For the Santa Barbara Real Estate area of West of State St for the first 4 months of ’09 for Home Estate/PUDs we’ve had 44 sales which are exactly what occurred in ’08. After being ahead of the previous year’s pace we’ve now drawn even. The median sale price has fallen back somewhat and now stands about $180,000 behind the ’08 number of $932,000. To amplify that difference we see that the sales price to original list price ratio has gone from 91.25% last year to 86.94% currently. The pending properties for ’09 are still ahead of the previous year by a ratio of 61 this year vs. 56 last year but we’ll have to see whether that impetus can be maintained. Currently there are 86 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $949,000 and an average list price of $1,173,524.
For the Santa Barbara Real Estate area of West of State St for the first four months of ’09 for the condo market there have been 13 sales compared to 16 last year. Those numbers have been edging closer together since starting off the year way behind. The median sales price is also rather close together with a $546,250 figure posted in ’08 compared to the current $525,000. As these numbers would indicate the sales price to original list price ratio is very close also with 91.39% showing up last year compared to 86.89% this year. Right now there are 51 condos available for purchase on the West Side of Santa Barbara with a median list price of $569,000 and an average list price of $826,543.
Posted by gandlwoods at May 15, 2009 08:47 AM