For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/14 to 8/3/14 there have been 128 sales compared to 162 last year. The median sales price has gone up from $860,500 last year to $909,000 this year and the average sales price has gone up from $953,671 last year to $1,042,086 this year. Those 128 sales took on average 32 days to get an accepted offer and when you add in another 33 days of escrow time you get an average total marketing time of 65 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 61 sales compared to 68 last year but the median sales price has risen from $520,000 to $620,500. The average sales price has also gone up from $598,045 to $760,961, Those 61 sales took 45 days on average to get an accepted offer and when you add in another 45 days of escrow time you get a total marketing time of 90 days.
Posted by gandlwoods at August 12, 2014 06:31 AM