For Santa Barbara Real Estate area of East of State St for the first 4 months for Home Estate/PUDs for 09 the numbers of sales remains roughly where it was in 08 but slightly behind the previous years pace. The gap between the median sales price of last year also remains about where its been all year currently residing about $250,000 below where it was last year when it was about $1.2 million. The good news however is that the numbers of pending listings is up for the year by about 25% but the median list price for those pending listings is about $300,000 below where we were last year. The sales price to original list price ratio is down below 80% for the year compared to about 88% last year. Currently there are 157 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.5 million and an average list price of $1.85 million.
For the Santa Barbara Real Estate area of East of State St for the first four months of 09 in the condo market sales remain sluggish with a little above half the number rung up for the same time period in 08. The median sales price remains about $160,000 below where it was last year when it stood at $719,000. But things may be looking up on the East Side because condos in escrow for 09 stands at 23 compared to 08 when that number was 17. The median list price for those escrows remains about $175,000 below the 08 number of $699,000 but more activity is always good. Right now there are 38 condos available for purchase on the East Side of Santa Barbara with a median list price of $679,000 and an average list price of about $800,000.