For West of State St in Santa Barbara Real Estate for Home Estate/PUDs the numbers of sales for 08 through May 13 has been 50. This compared to 73 for the same period in 07. This is a substantial drop in the numbers of sales year over year, but nearly as dramatic as the drop on the East Side. There has also been a decline in the Median Sales Price from $1,015,000 last year to $942,000 this year. To add insult to injury it has take longer to get an accepted offer this year. In 08 it took 94 Days and in 07 it took only 73. The Sales Price to Original List Price ratio is much closer together however. This year that ratio has been 90.66% compared to 91.35% last year.
For Condominiums on the West Side of Santa Barbara Real Estate there have been 16 sales to May 13 08 compared to 29 for the same period in 07. This dramatic drop in the numbers of sales is re-enforced by the drop in the Median Sales Price to $546,250 from the 07 number of $640,000. The Sales Price to Original List Price ratio of 91.39% is almost exactly where it was last year when it was 91.64%. But it has taken about a month less to get an accepted offer this year. In 07 it 106 Days and this year it has taken 71.