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Santa Barbara East Side Days on the market for 1-1-14 to 12-24-14 compared to the previous year

Submitted by Gary Woods on Thu, 01/01/2015 - 13:30

From 1-1-14 to 12-24-14 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 266 sales compared to 285 last year. The median sales price has come up from $987,000 last year to $1,189,500 this year while the average sales price went up from $1,137,846 last year to $1,374,7547. Those 266 sales took on average 50 days to get an accepted offer and when you add in another 35 days of average escrow time you get a total marketing time of 85 days.

For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 83 sales this year compared to 90 last year. The median sales price has gone down from $560,500 last year to $640,000 this year and the average sales price has also gone up from $639,111 to $763,523. Those 83 sales took on average 61 days to get an accepted and when you add in another 36 days of average escrow time you get an average of 96 days of total marketing time.