For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs for the period of Nov. 25 to Dec. 25 there were 10 sales this year and 8 sales last year. The median sales price in ’09 was $739,950 and the average sales price was $757,980. Last year the median sales price was $850,000 and the average was just over $840,000. For the same time period there were 9 escrows opened this year with a median list price of $725,000 and last year there were 6 escrows opened with a median list price of just under $1 million. For ’09 there were 13 new listings with a median list price of $745,000 and last year there were 17 new listings with a median list price of $750,000. Right now there are 59 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1.175 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 10 sales this year and 7 sales last year. But the median sales price this year was $520,000 this year and last year it was $415,000. The average sales price however was about $950,000 this year and last year it was about $415,000. There were 3 escrows opened this year with a median list price of about $545,000 and last year there were 4 escrows opened with a median list price of about $470,000. During that same time period 4 new condo listings showed up this year with a median list price of about $699,000 and last year there were 3 new listings with a median list price of about $450,000. Right now there are 31 condos available for purchase with a median list price of about $729,000.