July 28, 2014

East of State St area of Santa Barbara Real Estate Real Estate for 1/1/2014 to 7/18/14 and the Gap between Median Sales and Median List Prices

For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through 7/18/14 there have been 149 sales compared to last year when there were 157 sales for a 5.1% drop. The median sales price has gone up however from $965,000 last year to $1,225,000 this year for a 26.9% rise.

The gap between the median list price of $1.5 million and the median sold price of $1,225,000 gives us a -18.3% gap whereas last year the median list price was also $1,380,000 and when compared to the median sold price of $965,000 we get a
-430.1% gap.

On the condo side of the ledger for the East Side of Santa Barbara Real Estate through 7/18/14 there have been 47 sales compared to 46 last year for 2.2% rise and the median sales price has gone up from $544,900 last year to $640,000 this year for a 17.5% rise.

The difference between the median list price of $839,000 and the median sold price of $640,000 gives us a -23.7% gap. Whereas last year the median list price of $840,000 and the median sold price of $544,900 gave us a -35.1% gap.


Posted by gandlwoods at July 28, 2014 06:34 AM