The Condo market for the West of State St area of Santa Barbara Real Estate the total inventory for ’09 is up by 7 properties while the numbers of new listings has fallen by 12. With the inventory up the escrows are down by 2 with the sales down by 5. That brings us to the average sales price which has dipped by 30%.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes available is down by 8% with the numbers of new listings declining by 24%. But despite the inventory being down the numbers of escrows is only down by 1 while the numbers of sold properties is up by 2. The average sales price has taken a slight dip however and is off by 5%.
The PUD market for the Santa Barbara Real Estatearea of West of State St there 3 listings last year compared to 0 this year and 1 new listings last year compared to 0 this year. There were 2 escrows last year with 0 this year but there no sales in either year.