In the West of State St area of Santa Barbara Real Estate for 1/1/2008 to 9/10/2008 there are 99 Home Estate/PUDs available with an average list price of about $1.37 million and a median list price of just over $1 million. At the top of the heap is one property listed for right under $6 million but on the bargain basement side of the ledger is one that can be had for under $400,000.
Of those 99 available properties there are 17 that are currently in escrow with an average list price of $835,571. This average list price is only about $6,000 away from the median list price which stands at $829,000. The highest priced listing on the West Side that is currently in escrow is listed for $1,295,000 while the least expensive property in escrow right now stands at just $450,000.
Through September 10th there have been 101 sales on the West Side with an average sales price of $1,073,706 and a median sales price of $949,000. The most expensive sale this year came in right at $5 million while the least expensive property was sold for just $450,000.
For the Condo market on the West Side of Santa Barbara Real Estate there are currently 53 properties available with an average list price of $1,065,707. About $160,000 separates the average and median list prices with the median coming in at $895,000. Right at the top of the charts is a condo listed for $2,295,000 and on the other end of the spectrum is one that can be had for just $339,500.
Of those 53 condos that are available on the West Side of Santa Barbara 18 are currently in escrow with an average list price of $749,883. The median list price is considerably farther down however coming in at just $499,000. Right at the top of the charts is a condo that’s in escrow for $2,595,000 but at the other end of the spectrum is one that’s listed for $399,000.
Throughout 2008 we’ve seen 43 condos close escrow with an average list price of $669,732 and a median sales price of $583,500. The most expensive condo which has completed the selling process thus far in ’08 closed for $2,150,000 while the least expensive condo went out for just $350,000.
Posted by gandlwoods at September 22, 2008 08:05 AM