For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/13to 2/18/13 there have been 20 sales compared to 10 last year. The median sales price has gone up from $574,125 last year to $669,500 this year and the average sales price has gone up from $637,385 last year to $821,225 this year. Those 20 sales took on average 45 days to get an accepted offer and when you add in another 55 days of escrow time you get an average total marketing time of 100 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 12 sales compared to 10 last year but the median sales price has fallen from $457,500 to $402,000. The average sales price has also gone down from $455,100 to $431,233, Those 12 sales took 40 days on average to get an accepted offer and when you add in another 62 days of escrow time you get a total marketing time of 102 days.
Posted by gandlwoods at February 28, 2013 06:34 AM