May 05, 2009

Santa Barbara Real Estate area of East of State St from for the last 30 days from March 24 to April 24 ‘09

For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 12 sales from March 24 to April 24 compared to 17 last year for this time period. The median sales price has also slid from $1.24 million last year to $967,500 this year. The good news is that the pending listings currently stand at 29 with a median list price of $899,000 whereas last year there were only 12 properties entering escrow but with a median list price of $1.199 million. More new listings are coming on this year with 58 posted for the period with a median list price of $1 million compared to last year when there were 32 listed with a median list price of $1.485 million. Currently there are 153 Home Estate/PUDs available on the East Side of Santa Barbara with a median list price of $1.495 million.

For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 3 sales for the period we’re discussing compared to 5 last year. The median sales price is also very far apart with a $480,000 median sales price posted this year compared to last year when that number was $985,000. The good news is that the pending numbers are way up with 8 currently in escrow compared to 3 last year. But the median list price this year is $517,000 compared to $985,000 last year. The new listings are down however from 12 last year with a median list price of $740,000 which compares to this year with 9 new listings and a $559,900 median list price. Currently there are 38 condos available on the East Side of Santa Barbara with a median list price of $685,000.



Posted by gandlwoods at May 5, 2009 08:46 AM