For the Santa Barbara Real Estate area of East of State St for the first month of ’09 in the Single Family Home market 7 homes sold with a median sales price of just under $1 million. This compares to ’08 when there were 11 sales with a median sales price of $1.25 million. 11 properties went into escrow in both years but this year the median list price has been $1.47 million and last year it was $1.289 million. 37 new properties have come on the market with a median list price of $1.495 million and last year 41 new properties came on with a median list price of just about $1.2 million. Right now there are 109 Home Estate/PUDs available on the East Side of Santa Barbara with a median list price of $1.45 million and average days on the market of 114.
For the Santa Barbara Real Estate area of East of State St for the first month of ’09 in the Condo market 2 condos have closed escrow with a median sales price of $679,000 compared to last year when 5 sold with a median list price of $699,000. For good news is that this year 4 condos went into escrow with a median list price of $779,000 compared to last year when only 2 condos started the buying process with a $699,000 median list price. 19 condos have come on the market with year with a median list price of $779,000 compared to last year when 12 properties appeared with a median list price of $659,000. Right now there are 42 condos available on the East Side of Santa Barbara with a median list price of $779,000 and average days on the market of 126.