The Condo market for the West of State St area of Santa Barbara Real Estate there have been almost exactly the same number of properties available this year as there were last year and only slightly more new properties available. But the numbers of escrows is down by about 12% with the numbers of sales down about 27%. Despite this 27% decline in the numbers of sales the average sales price is down only about 13% currently residing at $674,760.
For Home Estates in the Santa Barbara Real Estate area of West of State the total number of properties available is down about 12% this year and the numbers of new listings is down about 16%. The numbers of homes that have gone into escrow this year is down at about the same level but the numbers of sales is down about 28%. Even though this numbers of sales is down by about 28% the average sales price is down by about 13% to the current $1,067,550.
The PUD market for the Santa Barbara Real Estate area of West of State St there has been only 8 listings this year compared to 19 last year and new listings are down from 15 last year to 6 this year. But even though the numbers of available PUDs is down dramatically the numbers of escrows is up by 1 and the sales are up by 3. But despite the rise in the numbers of sales the average sales price is down by about 21%.