August 8, 2015 Year over year sales are up 12% with the median sales price up to roughly $1,175,000 for a 5% rise. The average sales price is also up from just over $1,700,000 in 2014 to approximately $1,900,000 in 2015 while the number of escrows are up about 19% with the median list price on those escrows down about 3.5%.
With escrows and sales up for the 2nd market quarter the prospect for a strong 3rd quarter look good. The vitality in the market is still dependent on the inventory however. The graphs below reflect 2nd quarter activity for those areas. Graphs provided by Sotheby’s International Realty Santa Barbara.
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