For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate the sales are about 10% behind of where they were in 06 with 86 last year and 70 this year. The Median Sales Price is about where it was with $910,750 last year vs. $894,000 this year. In order to get your $15,000 less for the sale of your house you do have to wait a little over one week longer. In 06 the Days on the Market was 54 and this year its 62. The Sales Price to Original List price ratio is much better than last year when it was 87.34% in 06 compared to this years number of 97.74%. There are about 20% fewer sales combined with about a 15% drop in the Median Sales price and your get a tough year for Goleta South Real Estate.
For Condominiums for Goleta Real Estate South the numbers of sales is up by about 15%. Last year there were 63 sales and this year there have been 71. The Median Sold price is down however with about a 10% drop from $585,000 last year to $532,000 this year. The Sales Price to Original List price ratio got closer with 94.55% in 07 vs. 95.97% in 06. To get that 10% drop in the Median Sales price it takes you about 3 days longer. In 06 the Days on the Market was 67 and in 07 its 70.