For the Santa Barbara Real Estate area West of State St for the first seven months of ’09 for the Home Estate/PUD market the numbers of sales is up from 84 last year to the current level of 90. But just like most of the other areas the median sales price has fallen rather dramatically from $973,750 last year to $747,000 right now. The pending numbers are easing closer together currently with 97 escrows opened last year compared to 103 this year but the gap between the median list prices remains with $959,000 last year and $759,000 currently. There are 87 Home Estate/PUDs available for purchase right now on the West Side of Santa Barbara with a median list price of $1.12 million and average list price of $1.29 million.
For the Santa Barbara Real Estatearea West of State St for the first seven months of ’09 for the condo market sales are exactly where they were at this time last year with 35 closed escrows. The median sales price however has gone from $575,000 in 08 to $505,000 this year. But it looks like the sales could start moving forward because the numbers of escrows went from 38 last year with a median list price of just under $600,000 to 45 pended properties with a median list price of just under $500,000. Right now there are 40 condos available on the West Side of Santa Barbara with a median list price of $639,000 and average list price of just under $800,000.