For the Santa Barbara Real Estate area West of State St for the first eight months of 09 for the Home Estate/PUD market the numbers of sales are up by 6 to the current number of 100 but the median sales price is down by $220,000 to the current number of $735,000. The sales price to original list price ratio is just below 90% so folks on the West Side are pricing their properties closer to the sales price but its still about 10% below what they would have liked to have gotten. The numbers of escrows opened this year is 9 ahead of where it was last year with 114 but the median list price for those escrows has fallen from $950,000 to $759,000. Right now there are 78 Home Estate/PUDs available for purchase with a median list price of $1.235 million and an average list price of $1.324 million.
For the Santa Barbara Real Estate area West of State St for the first eight months of 09 for the condo market sales are down by 4 to the current number of 39. The median sales price has also fallen from $583,500 to $505,000. The sales price to original list price ratio is in the mid 80s meaning that sellers settled for about 15% less than what they would have liked to have gotten. The numbers of escrows is 10 up from last years count standing at 55 currently with the median list price down from $559,000 last year to the current number of $515,000. Right now there are only 37 condos available for purchase on the West Side of Santa Barbara with a median list price of $729,000 and an average list price of about $908,000.
Posted by gandlwoods at September 11, 2009 06:05 AM