You are here

East of State St area of Santa Barbara Real Estate Real Estate for 1/1/15 to 3/21/15 and the Gap between Median Sales and Median List Prices

Submitted by Gary Woods on Sun, 03/29/2015 - 12:30

For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through 3/21/15 there have been 45 sales compared to last year when there were 48 sales for an -6.3% drop. The median sales price has gone up however from $1,221,000 last year to $1,200,000 this year for a 1.7% decline.

The gap between the median list price of $1.675 million and the median sold price of $1,200,000 gives us a -28.4% gap whereas last year the median list price was also $1,695,000 and when compared to the median sold price of $1,221,000 we get a

-28.0% gap.

On the condo side of the ledger for the East Side of Santa Barbara Real Estate through 3/21/15 there have been 23 sales compared to 16 last year for 43.8% rise but the median sales price has gone down from $629,000 last year to $630,000 this year for a 0.2% rise.

The difference between the median list price of $769,250 and the median sold price of $630,000 gives us a -18.1% gap. Whereas last year the median list price of $852,000 and the median sold price of $629,000 gave us a -26.2% gap.