For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for ’09 we’ve had 32 sales thus far for the year which is 4 behind the pace set last year. With the numbers of units sold sliding back the medium sales price has also declined by about the same percentage. Last year the medium price was $1.175 million and this year it’s down to $960,000. To get an accepted offer on those 32 sales took an average of just over 3 months then another approximately 7 weeks to get them closed.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there have been 9 sales compared to 13 at this time last year. During that time period the median sales price went from about $700,000 to about $575,000. To get those 9 sales took an average of 68 days and then another month or escrow time to get them closed.
Posted by gandlwoods at April 20, 2009 09:26 AM