For West of State St in Santa Barbara Real Estatefor Home Estate/PUDs for the period of January 1, ’10 to February 12, ‘10 there were 10 sales compared to 15 for ’09. The median sales price also fell from $860,000 last year to $718,750 this year. The average sales price also dropped from $948,533 in ’09 to $837,050 this year. Those 10 sales took on average 86 days to get an accepted offer with another 87 days of escrow time added in for a total of 173 days of total marketing time.
For Condominiums on the West Side of Santa Barbara Real Estatefor the same time period there were 4 sales in both years. The median sales price was also close dropping slightly from $496,000 in ’09 to $443,000 in ’10. The average sales price fell further from $579,750 last year to $487,125 this year. Those 4 sales this year took on average 69 days to get an accepted offer and when you add in another 72 days of escrow time the total marketing time comes out to 141 days.
Santa Barbara Real Estate Statistics