In the West of State St area for 1/1/2008 to 3/15/2008 for Santa Barbara Real Estate and the Home Estate/PUD market there are currently 96 for sale. The average list price for those 96 properties is $1,363,176 with the most expensive listing almost at $6 million. The least expensive listing on the West Side is below $500,000 and stands at $494,900. The currently Median List price for the 96 homes on the market is $1,075,000.
Currently there are 20 properties in escrow with a median list price of $1,430,535. The highest priced home in escrow is listed for $5,250,000 and the least expensive home currently pending is $649,000. That brings us to a median list price for the 20 homes in escrow of $1,049,000.
Sales are down for the West Side Home Estate/PUD market but so far 48 homes have closed escrow with an Average Sales Price of $1,084,270. The most expensive home in the West Side closed escrow at $2,645,000 and the least expensive home went out at JUST $450,000. This brings us to a Median Sales price for the area of $935,000.
For the West of State St area for Condominiums in Santa Barbara Real Estate there are currently 70 for sale with an average list price of $1,032,637. The highest priced condo is listed at $2,595,000 and the least expensive property can be had for $379,000. This gives us a Median List Price for the 70 properties of $825,000.
Sales are not quite as depressed as they are on the East Side, but still on the West Side we have only 6 condos in escrow. The Average List Price for the 6 is $523,500 with the highest priced property in escrow going for $698,000. The least expensive condo now in escrow is listed at $354,000 giving us a Median List Price for condos in escrow of $499,000.
Through the first week in May we have had just 16 condos close escrow with an Average Sales Price of $693,781. The most expensive sale for ’08 has been $2,150,000 and the least expensive sale shows up at JUST $385,000. Even with the extremes in sales prices the Median Sales Price for the area is $517,500.
Posted by gandlwoods at May 15, 2008 07:17 AM