For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for ’09 through August 20 there have been 112 sales compared to 102 in ’08 but the median sales price has declined from $1.125 million down to $928,500 this year. The average has also slid from $1.324 million in ’08 to $1.051 million this year. The average days on the market to achieve those 112 sales is 81 with the added average escrow time of 45 days bringing to a total of 126 days of total marketing time.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there have been 35 sales compared to 32 last year with the median sales price sliding from $662,000 down to $517,000 currently. The average sales price has gone from just under $800,000 down to $620,000. For those 35 sales it took on average just 61 days to get an accepted offer with an added 39 days of escrow time for a total of 100 days of total marketing time.
Posted by gandlwoods at August 26, 2009 09:25 AM