For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/13to 10/4/13 there have been 209 sales compared to 197 last year. The median sales price has gone up from $700,000 last year to $875,000 this year and the average sales price has gone up from $808,520 last year to $972,381 this year. Those 209 sales took on average 41 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 83 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 85 sales compared to 66 last year but the median sales price has risen from $375,000 to $550,000. The average sales price has also gone up from $425,512 to $609,918, Those 85 sales took 33 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 74 days.
Posted by gandlwoods at October 11, 2013 06:22 AM