For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for ’09 through November 11 there have been 170 sales compared to 147 last year at this time. But during that same time period the median sales price went from $1.15 million down to $900,000 with the average sales price sliding from $1.35 million to $1.05 million. Those 170 sales took on average 83 days to get an accepted offer and when you add in another 44 days of escrow time you get a total marketing time of 127 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there have been 49 sales this year compared to 48 sales last year. During that same time period the median sales price went from just under $600,000 to about $530,000 with the average sales price falling from approximately $705,000 in ’08 to about $640,000 in ’09. Those 49 sales this year took on average 60 days to get an accepted offer and when you add in another 39 days of escrow time you get on average 99 days of total marketing time.
Posted by gandlwoods at November 16, 2009 07:58 AM