For the East of State St area of Santa Barbara Real Estate there are currently 142 Home Estate/PUDs available. The Average List Price for those 142 properties stands at an amazing $1,864,014. The Highest Priced listing on the East Side is on the market for $7,950,000 and the least expensive home estate can be had for a paltry, for Santa Barbara $399,000. Even with this $399,000 home the Median List Price for the East Side comes in at $1,595,000.
It’s been a tough year for the East Side and currently there are just 21 properties in escrow. The prices have not dropped precipitously for the area and the Average List Price for the Pending home is $1,259,190. The highest priced home in escrow is priced at $2,695,000 and the least expensive home that has gone pending is only $512,000. This gives us a Median List Price of $1,175,000 for homes currently in escrow.
Sales on the East Side are down dramatically but 50 homes have closed escrow so far this year with an average sales price of $$1,296,425. The highest priced home to have cleared escrow sold for $3,400,000 and the least expensive home went out at just $400,000. The Median Sales Price for the Santa Barbara East Side through May 8 is $1,175,000.
For Condominiums in the East of State St area for Santa Barbara Real Estate we have 45 condos currently on the Market. On the East Side, listings are up but sales are down. The 45 listed condos have an Average List Price of $817,664 with the highest priced listing coming in at $1,950,000. The least expensive condo currently on the market is listed for $440,000 which gives us a Median List Price for the 45 properties of $699,900.
Currently there are just 8 condos in escrow on the East Side with an Average List Price of $749,609. The highest priced condo that is currently in escrow is listed for $1,089,000 and the least expensive condo is JUST $475,000. For 8 condos in the area that are currently in escrow the Median List Price is $699,000.
Through the first week of May ’08 we’ve seen 17 condos close escrow on the East Side with an average sales price of $817,764. The highest priced condo went out at $2,200,000 and the least expensive condo closed for JUST $290,000. When you put all those numbers together you get a Median Sales Price for the 17 condos of $699,000.