For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for ’09 we’ve had 13 sales with a median sales price of $970,000. This compares to ’08 when there were 14 sales with a median sales price of $1.325 million. The average sales price lengthens the equation out a little further with ’08 showing up at about $1.6 million compared to ’09 which is just over $1 million. The average days on the market for the East Side are not inconsiderable. It’s taken about 148 gets to get an accepted offer over there with another 48 days throw in for escrow time. That brings the total to just less than 200 days to get a completed escrow.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there have been 3 sales with a median sales price of $850,000 which is about $120,000 above the median sales price posted for this time last year. Unfortunately it’s almost half as many sales as we saw last year. The average sales price flips over however. In ’08 for this period the average condo sold for about $920,000 and this year the average is about $736,000. The average days on the market for the East Side is a rather zippy 56 with another 24 added on for escrow time. This adds up to 61 days total for the properties that closed.
Posted by gandlwoods at February 28, 2009 08:31 AM