May 06, 2009

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

For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs there were 15 sales compared to last year when there were 18 from March 24 to April 24. With the numbers of sales falling back the median sales price is declining even further from $1,067,500 last year to $775,000 this year. The pending sales are pushing forward however. This year there have been 20 enter escrow compared to 18 last year. But last year the median list price was $1,059,000 and this year it’s $795,000. The new listings are only 1 apart for the two years. For ’09 30 new listings came on the market with a median list price of $850,000 compared to last year when there were 29 with a median list price of $1,045,000. Right now there are 86 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $949,000.

For the condo market the sales figures show us 4sales for the period with a median sales price of $564,900. Last year there were also 4 sales with a median sales price of $508,750. The pending numbers are also rather close together with 4 posted this year compared to 5 last year but last year the median list price for those condos was $519,000 and this year that number is $450,000. The new listings are very far apart however. Last year 20 condos had come on with a median list price of $698,000 and this year only 3 came on with a median list price of $479,000. Currently there are 46 condos available for purchase on the West Side of Santa Barbara Real Estate.

Posted by gandlwoods at May 6, 2009 09:05 AM