For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/09 to 8/20/09 there have been 96 sales compared to 90 last year. But the median sales price on those sales went from $956,250 in ’08 to $747,000 in ’09 with the average sales price sliding even further from $1.1 million down to about $833,000. The average days on the market for those 96 sales was 66 with an additional 45 days of escrow time for a total marketing time of 111 days on average.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 37 sales compared to 39 in ’08 but the median sales price has gone from $583,500 last year to $505,000 this year. The average sales price also fell from $680,000 last year to just under $600,000 this year. For those 37 sales the average days on the market were 101 with the added escrow time of 43 days for a total marketing time of 144 days on the market on average.
Posted by gandlwoods at August 27, 2009 09:13 AM