For the Santa Barbara Real Estate area of West of State St for the first month of ’09 in the Single Family Home market 6 properties closed escrow with a median sales price of right around $1 million. This compares to only 4 sales last year with a median sales price of just over $1 million. There have been 17 escrows open this year with a median list price of $870,000 compared to last year when there were only 8 escrows opened with a median list price of $869,000. So far this year 26 Home Estate/PUDs appeared on the market with a median list price of $950,000 and last year there were 35 new listings for the period with a median list price of $875,000. Currently there are 86 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $995,000 and 136 days on the market and average days on the market of 136.
For the Santa Barbara Real Estate area of West of State St for the first month of ’09 in the Condo market 2 condos closed escrow with a median sales price of $710,000 compared to ’08 when there were 4 sales with a median sales price of $824,000. Only 2 condos have entered escrow this year with a median list price of $399,000 compared to ’08 when there were also 2 escrows opened but the median list price was $439,000. There have been 8 new condos come on the market on the West Side of Santa Barbara with a median list price of $549,900 compared to last year when there were 18 new condo listings with a median list price of $599,000. Currently there are 49 condos available for purchase on the West Side of Santa Barbara with a median list price of $795,000. Those 49 condos have been on the market for 184 days.