From 12/6/12 to 1/6/13 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 24 sales compared to 30 last year. The median sales price has come up from $827,250 million last year to $882,500 this year while the average sales price went up from $1,059,191 last year to $1.191 million. Those 24 sales took on average 33 days to get an accepted offer and when you add in another 48 days of average escrow time you get a total marketing time of 81 days.
For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 82 sales this year compared to 7 last year. The median sales price has gone down from $500,000 last year to $294,400 this year and the average sales price has also gone down from $538,571 to $385,933. Those 82 sales took on average 13 days to get an accepted and when you add in another 35 days of average escrow time you get an average of 48 days of total marketing time.