Through the first 9 months of ’09 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estatethe numbers of sales is above the previous year by 7 currently residing at 139. The median sales price dipped from $1.125 million last year to $900,000 this year with the average falling from $1.328 million to $1.03 million. The escrows are even farther ahead with 133 posted last year compared to 166 this year. But the median list price for those 166 is just under $900,000 compared to last year when it was $1.175 million. The sales price to original list price ratio slid from 88% in ’08 down to 84% in ’09. Currently there are about 150 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.3 million and an average list price of $1.67 million. The average day on the market for those properties is 118.
For the condo market on the East Side of Santa Barbara Real Estatein ’09 there have been 42 sales compared to 41 last year. But the median sales price went from $629,000 in ’08 down to $529,500 in ’09. The average sales price is also about $100,000 apart with $742,000 posted last year and $642,000 posted this year. The numbers of escrows is up from 43 last year to 54 currently with the median list price going down from $625,000 last year to about $530,000 this year. The sales price to original list price ratio declined only slightly from 91% in ’08 to 89% in ’09. Right now there are 48 Condos available for purchase on the East Side of Santa Barbara with a median list price of $650,000 and an average list price of $824,000. The average day on the market for those 48 condos is 126.