June 17, 2012

Santa Barbara Real Estate Days on the Market for East of State 1/1/a12 to 6/4/12 compared to last year

For the East of State St for Santa Barbara Real Estate from January 1, 2012 to June 4, 2012 there have been 122 sales compared to 82 last year. The median sales price has fallen from $911,250 last year to $837,500. The average sales price has also gone down from $1,042,492 last year to $956,367 this year. Those 122 sales took on average 68 days to get an accepted offer and when you add in another 52 days of average escrow time you can an average total marketing time of 120 days.

For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 38 sales compared to 14 last year. The median sales price has gone up from $435,000 last year to $459,495 this year. The average sales price has also gone up from $516,035 last year to $560,559 this year. Those 38 sales took on average 119 days to get an accepted offer and when you add in another 49 days of average escrow period you get a total average marketing time of 168 days.

Posted by gandlwoods at June 17, 2012 07:08 AM