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Days on the Market 1-1-15 to 5-16-15 compared to last year for Goleta South

Submitted by Gary Woods on Fri, 05/29/2015 - 12:30

For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from 1-1-1-15 to 5-16-15 there have been 33 sales this year compared to 27 last year and the median sales price has gone up from $750,000 last year to $760,000 this year but the average sales price has gone up from $792,790 last year to $818,548 this year. Those 33 sales took on average 46 days to get an accepted offer and when you add in another 36 days of average escrow time you get a total average marketing time of 82 days.

For Condominiums for Goleta Real Estate South for the same time period there have been 46 sales this year compared to 25 last year. The median sales price has gone up from $485,000 to $642,000. The average sales price has also gone up from $517,716 to $624,968. Those 46 sales on average took 28 days to get an accepted offer and when you add in another 34 days of average escrow time you get a total marketing time of 62 days.