Through the first 9 months of 08 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate the numbers are starting to look a little better but theres a long way to go. So far this year there have been 131 sales with a median sales price of $1.1 million and in 07there were 173 sales with a median sales price of $1.2 million. The average sales price is even closer than that with only $80,000 separating the 2 years. The pending numbers are also starting to creep together with 176 escrows opened in 07 with a median list price of $1.295 and 138 escrows opened in 08 with a median list price of $1.15 million. Unlike the average sales price however the average list price of those homes that opened escrow in 07 is about $150,000 higher than the properties that opened escrow in 08. Currently there are 133 Home Estate/PUDs available for purchase with a median list price of $1.59 and an average list price of $2 million.
For the condo market on the East Side of Santa Barbara Real Estate in 08 there have been 41 sales with a median sales price of $629,000 and an average sales price of $741,875. And in 07 there were 73 sales with a median sales price of $805,000 and an average sales price of $892,718. The numbers of condos entering escrow is starting to inch together with the current number sitting at 41 with a median list price of $625,000 compared to 07 when there were 74 that went into escrow with a median list price of $849,00. On the East Side of Santa Barbara there are currently only 39 condos available with a median list price of $725,000 and an average list price of $1,224,148.