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Santa Barbara East Side Days on the market for 1-1-15 to 3-27-25 compared to the previous year

Submitted by Gary Woods on Sun, 04/05/2015 - 12:30

From 1-1-15 to 3-27-25 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 52 sales compared to 53 last year. The median sales price has come down from $1,225,000 last year to $1,192,500 this year while the average sales price went up from $1,361,468 last year to $1,463,321. Those 52 sales took on average 45 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 82 days.

For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 28 sales this year compared to 18 last year. The median sales price has gone up from $593,250 last year to $647,350 this year and the average sales price has also gone up from $700,583 to $837,596. Those 28 sales took on average 77 days to get an accepted and when you add in another 41 days of average escrow time you get an average of 118 days of total marketing time.