For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of December 8,’09 to January 8 ’10 there were 7 sales compared to 10 the previous year. But the median sales price went from $877,500 with a $912,950 average sales price last year to a $700,000 median and a $675,700 average sales price. Those 7 sales took on average 115 days to get an accepted offer and when you add in 75 average days of escrow time you get a total average marketing time of 190 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there 5 sales in both year but interestingly enough the median sales price went from $390,000 in the previous year to $500,000 this year and the average sales price rose even further from $450,900 last year to $639,000 this year. Those 5 sales this year took on average 124 days to get an accepted offer and on average another 31 days of escrow time for a total marketing time of 155 days.
Posted by gandlwoods at January 15, 2010 07:11 AM