For the West of State St area of Santa Barbara Real Estate for the first 5 months of ’09 for Home Estate/PUDs we’ve had 55 sales compared to 58 last year. For most of the year sales have been ahead of the pace set last year but now we’ve fallen slightly behind. The median sales price has fallen about $125,000 down to $775,000 and the numbers of new listings has fallen by 9 down to 127 with a median list price of $895,000. The pending sales are up however so the numbers of sales may surge past the ’08 figures but the median list price for those sales is down by about $275,000 to $775,000. Right now there are 90 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1,079,000.
For the West of State are of Santa Barbara Real Estate for the first five months of ’09 for the condo market we’ve seen 19 sales compared to 20 last year. For most of the year condo sales have lagged significantly for the area so drawing close is good news. The median sales price for the area is actually above where it was last year by about $5,000 and shows up at $520,000. The sales figures are particularly interesting because the numbers of new listings is down by 27 to a total of 56 for ’09 with the median list price showing u at $539,000. The pending listings are way ahead of last year’s pace so the surge in sales should continue with the median listing for those pended listings just $10,000 below the ’08 pace. Right now there are 50 condos available for purchase on the West Side of Santa Barbara with a median list price of $569,000.
Posted by gandlwoods at June 7, 2009 07:21 AM