For the Santa Barbara Real Estate area of East of State St for the first 2 months of ’10 the numbers of sales is almost double what it was last year. In ’09 there were 17 sales to this and currently there are 32. But the median sales price has declined from $970,000 in ’09 to $832,000 in ’10 with the average sales price falling from $1,032 last year to $957,851 this year. There are fewer new listings this year going from 77 in ’09 to 60 in ’10 but the escrows are up from 21 to 31. The median list price on those escrows however is down from $1.15 million to $925,000. Currently there are 97 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.45 million and an average list price of about $1.8 million.
For Santa Barbara Real Estate area of East of State St for the first two months of ’10 in the condo market there have been 11 sales this year compared to 5 last year but while the numbers of sales more than doubled the median sales price has fallen by about half from $625,000 down to $323,500. The average sales price has also declined from about $660,000 to approximately $415,000. New listings are way down dropping from 31 in ’09 to 20 in ’10 but escrows are up from 7 to 9. The median list price on the escrows is down from about $600,000 to $435,000. Right now there are just 38 condos available for purchase on the East Side of Santa Barbara with a median list price of $675,000 and an average list price of over $850,000.