The Santa Barbara Real Estate area of Goleta Real Estate South shows us that the inventory is just about where it was last year at this time. The overall available Condos are down by about 5% but the number of new condos that became available is only down by 2%. What’s interesting about those numbers is that despite the decline of available homes the numbers of escrows is up by 17% and the numbers of sales is up by an even more dramatic 26%. Despite this increase in activity the Average Sales price is down by about 1% for the area.
For Goleta Real Estate South for Home Estates in the Santa Barbara Real Estate area the existing inventory is almost exactly where it was and the number of new properties available is up by a mere 2%. Unfortunately even the inventory is about where it’s been the number of escrows has declined by 22% and the numbers of sales is down by 15%. What has happened with this reduced numbers of sales is the Average Sales price has rise by about 12%. This tells us that the houses on the upper end of the market are the ones that are continuing to sell.
For Goleta Real Estate South for the PUD market for Santa Barbara area we’ve seen only a slight rise in the number of available properties but a 23% in the number of new properties. The rise in the number of new properties has spurred the numbers of escrows which is up by 50% and the numbers of sales which is up by 66%. The Average Sales price for the area has also risen and is up by 9%.