The Goleta Real Estate South area of Santa Barbara looks pretty bleak. In December 06 for Home Estates there were 8 sales and in 07 there was 1. If its any conciliation the Median Sales price did slide up a bit from $821,500 last year to $842,500 this year. But the seller of the one property had to drop the price by almost 18% from the original asking price. Overall for the area the Sales Price to Original List Price ratio was 94.41% in 06 and its 82.2% this year. The largest difference for Goleta South came in the Days on the Market. Last year the average was 56 and the one property that closed this year took 167 days to get an accepted offer.
For Condominiums in the Goleta Real Estate South area the numbers arent quite as bad. In 06 there were 7 condos that closed escrow and in 07 there have been 4. The Median Sales price has taken a big hit to get those 4 sales however. In 06 the Median Sales price was $600,000 and this month its at $423,500. The only good number in that whole mess is that it took two months less time to get an accepted offer this year. In 06 it took 100 Days and in December 07 that number is 31.