For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/13to 8/16/13 there have been 172 sales compared to 155 last year. The median sales price has gone up from $705,000 last year to $863,000 this year and the average sales price has gone up from $797,408 last year to $961,861 this year. Those 172 sales took on average 38 days to get an accepted offer and when you add in another 42 days of escrow time you get an average total marketing time of 80 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 70 sales compared to 57 last year but the median sales price has risen from $375,000 to $523,500. The average sales price has also gone up from $425,201 to $601,358, Those 70 sales took 36 days on average to get an accepted offer and when you add in another 41 days of escrow time you get a total marketing time of 77 days.
Posted by gandlwoods at August 21, 2013 05:54 AM