The Condo market for the West of State St area of Santa Barbara Real Estate the total numbers of listings through January 16 this year is 39 compared to 60 in ’09 and there have been only 3 new listings this year compared to 5 last year. But there have been 2 open escrows this year compared to 0 in ’09 with 1 sale in ’09 and 0 this year. That 1 sale last year was for $520,000.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through January 16 ’10 is 63 compared to 109 last year and new listings are down from 18 in ’09 to 9 in ’10. Escrows are also down by half falling from 8 last year to 4 this year and sales have dropped from 6 to 2. The average sales price however has risen from $1,012,583 to $1,264,500.
The PUD market for the Santa Barbara area of West of State St there were 0 listings last year but 2 this year but both years have seen no new listings, no escrows and no sales.