For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for ’09 through July 9 we’ve had 80 sales compared to 81 last year. But while the numbers of sales has remained basically constant the median sales price has dipped from $1.175 million in ’08 to $910,000 in ’09. The good news is that it took about week less time to get an accepted offer with the average days on the market for ’09 showing up at 84 but when you tack on another 47 days of escrow time you get a total marketing time of 131 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there have been 30 sales compared to only 26 in ’08. But just like with Home Estates the median sales price has slid from $704,500 last year to $511,000 this year. With the drop in median sales price the days on the market has also dropped from 100 in ’08 to 60 in ’09. But when you add in the 40 average days of escrow time the total marketing time comes to 100 days.
Posted by gandlwoods at July 14, 2009 07:56 AM