From 1/1/13to 2/18/13 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 22 sales compared to 29 last year. The median sales price has come up from $807,500 last year to $911,000 this year while the average sales price went up from $881,172 last year to $986,925. Those 22 sales took on average 29 days to get an accepted offer and when you add in another 41 days of average escrow time you get a total marketing time of 70 days.
For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 8 sales this year compared to 3 last year. The median sales price has gone up from $365,000 last year to $474,250 this year and the average sales price has also gone up from $450,333 to $549,752. Those 8 sales took on average 86 days to get an accepted and when you add in another 137 days of average escrow time you get an average of 223 days of total marketing time.