For the Goleta Real Estate North area of Santa Barbara Real Estate the Condo inventory remains exactly where it was last year at this time and there are 11% fewer new listings available to sell. With the number of fewer new listings to sell I would have expected to see a decline in the number of escrows but its been a lot smaller decline than I would have thought. The 2% decline in the number of escrows becomes even more interesting when we see a 9% rise in the number of sales. To add even more to this schizophrenia we see a 10% drop in the Average Sales price.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the inventory is up by about 5% but the number of New Listings is down by about 3%. The more bothersome numbers are the Escrows which are down by 5% and the Sales which are down by 10%. But even with the decline in sales we see a rise in the Average Sales price by a substantial 14%.
For Goleta Real Estate North for the PUD market for Santa Barbara area the inventory is only up by 1 property and the numbers of new listings is down by 23%. But even with fewer properties to sell the numbers of escrows has risen by 50% and the numbers of sales is up by 66%. Even the Average Sales price has come up by 9%.