For the Santa Barbara Real Estate areas of Goleta South for Single Family Homes there were 7 that closed escrow in the last 30 days with a Median Sales Price of $900,000 and an Average Sales Price of $942,089. 7 properties came on the market with a Median Asking Price of $949,000 and an Average Asking Price of $1,049,357. 12 properties are currently in escrow with a Median Asking Price of $917,000 and an Average Asking Price of $940,416. Currently there are 21 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Goleta South for Condominiums there were 2 that closed escrow in the last 30 days with a Median Sales Price of $712,500 and an Average Sales Price of $712,500. 9 properties came on the market with a Median Asking Price of $699,000 and an Average Asking Price of $721,327. 4 properties are currently in escrow with a Median Asking Price of $599,000 and an Average Asking Price of $676,750. Currently there are 32 Condominiums for sale in the area.
And in more Santa Barbara Real Estate News
In response to inquiries earlier in the week developer William Levy expressed optimism about putting together his $175 million timeshare plan. The current plan is to get a city building permit for which the city will charge $1.4 million in fees.
Mr. Levy also needs to provide a series of commitment letters from the lenders on the project. If after obtaining the permit he is unable to go forward he will have to pay the city up to $4 million more. This fee was in the original demand made by the city.
The city is counting on the Ritz-Carlton Club Santa Barbara to contribute to the local economy and to City Hall tax revenues.
It looks like it’s time to move on or move out!
Posted by gandlwoods at December 4, 2005 09:27 AM