In the West of State St area for 1/1/2008 to 6/20/2008 for Santa Barbara Real Estate and the Home Estate/PUD market there are currently 101 properties available with an average list price of $1.3 million. Currently active on the West Side the most expensive property is listed just under $6 million and the least expensive listing is $479,900. With this wide diversity of listings the median list price is $985,900. The average market time for these 101 listings is 94 days.
Currently in escrow on the West Side there are 17 homes with an average list price of $961,223. This average list price covers a rather substantial range from the most expensive property at $1,495,000 and the least expensive property at $529,000. The median list price comes in just as you would expect about in the middle at $949,000. Right now the average market time on those homes is 95 days.
So far for the year 67 Home Estates have closed on the West Side with an average sales price of almost $1.2 million. The highest priced home tops the list at $5 million and the least expensive sale was just $450,000. With that wide range of sale prices the median comes in right at $1 million for those 67 Home Estates. And showing an amazing consistency the average market time for the closed homes was 93 days.
For the West of State St area for Condominiums Santa Barbara Real Estate there are currently 72 condos for sale. This number has remained steady meaning that the flood of new listings coming on the market has remained stable. This may change however because I know of 35 units ready to come on the market on the West Side. The average list price for a West Side Condo is right at $1 million with the most expensive property at just about $2.6 million. But there are still bargains on the West Side with one property at $354,750. The average market time for those 72 condos is 99 days.
There are just 8 properties in escrow right now on the West Side with the average list price at about $675,000. The most expensive condo in escrow is listed at $1,295,000 and the least expensive property that got snapped up has a $399,000 list price. When you put it altogether you come out with a median list price for $598,500 for those 8 homes in escrow at the present. Average market time for those 8 is 132 days.
Looking at sold condos on the West Side we see 22 so far for the year with an average sales price of $646,795. The highest priced West Side condo went out at $2,150,000 and the least expensive property changed hands at $354,000. The median sales price is $517,500 with a 69 day average market time.
Posted by gandlwoods at June 27, 2008 09:08 AM