For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs there were 9 sales from the period of February 20th to March 20th ’09. Those 9 had a median sales price of $725,000. Last year there were 12 sales with a median sales price of $814,250. Coming on the market this year there have been 23 new Home Estate/PUD listings with a median list price of $975,000 and last year there were 23 new listings with a median list price of $1,099,000. So far this year 11 properties have entered escrow with a median list price of $589,800 and last year there were 14 escrows opened with a median list price of $1,025,000. Currently there are 87 Home Estate/PUDs available for purchase on the Santa Barbara West Side with a median list price of $990,000 and 140 days on the market.
For the condo market the sales figures show us 3 sales for the period with a median sales price of $560,000. Last year there were also 3 sales with a median sales price of $575,000. During the time period 11 new condos came on the market with a median list price of $599,000 and last year 9 condos came on with a median list price of $559,000. This year 3 escrows have been opened with a median list price of $499,000 but last year there were 4 that went into escrow with a median list price of $525,000. Currently there are 57 condos available on the West Side of Santa Barbara Real Estate Real with a median list price of $599,000 and 151 days on the market.
Posted by gandlwoods at March 30, 2009 08:03 AM