For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs for the period of June 22 to July 22 there were 19 sales this year compared to 14 last year. But the median sales price fell this year to $700,000 from $721,000 last year with the average sales price rising however from $765,000 last year to $853,000 this year. The numbers of escrows grew enormously this year from 8 in ’09 with a median list price of $849,000 to 24 opened escrows with a median list price of $775,000 in ’10. Right now there are about 100 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $989,000 and an average list price of $1.26 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 3 sales this year with a median sales price of $539,000 and an average sales price of $756,000 compared to last year when there were 10 sales with a median sales price of about $495,000 and an average sales price of $560,000. This year there were 6 opened escrows with a median list price of $487,500 and last year there were 3 opened escrows with a median list price of $419,000. Right now there are 53 condos available for purchase with a median list price of $525,000 and an average list price of $750,000.