For West of State St in Santa Barbara Real Estate for Home Estate/PUDs the numbers of sales for 08 through July 11 is 74 units compared to the same period in 07 when there were 105. This is a decline of almost 30%. But, just like on the East Side the decline in both the median and average sales price is much smaller with the median price falling by about 2% and the average sales price falling by less than 1%. What have gone up are the Days on the Market which has risen from 62 in 07 to the current 94 number.
For Condominiums on the West Side of Santa Barbara Real Estate there have been 24 sales to July 11. This compared to 43 sales for the same period last year which gives us about a 43% decline in the numbers of sales. There has also been a decline in both the median and average sales numbers with the median declining by about 12% the average falling by about 4%. But unlike Home Estate Days on the Market it has actually taken a lot less time to get an accepted offer on a condominium. In 07 it took 97 days and in 08 it has taken only 75 days.