For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for December 8 ’09 to January 8 ’10 there were 18 sales compared to 13 for the previous year. But in the previous year the median sales price was $1.25 million with a $1.37 million average and this year the median sales price was just about $850,000 and the average was approximately $990,000. For those 18 sales the average time it took to get an accepted offer was 116 days and the average escrow period was 47 days for a total of 163 total marketing days on average.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 9 sales this year and 4 sales the previous year. But the median sales price fell from $421,500 in the previous year down to $310,000 this year and the average also tumbled from $545,750 last year to $465,111 this year. For those 9 sales the average time it took to get an accepted offer was just 69 days but the average escrow time was 73 days for a total marketing time of 142 days on average.
Posted by gandlwoods at January 14, 2010 07:49 AM