For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for January 1 ‘10 to February 12 ’10 there were 25 sales compared to ’09 when there were 11. But the median sales price dropped from $970,000 last year to $839,000 this year with the average sales dropping from $1,030,272 last year to $961,650 this year. Those 25 sales this year had on average 111 days before an accepted offer was received and when you add in another 50 days of average escrow time you get a total of 161 days of total marketing time.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 8 sales this year compared to 3 last year. But the median sales price plummeted from $850,000 in ’09 to $316,750 in ’10. The average sales price also fell from $736,000 in ’09 to $411,062 in ’10. Those 8 sales this year took on average 66 days to get an accepted offer then another 72 days of escrow time for a total 138 days of total marketing time.
Santa Barbara Real Estate Statistics
Posted by gandlwoods at February 19, 2010 08:33 AM