For the East of State St area of Santa Barbara Real Estate for the first 5 months for Home Estate/PUDs for ’09 we’ve finally drawn even to the numbers of sales last year when there were 61. But to get those sales the median sales price has dropped about $180,000 to $920,000. Also to get those sales the numbers of new listings has surged from 180 in ‘08 to 212 in ’09 with the median list price falling from $1.38 million to about $1.2 million this year. The sales should continue to go up because we’ve had 82 pending listings this year compared to 71 last year but the median list price for those pending listings has fallen by about $300,000 to $900,000. There are currently 161 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.42 million.
For East of State St are for Santa Barbara Real Estate of for the first five months of ’09 in the condo market we’ve had 18 sales compared to 19 last year. This number lagged dramatically most of the year so we’ve come a long way back. But to get those sales the median sales price is down by about $130,000 to $528,000. The inventory is up slightly for the East Side with the median list price falling by about $50,000 down to $605,000. The pending listings up are this year which means we should start pushing forward in the numbers of sales but the median list price is down by about $175,000 to $525,000. Right now there are just 40 condos available for purchase on the East Side of Santa Barbara with a median list price of $675,000.
Posted by gandlwoods at June 6, 2009 09:09 AM