For the Santa Barbara Real Estatearea of West of State St area for the Home Estate/PUD market there have been 94 sales this year compared to 90 last year for a 4.4% increase. But the median sales price went from $956,250 down to $747,000.
Looking at the gap figures we see that for ’09 the median list price has been $1.175 million compared to the $747,000 median sold price for a 37% gap and in ’08 the gap was just 4.1% with a $997,000 median list price compared to a $956,250 median sold price.
For the Santa Barbara Real Estate West Side condo market there have been 36 sales so far this year compared to 39 at this time last year for a 7.7% decline. The median sales price has fallen from $583,055 to $504,000 for a 13.6% drop.
The gap however is almost exactly where it was last year with a 22% bulge. In ’09 the median list price has been $649,000 with a median sold price of $504,000 and in ’08 the median list price was $749,000 with a median sold price of $583,500.
Posted by gandlwoods at August 20, 2009 09:31 AM