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East of State St area of Santa Barbara Real Estate Real Estate for 1/1/15 to 5/10/15 and the Gap between Median Sales and Median List Prices

Submitted by Gary Woods on Tue, 05/19/2015 - 12:30

For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through 5/10/15 there have been 93 sales compared to last year when there were 82 sales for a 13.4% rise. The median sales price has also gone up from $1,237,500 last year to $1,250,000 this year for a 1.0% rise.

The gap between the median list price of $1.565 million and the median sold price of $1,250,000 gives us a -20.1% gap whereas last year the median list price was also $1,500,000 and when compared to the median sold price of $1,237,500 we get a -17.5% gap.

On the condo side of the ledger for the East Side of Santa Barbara Real Estate through 5/10/15 there have been 46 sales compared to 29 last year for 58.6% rise but the median sales price has gone down from $710,700 last year to $587,500 this year for a 17.3% fall.

The difference between the median list price of $947,000 and the median sold price of $587,500 gives us a -38.0% gap. Whereas last year the median list price of $882,000 and the median sold price of $710,700 gave us a -19.4% gap.