For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 19 sales from Oct. 27 to Nov. 27 ’09 with a median sales price of $725,000 and an average sales price of about $950,000. Last year there were 18 sales but the median sales price was about $1.24 million and the average sales price was about $1.5 million. During that time period 26 escrows opened this year with a median list price of about $900,000 and last year 14 escrows opened with a median list price of $1.32 million. For the same time period 30 new listings came on the market in ’09 with a median list price of about $1.1 million and in ’08 there were 24 new listings with a median list price of about $1.1 million Right now there are 112 Home Estate/PUD listings on the East Side of Santa Barbara with a median list price of about $1.4 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year 1 sale for $984,000 occurred and in ’08 there were 8 sales with a median sales price of $605,000 and an average sales price of $678,312. During that same time period 6 condos went into escrow this year with a median list price of $405,900 and last year 5 condos went into escrow with a median list price of about $460,000. Also during that same time period 4 new condo listings showed up in ’09 with a median list price of $429,000 and last year 4 new listings showed up with a median list price of $539,000. Right now there are 47 condos for sale on the East Side of Santa Barbara with a median list price of just under $700,000.