For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 14 sales from May 5 to June 5 ‘09 compared to 13 last year for this time period. Interestingly enough the median sales price for each year is just as close as the numbers of sales. This year the median price was $946,000 and last year it was $950,000. The numbers of opened escrows is also very close with 18 opened this year with a median list price of $869,000 and last year there were 16 opened with a median list price of $1.2 million. The listings are starting to slow for the East Side also where we see 40 new listings for the period with a median list price of $1.15 million and last year there 45 new listings with a median list price of $1.495 million. Right now there are 152 Home Estate/PUDs on the market on the East Side of Santa Barbara with a median list price of $1.395 million and an average list price of $1.785 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 10 sales for the period we’re talking about with a median sold price of $490,000 and last year there were only 4 sales with median sales price of $672,000. It looks like the trend will continue because there are currently 7 condos in escrow with a median list price of $765,000 compared to last year when there were only 4 open escrows with a median list price of $659,000. The inventory continues to shrink for East Side condos with 8 new listings with a median list price of $539,000 compared to last year when there were 10 new listings with a median list price of $543,500. Right now there are just 38 condos available on the East Side with a median list price of $639,000 and an average list price of $734,365.