For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market there have been 107 sales through August 14 of ‘9 compared to 101 in ’08 for a 6% rise. But the median sales price slid from $1.15 million in ’08 to the current $920,000 for a 20% decline.
The gap for ’09 is about 32% with a median list price of $1.349 million compared to the $920,000 median sold price and in ’08 it was 24% with a $1.5 median list price compared to a $1.15 median sold price.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate there have 34 sales through August 14 ’09 compared to 32 for ’08 for a 6.3% rise. But the median sales price slid from $662,000 down to $513,500 for a 22.4% decline
The gape for ’09 has widened out to 28% with a $710,000 median list price compared to the $513,500 median sold price and in ’08 the gap was just 3.4% with a $685,000 median list price compared to a $662,000 median sold price.