For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs there were 8 sales compared to last year when there were 16 from May 5 to June 5 ‘09. The median sales dropped from $1.057 million to $752,500. The pending listings are way up this year from 14 in ’08 when the median list price was $999,000 to 23 this year with a median list price of $759,000. There are 25 new listings this year with a median list price of $949,000 compared to last year when there were 27 new listings with a median list price of $919,900. Right now there are 83 Home Estate/PUDs on the market on the West Side of Santa Barbara with a median list price of $1.145 million and an average list price of $1.267 million.
For the condo market the sales figures show us 3 sales for the period with a median sales price of $535,000. Last year there were 6 sales with a median sales price of $543,000. But the pending numbers are up this year to 11 with a median list price of $499,000 from last year when there were 7 pending properties with a median list price of $625,000. For ’09 we’ve seen 17 new condo listings with a median list price of $515,000 compared to last year when there were 16 new condo listings with a median list price of $599,000. Right now there are 53 condos available for purchase on the West Side of Santa Barbara Real Estate with a median list price of $599,000 and an average list price of $768,513.