For the Goleta Real Estate North are of Santa Barbara we’ve seen 109 sales through September compared to 83 through July. This is a very slight decline in the overall number of sales per month. The Median Sales price has also experienced a slight decline for that same time period. Two months ago it was at $975,000 and currently it’s at $950,000. The Average Sales price has declined but at an even smaller rate. It was $1,227,268 in July and now it’s at $1,221,873. The Days on the Market has remained very stable throughout the time period with 69 two months ago versus 67 now. And finally the Sales Price to Original List price shows only .5% difference with 94.99% in July and dropping to the current 94.4%.
The Goleta Real Estate North Condo picture sees the number even closer together. Through July we had 24 sales and through September it’s at 34. There’s only $11,000 separating the Median Sales price where we see two months ago it was at $550,000 and how it has slid down to $539,000. The Average Sales price is even closer. Two months ago it was $544,599 and now it’s at $541,335. Similarly the Sales Price to Original List Price is only .1% apart. In July it was 95.28% and now it’s 95.18%. The biggest disparity is in the Days on the Market and this change is to the good side. Two months ago it took 86 Days to get your condo into escrow and today that number has shrunk to 76.