On the West Side of Santa Barbara Real Estate for the Home Estate/PUD market sales are up by 11% over 08 finishing the year at around 150 sold units. But with the sales up the median sales price is down by about 20% finishing the year at $750,000. The pending sales are up by 15% but again the median list price for those opened escrows is down by that pesky 20% to $759,000. Most of the areas in Santa Barbara just as most of the areas in the entire country have seen a decline in price by about 20% in their median sales price. Right now there are just 55 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1.2 million.
For the condo market on the West Side of Santa Barbara Real Estatesales are up 30% finishing the year just 80 closed units and unlike other areas the median sales price has declined only slightly from $525,000 in 08 to $503,000 for 09 for just a 4.2% drop. Escrows are up even farther from the previous year finishing 09 with just under a 40% rise. The median list price on those opened escrows is also close together showing up less than 4% below the 08 number. We ended the year with just 31 condos available for purchase on the West Side of Santa Barbara with a median list price of $729,000.
Posted by gandlwoods at January 8, 2010 08:56 AM