On the West Side of Santa Barbara Real Estate for the Home Estate/PUD market there were over 50 fewer sales this year compared to last year and the median sales price fell by a little over $100,000. But the new properties coming on the market also fell by not quite 50 while the median list price for those new properties slid by just over $100,000. The sales price to original list price ratio was right about 90% so the askin’ prices were at least close to the sellin’ prices. Currently there are only about 80 Home Estate/PUDs available on the West Side of Santa Barbara with a median list price of about $1.1 million and an average list price of about $1.25 million. Those approximately 80 sellers have been waiting on average 145 days for that right buyer to come along.
For the condo market on the West Side of Santa Barbara Real Estate there have been about a dozen fewer sales this year compared to last year. But the median sales price for those sales went down about $120,000. The sales price to original list price ratio was about 90% telling us that sellers got pretty close to what they would have like to have gotten. Currently there are almost 50 condos available on the West Side of Santa Barbara with a median list price of about $750,000 and an average list price of just over $1 million. But those condos sellers have been waiting on average almost 6 months for a buyer to come along.
Posted by gandlwoods at January 9, 2009 06:38 AM