For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through November 18 ’09 is almost exactly where it was last year at this time as are the number of new listings. With the inventory stable the escrows are up 17% but the sales are down by 5%. The overall sales volume has declined by 15% in ’09 but the average sales price has fallen by only 8% down to about $645,000.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through November 18 ’09 are up by 6% with the numbers of new listings up by 12%. Outpacing the numbers of new listings are the numbers of escrows, which are up by 29% for 09, but the sales are up only 7% currently. With the sales up the overall sales volume is down by 13% with the average sales price declining by 19% to about $1.06 million.
For the PUD market on the East Side of Santa Barbara there have been 8 total listings through November 18 ’09 compared to 12 last year but the numbers of new listings is even at 7 for both year. There has been 1 less escrow opened this year but both years saw 3 sales to this point. The overall sold volume is down by 4% and the average sales price is down by 4% to $911,667.