From 1/1/14 to 8/3/14 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 159 sales compared to 178 last year. The median sales price has come up from $962,500 last year to $1,225,000 this year while the average sales price went up from $1,124,171 last year to $1,415,448. Those 159 sales took on average 47 days to get an accepted offer and when you add in another 37 days of average escrow time you get a total marketing time of 84 days.
For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 53 sales this year compared to 53 last year. The median sales price has gone down from $562,000 last year to $625,000 this year and the average sales price has also gone up from $653,654 to $783,826. Those 53 sales took on average 66 days to get an accepted and when you add in another 33 days of average escrow time you get an average of 99 days of total marketing time.