For the West of State St area of Santa Barbara Real Estate for the first 6 months there have been 74 Home Estate/PUD sales compared to 72 at this time last year. The West Side is been ahead of the numbers of sales for most of the year and the trend should continue because last year to this point there were 83 escrows opened compared to 91 this year. But the median sales price has fallen for the area by about 25% with the median list price for properties entering escrow down about 22%. There are only 77 properties currently available on the West Side of Santa Barbara with a median list price of $1,049,000.
For the West of State are of Santa Barbara Real Estate for the first six months in the condo market there have been 27 sales compared to 24 last year and 40 escrows opened this year compared to 30 last year. This 13% rise in the numbers of sales and 33% rise in the numbers of escrows should continue to push sales forward for the next few months. Unlike the other districts in town the median sales price has fallen only $35,000 down to the current $525,000 level with the median list price of pending properties declining a greater distance from about $600,000 to the current approximately $520,000 level. Right now there are only 47 condos available on the West Side of Santa Barbara with a median list price of just under $600,000.