March 19, 2012

Santa Barbara Real Estate Days on the Market for East of State 1/1/12 to 3/15/12 compared to last year

For the East of State St for Santa Barbara Real Estate from January 1, 2012 to March 15, 2012 there have been 52 sales compared to 31 last year. The median sales price has fallen from $950,000 last year to $802,500. The average sales price has also gone down from $1,155,983 last year to $888,792 this year. Those 52 sales took on average 80 days to get an accepted offer and when you add in another 55 days of average escrow time you can an average total marketing time of 135 days.

For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 12 sales compared to 6 last year. The median sales price has gone up from $414,750 last year to $499,500 this year. The average sales price has also gone up from $499,750 last year to $666,000 this year. Those 12 sales took on average 145 days to get an accepted offer and when you add in another 46 days of average escrow period you get a total average marketing time of 191 days.

Posted by gandlwoods at March 19, 2012 05:50 AM