From 1/1/13to 10/4/13 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 224 sales compared to 197 last year. The median sales price has come up from $867,500 last year to $970,000 this year while the average sales price went up from $1,048,473 last year to $1,139,515. Those 224 sales took on average 37 days to get an accepted offer and when you add in another 43 days of average escrow time you get a total marketing time of 80 days.
For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 76 sales this year compared to 96 last year. The median sales price has gone up from $492,500 last year to $557,000 this year and the average sales price has also gone up from $569,928 to $643,457. Those 76 sales took on average 46 days to get an accepted and when you add in another 57 days of average escrow time you get an average of 103 days of total marketing time.