For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through October 9th there have been 148 sales compared to 135 last year. This is an increase of about 10%. But the median sales price has fallen from $1.15 million in ’08 to $893,000 in ’09 for a 22.3% decline.
The gap between the median list price of $1.349 million and the median sales price of about $900,000 is 34% compared to last year the gape was 22.7% with a $1.5 million median list price and a $1.5 million median sold price.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through October 9th there have been 46 sales this year compared to 41 last year for a 12% rise. But the median sales price went from $629,000 last year to $525,450 this year for a 17% drop.
The gap for ’09 of the median list price of $709,000 and the median sales price of $525,450 is 26% which compares to last year when the gap was just 10% with a median list price of $700,000 and a median sold price of $629,000.
Posted by gandlwoods at December 16, 2009 08:56 AM