For West of State St in Santa Barbara Real Estate for Home Estate/PUDs the numbers of sales for 08 through August 21 is 90 units compared to 134 last year. This substantial decline is not accompanied by a big drop in prices however. The fall in prices, while not as small as what has occurred on the East Side is down about $85,000 on the average price and about the same on the median sales price. What have gone up on the West Side are the days on the market which is currently at 87 and last year stood at 63.
For Condominiums on the West Side of Santa Barbara Real Estate there have been 39 sales through August 21 is down from 52 last year. Interestingly the fall in both the median and average sales price is almost exactly what they have been for Home Estates. The median sales price is down about $60,000 and the average sales price is about the same. But unlike Home Estates the days on the market have held steady at about 90.