Through the first 10 months of ’09 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate there have been 165 sales compared to last year when there were 147. But last year the median sales price was $1.15 million and now its $900,000. The average sales price shows an even bigger bulge with the ’08 number of $1.35 million and the ’09 number of $1.953 million. The numbers of homes that went into escrow for ’09 stands at 196 while the ’08 number was 151. But the median list price last year was just under $1.2 million and this year it has been just under $900,000. Currently there are 129 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.4 million and an average list price of about $1.75 million.
For the condo market on the East Side of Santa Barbara Real Estate in ’09 there have been 49 sales this year with a median sales price of $529,900 and last year there were 47 sales with a median sales price of $614,000. Through the 1st 10 months of ’09 58 escrows have been opened with a median list price of $525,000 and last year 47 escrows had been opened with a median list price of $625,000. Right now there are only 47 condos available for purchase on the East Side of Santa Barbara with a median list price of just under $700,000 and an average list price of about $825,000.