For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs for the period of July 27 to August 27 there were 13 sales with a median sales price of $777,000 compared to last year when there were also 13 sales but the median sales price Was $670,000. The average sales price also went going from $745,000 in ’09 to $1.1 million in ’10. In ’09 there were 13 opened escrows with a median list price of $710,000 and this year there were 15 opened escrows with a median list price of $739,000. Right now there are 103 Home Estate/PUDs available for purchase with a median list price of $970,000 and an average list price of $1.27 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 5 sales this year with a median sales price of $430,000 and an average sales price of $450,000. Last year there were also 5 sales with a median sales price of $450,000 and an average sales price of $540,000. There were 7 opened escrows this year with a median list price of $500,000 and last year there were 12 opened escrows with a median list price of $549,000 and an average list price of $500,000. Right now there are 40 condos available for purchase with a median list price of $575,000 and an average list price of $785,000.