For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eleven months of ’05 in the Single Family Home market 188 homes closed escrow with a median sold price of $965,000 and an average sold price of $1,111,978. 239 homes came on the market with a median asking price of $995,000 and an average asking price of $1,214,172. Also for that period 182 properties went into escrow, 19 were withdrawn from the market, 25 listings cancelled, 42 expired and 37 came back on the market. Currently there are 42 homes for sale in the area.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eleven months of ’05 in the Condo market 53 condos closed escrow with a median sold price of $628,000 and an average sold price of $649,759. 60 condos came on the market with a median asking price of $649,000 and an average asking price of $658,251. Also for that period 46 properties went into escrow, 3 were withdrawn from the market, 8 listings cancelled, 3 expired and 6 came back on the market. Currently there are 16 condos for sale in the area.
And in more of Santa Barbara Real Estate News…
Currently a Palmer Jackson, a Montecito resident is paying less for his water than his neighbors and the water board is going to look into it. A proposal to equalize water rates for all of the district’s 4,500 customers is landing on the district’s desk.
The proposal would more than double the water rate for 40 agricultural customers including Mr. Jackson who owns and operates a 100-acre avocado and citrus farm off of East Valley Rd.
This should be a fun one to watch so stay tuned for more.