Beginning the week of 10/12/09-10/18/09:
41 new listings
41 price changes
(lowest numbers in the past 4 weeks, which is a good thing)
44 sales pended (36 of these were under $1M, four $1-2M, four $2-4M)
(highest number in 4 weeks)
31 closed
35 off market (13 expired, 13 canceled, 9 withdrawn)
14 back on market
Beginning the week of 10/5/09-10/11/09:
58 new listings
47 price changes
43 sales pended (30 of these were under $1M, nine $1-2M, one $2-4M, two $4-8M, one $8M+)
29 closed
37 off market (21 expired, 10 canceled, 6 withdrawn)
15 back on market
*The percentage of sales over $1M has been bouncing from 20-30% of the local sales.
*Our median price for Santa Barbara South County Real Estate was $825,000 at the end of the first quarter for 2009, $840,000 at the end of the second quarter, and $840,000 at the end of the third quarter. Yesterday's Santa Barbara Newspress Real Estate section stated that this is 'stability.'
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