Santa Barbara Real Estate for the West of State Area - Year End Sales Statistics for 2008

I have summarized below an easy to look at brief outline of the overall Santa Barbara MLS statistics for both single family homes and condos in the West of State area for the year 2008.  The comparisons are drawn against the previous year's statistics (2007) for Santa Barbara Real Estate.

CONDOS:

• Condo listings were up about 1% from 167 listings to 170 listings compared to 2007
• Condos sold were down 15% from 76 condos to 64 condos
• The average sales price was down 17% from $750,982 to $620,623
• The median sales price was down 19% from $645,250 to $540,000

SINGLE FAMILY HOMES:

• Single family homes listings were down 15% from 353 listings to 299 listings compared to 2007
• Single family homes sold were down 30% from 199 to 139 single family homes sold
• The average sales price was down 12% from $1,178,433 to $1,034,819
• The median sales price was down 10% from $1,025,000 to $929,000

The lowest sale in the West of State area was a 1 bedroom condo for $315,000 on Richland Drive.  The highest sale in the West of State area was an ocean front / bluff top home for $5 Million on Cliff Drive.

View 2008 Sales of Specific Santa Barbara Neighborhoods (West of State):

• Campanil Hill
• The Mesa
• The Westside
• Samarkand

For a complete  summary of the Santa Barbara Real Estate Market in 2008, information in general on Santa Barbara Real Estate, Montecito Real Estate and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s International Realty.   

Further Reading: Is My Realtor a Santa Barbara Neighborhood Specialist?, Santa Barbara Real Estate Market Statistics, Santa Barbara Real Estate - General News, Santa Barbara - The Oceanfront Areas, Santa Barbara - Community Events, The Campanil Hill Neighborhood - Information and Statistics, The Samarkand Neighborhood - Information and Statistics, The Mesa Neighborhood - Information and Statistics, The Westside Neighborhood - Information and Statistics

Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative.  Please feel free to contact me or comment below with any thoughts. 

Subscribe to Receive Personal Listings of Santa Barbara Area Properties

Search the Santa Barbara Area MLS