On the West Side of Santa Barbara Real Estate for the Home Estate/PUD market there have been 124 sales since the first of the year compared to 160 at this time last year. This is a decline of about 22%. Accompanying this decline is a 10.4% fall in the median sales price and a 11% fall in the average sales price. During that same time period there was about a 15% fall in the numbers of homes that went into escrow and the median list price for those homes was 12.3%. Currently there are 75 Home Estate/PUDs available on the West Side of town with a median list price of $1,150,000 and an average list price of $1,366,637.
For the condo market on the West Side of Santa Barbara Real Estate there have been 52 sales which is about 23% less than last year and the median sales price has fallen about 14%. The average sales price has also come down but by about 18%. The numbers of condos that went into escrow fell by 17% and the median list price for those homes that went into escrow went down by 18%. Right now there are 54 condos available for purchase on the West Side of Santa Barbara with a median list price of $939,000 and an average list price of $1,136,725.
Posted by gandlwoods at November 26, 2008 09:13 AM