On the West Side of Santa Barbara Real Estatefor the Home Estate/PUD market there have been 127 sales compared to last year when there were 173. The median sales price went down from $1.039 million in ’07 to $920,000 in ’08. Thus far this year 139 Home Estate/PUDs entered escrow with a median list price of $919,900 whereas last year 174 properties entered with a median list price of $1,049,000. So far this year 274 new listings have come on the market with a median list price of $979,000 whereas last year there had been 318 new listings with a median list price of $1,075,000. Currently there are 82 Home Estate/PUDs available for purchase on the West Side with a median list price of $1,150,876.
For the condo market on the West Side of Santa Barbara Real Estatethere have been 55 sales this year with a median sales price of $545,000 whereas last year there were 71 sales with a median sales price of $645,500. So far this year there have been 58 escrows opened with a median list price of $535,000 and last year 72 escrows had been opened with a median list price of $659,000. So far this year 160 new condos listings came on line with a median list price of $618,000 and last year at this time 153 listings came on line with a median list price of $679,000. Right now there are 64 condos available for purchase on the West Side of Santa Barbara with a median list price of $795,000.
Posted by gandlwoods at December 11, 2008 07:36 AM