The year 2007 has seen mostly gains in the number of sales for Home Estates/PUDs for the Santa Barbara Real Estate area of Goleta Real Estate North. The Numbers of sales was up 16% in January followed by exactly the same number of sales in February as the ones we saw in ’06. March was off 10% but April was ahead 20%. In May there was a big push increasing the number by 50% but then June saw a decline of 33%. July was also off 33% but August gave us a 100% increase. Unfortunately September fell off 70%. The Median Sales price was another story altogether. January fell off 7%, February was off 24%, March was off 7% and April was off 9%. In May things turned around a bit with a small rise of 2% followed in June by another 2% rise. Unfortunately July saw a 2% decline but August came up by 4% and September rose a whopping 84%. So just like Goleta North, sales up are, but the Median Sales price is trickling down.
On the condo side for Goleta Real Estate North the sales picture has been up most of the time just like Goleta South. Every month except February posted a gain. January started out with a 20% increase, March rose 166%, April was up 20%, May was up 16%, June was up 14%, July was up 125% and September was up 66%. The only down month was February when sales were off 33%. And August posted the exact same numbers as we saw in ’06. The Median Sales price however was another story. The down months were January with 8%, February with 19%, April with 28%, May with 18% and August with 2%. The up months were March with a meager 1%, June with a healthier 8%, July with 41% and September with a huge 80% gain. Sales are definitely up for the District, but prices have declined about 6-7% year over year.