For the Santa Barbara Real Estatearea of West of State St area for the Home Estate/PUD market through October 9th there have been 115 sales which is exactly the same number there were last year. The median sales price has dropped from $935,000 in ’08 to the current number of $735,000 for a 21% decline.
The gap between the median list price of $1.15 million and the median sold price is $735,000 for a 36% bulge. This compares to last year when the median list price was $1.039 million and a $935,000 median sold price gives us a 10% gap.
For the Santa Barbara Real EstateWest Side condo market there have been 53 sales in ’09 compared to 47 last year for a 13% rise. The median sales price has dropped from $575,000 last year to $515,000 this year for a 10% drop.
The gape of the median list price of $649,000 compared to the median sold price of $515,000 gives us a 20% differential. This compares to last year when there was a 25% gape with a $769,000 median list price and a $575,000 median sales price.
Posted by gandlwoods at October 17, 2009 07:21 AM