For the East of State St area of Santa Barbara Real Estate through Oct 12 there are 136 Home Estate/PUDs available for purchase with an average list price of about $1.7 million. The highest priced listing in the area is on the market for $12.75 million while the least expensive home is listed at $380,000. All those numbers gives us a median list price of $1.35 million.
With all those listings there are 45 homes in escrow with an average list price of about $930,000. The highest priced home in escrow lists for just under $3 million with the least expensive property listed at $308,900. The median list price for homes in escrow currently just under $800,000
Through Oct 12 there have been 157 sales with an average sales price of about $1.05 million. The highest priced sales closed escrow at $3.295 million with the lowest priced sales being rung up at $312,000. With that huge disparity the median sales price for the East Side so far in ’09 is $920,000.
The condo market for the East Side of Santa Barbara Real Estate through Oct 12 shows us 46 available properties with an average list price of about $807,000. The highest priced listing is on the market for $2.8 million with the lowest priced listing available for $309,000. The median list price for the area is just under $700,000.
There are 12 condos in escrow right now with an average list price of about $540,000. The most expensive condo that has started the buying process is listed at just under $1 million with the lowest priced listings on the market for $325,000. The median price of those 12 condos in escrow is $450,000.
This year through the middle of October there have been 46 completed sales with an average sales price of about $640,000. Topping the charts was a sale for $1.875 million while at the other end of the scale was a one that sold for $365,000. When you put all that together you get a median sales price for the year of $521,000.