For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market there have been 124 sales through September 15th which is 1 more than occurred at this time last year. But the median sales price has dropped 18% from the previous year down to $900,000 for the area.
The gap for ’09 is about 32% with a median list price of $1.325 million compared to that almost $900,000 median sales price. Last year the gap was 27% with a median list price of $1.5 million compared to a median sold price of $1.1 million.
For condos on the East Side of Santa Barbara Real Estate there have 39 sales through September ’09 compared to 35 for ’08 for a 12% rise. But the median sales price slid from $649,000 last year to $520,000 this year for a 20% decline.
The gap for ’09 is 31% with a $749,000 median list price vs. a $520,000 median sold price and in ’08 the gap was just 7.2% with a $699,000 median list price compared to a $649,000 median sold price.