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Santa Barbara Real Estate for the first 4 Months of ’15 for West of State St

Submitted by Gary Woods on Wed, 05/13/2015 - 12:30

For the Santa Barbara Real Estate area of West of State St for the first 4 months of ’14 there were 65 sales and in ’15 there were 73 sales. The median sales price has fallen from $950,000 last year to $850,000 this year. The average sales price went up however from about $1,080,561 last year to $1,129,785 this year. The numbers of escrows shows a rise this year falling from 68 in ’14 to 86 in ’15 and the median list price on those escrows went up from $895,000 to $1,067,000 this year. Right now there are 29 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of about $1,395,000 and an average list price of just under $1.585 million.

For the Santa Barbara Real Estate area of West of State St for the first four months of ’15 there have been 31 sales compared to 29 last year with the median sales price falling from $649,000 last year to $605,000 this year. The average sales price also went down from $793,887 in ’14 to about $759,709 this year. The numbers of escrows is even going from 38 to 38 while the median list price on those escrows came down from $627,000 in ’14 to about $602,000 this year. Right now there are just 28 condos available for purchase on the West Side of Santa Barbara with a median list price of about $1,072,500 and an average list price of about $1,1,170,107.