For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs there were 5 sales in 08 with a median sales price of $875,000 compared to 07 for the same period when there were 15 sales with a median sales price of $1.08 million. During the same period 20 properties came on the market in 08 with a median list price of $985,000 compared to last year when 20 properties also came on the market with a median list price of $955,000. In 08 7 Home Estate/PUDs went into escrow with a median list price of $849,000 whereas last year when 9 properties went into escrow with a median list price of $840,000. Right now there are 84 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1.15 million.
For the condo market the sales figures show us 3 sales with a median sales price of $442,000. Last year there were 6 sales with a median sales price of $545,000. For 08 14 condos came on the market with a median list price of $519,000 and in07 8 condos came on the market with a median list price of $698,000. This year 5 properties went into escrow with a median list price of $549,900 whereas last year only 3 properties went pending with a median list price of $995,000. Currently there are 58 condos available for purchase on the West Side of Santa Barbara Real Estate with a median list price of $765,000.
Posted by gandlwoods at December 18, 2008 08:42 AM