The Condo market for the Goleta Real Estate South area of Santa Barbara there is a slight rise in the numbers of homes that have been on the market this year from 33 in 07 to the current 39. The numbers of new listings is also down from 9 last year to 7 this year. But numbers of escrows is exactly the same as it was last year with 4. The numbers of sold properties is down from 3 last year to 2 this year for 33% drop. The Average Sales price however is almost exactly where it was last year. In 07 we saw $568,834 and currently its at $570,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the total inventory is up by 23 properties from 32 to 55 for a 71% rise but the new listings are down by 2 from 10 to 12. The numbers of escrow is down dramatically from 6 last year to 3 this year for a 50% and the numbers of sales has declined from 5 to 1 for a 80% drop. With the decline in the numbers of sales weve also seen a decline in the Average Sales price from $952,600 last year to the current $780,000 an 18% drop.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate South there is very little difference when viewed year over year. The total inventory is exactly the same with 3 properties on sale in both years but the new listings are down by 2 with 2 in 07 and 0 in 08. Everything else in both years is a 0. No escrow and no sales.