The year 2007 has been about a wash for sales for Santa Barbara Real Estate’s Goleta Real Estate South district. In January we started out 16% ahead and in February we had exactly the same number of sales as we experienced in 2006. March saw a 10% decline but April brought us a 20% increase. In May there was a 50% increase in the number for sales but June had a 33% fall off. Likewise July experienced a 33% reduction but August showed us a 100% increase. But the biggest drop off we saw was in September when sales declined 70%. As far as the Median Sales price is concerned we saw four up months and 5 down months. Starting the year in January we saw a 6% declined followed by a 24% decline. Then March came in and we fell off 7% followed by April’s 9% down turn. May had a very slight increase of 2% followed by the same number for June. July fell by about the same number with August increasing by 4%. But the best was saved for September when the Median Sales price rose 84%. Taking all that into consideration the Median Sales price for the District is almost exactly where it was last year at this time.
On the condo side for Goleta Real Estate South the sales picture the sales are up for every month except February when they fell by 33%. Starting in January the numbers were up 20%, then March jumped up by 166% followed by April’s 20% rise, May’s 16% rise and June’s 14% rise. The big jump was reserved for July however when there was a 125% increase in the number of units sold. August was exactly where it was in ’06, but September saw another 66% increase. The Median Sales price saw January off 8%, February off 20%, April off 28%, May was 18% and August was off 2%. The up months weren’t up very much. In March there was a 1% rise, June had an 8% increase, July saw a big rise with 41% but the real winner was September with an 80% increase. The bottom line is a lot more condos sold, but the price was significantly less than the previous year.