Through the first 11 months of ’09 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate there have been 184 sales compared to last year when there were 156. But last year the median sales price was about $1.13 million and this year it has been just under $900,000. The average sales price has also slid from $1.35 million in ’08 to about $1.04 million in ’09. So far this year there have been 216 escrows opened with a median list price of just under $900,000 and last year there were 163 escrows opened with a median list price of just under $1.2 million. So far this year there have been 415 new listings with a median list price of $1.1 million compared to last year when there were 361 new listings with a median list price of $1.32 million. Right now there are 111 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of just under $1.4 million.
For the condo market on the East Side of Santa Barbara Real Estate in ’09 there have been 50 sales compared to 53 last year and the median sales price slid from $614,000 last year to $534,450 this year. The average sales price also dropped but from $712,950 in ’08 to $645,146 this year. The numbers of properties that went into escrow for ’09 has been 63 with a median list price of $525,000 and last year there were 52 escrows opened with a median list price of $619,000. So far in ’09 there have been 63 new listings with a median list price of $605,000 and last year there were 116 new listings with a median list price of $649,000. Right now there are just 46 condos available for purchase on the East Side of Santa Barbara with a median list price of $695,000.
Posted by gandlwoods at December 9, 2009 09:01 AM