For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/09 to 11/11/09 there have been 131 sales compared to 125 sales last year. The median sales price has declined from $920,000 to $759,000 this with the average sales price dropping from $1.04 million in ’08 to about $840,000 this year. For those 131 sales the average time it took to get an accepted offer was 65 days and when you add in 43 days of average escrow time you get an average marketing time of 108 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 64 sales compared to 53 last year. The median sales price went down from $565,000 in ’08 to $504,000 in ’09 with the average sales price dropping from about $635,000 down to $570,000. The average time it took to get an accepted offer on those 64 sales was 93 days and when you add in another 46 average days of escrow time you get a total marketing time on average of 139 days.
Posted by gandlwoods at November 17, 2009 07:44 AM