The Goleta Real Estate North area of Santa Barbara the numbers are actually up for Home Estate/PUD sales. In 06 9 homes closed escrow and 07 11 closed. To get that increase in sales the former home owners had to come down in their price by about $350,000. In 06 the Median Sales price was $1,195,000 and in 07 its been $880,000. The Sales Price to Original List Price ratio is within .05% for both years and the Days on the Market are separated by less than a week.
For Condominiums in the Goleta Real Estate North area the numbers are exactly opposite. In December 07 weve seen only 1 Condo sale compared to 8 in December 06. The good news is that 1 in 07 sale was $759,000 compared to the Median Sales Price in 06 of $612,500. And to amplify on that thought the seller got all of their asking price compared to a 95.15% Sales Price to Original List Price ratio in 06. Also, the 07 property went out in 9 days compared to the 68 Days on the Market that it took in the previous year.