In the West of State St area of Santa Barbara Real Estate the inventory currently stands at 87 Home Estate/PUDs with an average list price of about $1.25 million and a median list price of just under $1 million. The most expensive property on the West Side is listed for $3.55 million while the lowest priced listing can be had for $406,199. The average marketing time for those 87 Home Estate/PUDs is 132 days.
Right now there are 13 Home Estate/PUDs in escrow on the West Side of Santa Barbara with an average list price of $792,284 and a median list price of $749,900. The highest priced property in escrow right now is listed for just under $2 million while the lowest priced home is on the market for just $180,000. The average marketing time for those 13 properties is 80 days.
For the period we’re talking about 7 homes closed escrow with an average sales price of $1,086,642 and a median sales price of $1,052,500. The highest priced home that closed escrow sold for $1.6 million while the least expensive home had a selling price of $680,000. The average marketing time for those 7 properties was 97 days.
For the Condo market on the West Side of Santa Barbara Real Estate there are 48 units currently available with an average list price of just over $1 million. The median list price is $789,000 with the highest priced listing topping the charts at about $2.6 million. The lowest priced condo on the market in the area can be had for just $299,000. The average marketing time for those 48 condos is 179 days.
There are currently only 2 condos in escrow on the West Side with a top price of $471,900 and a bottom price of $450,000. This gives us a median list price for the 2 condos of $450,000 and an average list price of $460,500.
For the period we’re talking about 3 condos closed escrow with an average sales price of $408,166 and a median list price of $390,000. The highest priced condo sold for $520,000 and the least expensive condo went out at $314,500. The average marketing time on those 3 properties was 51 days.
Posted by gandlwoods at January 24, 2009 07:50 AM