On the West Side of Santa Barbara Real Estate for the Home Estate/PUD market there have been 142 sales through November ’09 compared to 127 through November ’08. But the median sales price has dropped from $920,000 last year to $750,000 this year. The average sales price has come down even further from $1.04 million last year to just under $830,000 this year. The numbers of escrows opened so far in ’09 has been 152 with a median list price of $780,000 and last year there were 134 escrows opened with a median list price of just under $950,000. So far this year there have been 248 new listings with a median list price of $895,000 and last year there were 274 new listings with a median list price of about $960,000. Right now there are just 63 Home Estate/PUDs for sale on the West Side of Santa Barbara with a median list price of $1.175 million.
For the condo market on the West Side of Santa Barbara Real Estate there have been 71 sales this year compared to 56 last year. But the median sales price has dipped from $540,000 last year to $505,000 this year. The average sales price has also slid from $622,864 in ’08 to just under $600,000 in ’09. Through November of ’09 there have been 82 escrows opened with a median list price of $515,000 and last year there were 57 escrows opened with a median list price of $535,000. So far this year there have been 120 new listings on the West Side with a median list price of $515,000 and in ’08 there were 160 new listings with a median list price of just under $600,000. Right now on the West Side of Santa Barbara there are just 30 condos available for purchase with a median list price of just under $700,000.
Posted by gandlwoods at December 10, 2009 07:21 AM