $1,264,277. It did however take 80 days to get them into escrow as opposed to the 63 for the ones that closed. Currently there are 88 Home Estate/PUDs available on the West Side with a Median List Price of $1,085,000 and an Average List Price of $1,283,949.
For Condominiums in the West of State St area of Santa Barbara Real Estate there were 4 that closed escrow with a Median Sales Price of $537,500 and an Average Sales Price of $552,500. The really good news for those 4 is that the average days on the market for them was 14.The Sales Price to Original List Price rise is even higher than the Home Estate showing up at 96.17%. Coming on the market were 11 condos for the 30 day period with a Median Sales Price of $629,000 and an Average Sales price of $618,545. The worrisome news is that only 1 condo went into escrow during the 30 days. That property had a List Price of $525,000. Currently there are 51 Condos available on the West Side with a Median List Price of $649,000 and an Average List Price of $885,554.