For the Santa Barbara Real Estatearea of West of State St for Home Estate/PUDs there were 6 sales from the period of December 24th ‘08 to January 24th ’09. Those 6 had a median sales price of $1,036,750. Last year there were 4 sales with a median list price of $1,047,500. Coming on the market this year there have been 24 new Home Estate/PUD listings with a median list price of $895,000 and last year there were 36 new listings with a median list price of $899,000. So far this year 16 properties have entered escrow with a median list price of $759,000 and last year there were only 6 escrows opened with a median list price of $869,000. Currently there are 86 Home Estate/PUDs available for purchase on the Santa Barbara West Side with a median list price of just under $1 million and 137 days on the market.
For the condo market the sales figures show us only 1 sale for the period and it went out at $520,000. Last year there were 4 sales with a median sales price of $824,000. During the time period 7 new condos came on the market with a median list price of $549,900 and last year 16 condos came on with a median list price of $599,000. This year no escrows have been opened but last year there were 2 that went into escrow with a median list price of $439,000. Currently there are 51 condos available on the West Side of Santa Barbara Real Estate with a median list price of $789,000 and 176 days on the market.
Posted by gandlwoods at January 31, 2009 07:28 AM