For the Santa Barbara Real Estate area of West of State St for the Home Estate/PUD market for the first 2 months of ’10 sales are down from the same period in ’09 dropping from 21 to 16. The median sales price has also declined from $870,000 to about $740,000 with the average falling from over $1 million to about $880,000. The numbers of new listings is exactly the same for both years but the escrows have fallen from 28 to 25. But the median list price of those 25 escrows is exactly where it was last year coming in at $749,000. Right now there are 60 Home Estate/PUDs available for purchase on the West Side with a median list price of $940,000 and an average list price of about $1.4 million.
For the Santa Barbara Real Estate of West of State St for the first two months of ’10 in the condo market sales are up from 6 to 8 but the median sales price is down from $522,500 to $455,500. The average sales price is also down from $567,333 but the numbers of new listings has risen from 20 to 25. The pending listings are also up from just 6 last year to 15 this year but the median list price on those escrows is down from about $550,000 in ’09 to just under $500,000 this year. Right now there are just 43 condos available for purchase on the West Side of Santa Barbara with a median list price of about $580,000 and an average list price of about $810,000.