Through the first 11 months of ’08 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estatethere have been 155 sales with a median sales price of $1.15 million and last year through November there were 204 sales with a median sales price of $1,218,500. Thus far this year there have been 169 escrows opened with a $1.195 million median list price and last year at this time there were 203 escrows open with a $1.289 million median list price. So far on the East Side 360 new listings have come on the market with a media list price of $1.345 million whereas last year 425 new listings came up with a median list price of $1.295 million. Right now there are 110 Home Estate/PUDs available for purchase on the East Side with a median list price of $1.449 million.
For the condo market on the East Side of Santa Barbara Real Estatein ’08 there have been 51 sales this year with a median sales price of $605,000. Last year at this time there had been 83 sales with a median sales price of $825,000. Going pending last year there were 82 condos with a median list price of $887,500 but this year only 51 have gone pending with a median list price of $619,000. Thus far this year 116 new condos listings came on the market with a median list price of $649,000 and last year at this time 133 condos had come on the market with a median list price of $887,500. Right now there are only 38 condos available on the East Side with a median list price of $799,900.