The Condo market for the West of State St area of Santa Barbara Real Estate the total numbers of listings through November 18 ’09 is 11% below where it was last year and the numbers of new listings is down even further by 25%. But while the listings are down the escrows have risen by 34% and the sales are up 25%. With all that increased activity the overall sales volume is up by 14% but the average sales price has fallen by 8% to about $590,00.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through November 18 ’09 is down just 3% and the numbers of new listings has declined by 6%. With the listings down the escrows are up 14% and the numbers of sales are up 3%. But despite the increased numbers of sales the overall sold volume is down by 16% and the average sales price is down 19% to about $845,000.
The PUD market for the Santa Barbara area of West of State St there were 8 listings through November 18 ’09 which is up by 1 from last year and the also have been 8 new listings which is up by 3 from last year. The escrows are exactly the same for both years with 6 with the sales down by 1 to 5. With the sales only down by 1, the overall sold volume has declined by 44% with the average sales price down by 33% to $628,620.