On the West Side of Santa Barbara Real Estatefor the Home Estate/PUD market there have been 112 sales through the 1st 9 months of ’09 compared to 109 in ’08 but the median sales price has fallen about $200,000 down to $732,500. The average sales price is down even further from $1.058 million to $823,000. The escrows are up however from 116 in ’08 with a median list price of $949,000 to 129 in ’09 with a median list price of $759,000. The sales price to original list price ratio was very close together dropping only 1% point down to 89%. Right now there are 76 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1.149 million and an average list price of $1.33 million. The average day on the market for those 76 homes is 124.
For the condo market on the West Side of Santa Barbara Real Estatethe sales are up from 47 last year to 52 this year. The median sales price is down however from $575,000 to $510,000. The average sales price is even further apart dropping from $654,000 to $584,000. The sales price to original list price ratio declined only 4 points down to 85% but the numbers of escrows went from 49 to 67 with the median list price falling from $550,000 to just under $500,000. Right now there are only 38 condos available for purchase on the West Side of Santa Barbara with a median list price of about $680,000 and an average list price of $895,000. The average day on the market for those 38 condos is about 190.