From 1/1/13to 8/16/13 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 187 sales compared to 199 last year. The median sales price has come up from $865,000 last year to $965,000 this year while the average sales price went up from $1,056,020 last year to $1,127,262. Those 187 sales took on average 37 days to get an accepted offer and when you add in another 42 days of average escrow time you get a total marketing time of 79 days.
For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 59 sales this year compared to 78 last year. The median sales price has gone up from $507,212 last year to $579,500 this year and the average sales price has also gone up from $585,604 to $659,515. Those 59 sales took on average 51 days to get an accepted and when you add in another 66 days of average escrow time you get an average of 117 days of total marketing time.