For the Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market there have been 62 sales this year compared to 65 last year. This is a drop of about 5%. But last year the median sales price was $1 million and this year it’s $776,050 for a drop of 22.4%.
Looking at the gap figures we see that for ’09 the median list price is $1.14 million with a median sales price of $776,050 giving us a -31.9% gap and last year the median list price was $995,000 with a median sold price of $1 million giving us a positive gap of +0.5%.
For the Santa Barbara Real Estate West Side condo market there have been 20 sales this year compared to 22 last year which gives us a drop of only 5.3%. The median sales figures are also pretty darn close together with last year showing us a $546,250 median and this year giving us a $517,500. All this gives us a drop of about 9.1% in the median sales figures.
Posted by gandlwoods at June 23, 2009 07:41 AM