For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/09 to 7/7/09 there have been 77 sales compared to 74 last year. To get that increase in the numbers of sales required a drop in the median sales price from $1 million down to $759,000. With the decrease in the median sales price the days on the market also declined from 95 in ’08 down to 67 for ’09. But when you add in the 43 average escrow days you come up with a total marketing time of 110.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 30 sales compared to 25 last year at this time. The rise in the numbers of sales saw a rise in the median sales price from $575,000 in ’08 to the current $517,500 for ’09. The decline in the median sales price brought a rise in the days on the market from 74 last year to 108 this year and when you add in the 31 average days of escrow time you get a total marketing time of 139.
Posted by gandlwoods at July 15, 2009 07:56 AM