For the Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market there have been 105 sales through September 15th compared to 101 last year at this time for a 4% rise. But to achieve those sales the median sales price went down 12.3% to $735,000.
Looking at the gap figures we see that for ’09 the median list price $1.15 million which gives us a 36% difference when compared to that $735,000 median sold price. In ’08 the gap was just 6% with a $1.01 million median list price compared to a $949,000 median sold price.
For the Santa Barbara Real Estate West Side condo market there have been 46 sales so far this year compared to 45 at this time last year for a 2.2% rise. But to get that rise in sales the median sales price came down 12.3% to the current level of $504,000
The gap for ’09 between median sales price and median list price is 18% with a $615,000 median list price and a $504,000 median sold price. In ’08 the gap was wider standing at 27% with a $785,000 median list price compared to a $575,000 median sold price.
Posted by gandlwoods at September 25, 2009 08:58 AM