For the Santa Barbara Real Estate area of East of State St for the first month of ’10 in the Single Family Home market 17 homes closed escrow with a median sales price of $839,000 and an average sales price of $862,397. In ’09 there were just 9 sales with a median sold price of $970,000 and an average sales price of just over $1 million. The pending numbers also look good this year with 15 open escrows with a median list price of $840,000 compared to ’09 when there were 8 pending properties with a median list price of about $1.5 million. Right now there are 100 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.4 million and an average list price of just under $1.8 million.
For the Santa Barbara Real Estate area of East of State St for the first month of ’10 in the Condo market 6 sales have occurred but the median sales price slid down to $307,500 with the average hovering around $420,000. In ’09 there were just 3 sales but the median sales price was $850,000 with the average showing up at $736,000. This year there are 3 open escrows with a median list price of $435,000 while last year there were 4 open escrows with a median list price of $639,000. Right now there are just 34 Condos available for purchase on the East Side of Santa Barbara with a median list price of $650,000 and an average list price of $821,615.