March 18, 2008

Santa Barbara Real Estate area of Goleta South from 1/1/08 to 3/8/08 compared to ’06 for the same period

The Condo market for the Goleta Real Estate South area of Santa Barbara there is a rise in the numbers of homes that have been on the market this year from 50 in ’07 to the current 61. The numbers of new listings is up from 26 last year to 27 this year. And the numbers of escrows is up by 3 for an 18% rise. The numbers of sold properties is down however from 15 last year to 7 this year for a 53% drop. The Average Sales price has also dropped from ’07 when it was $612,134 and currently it’s at $577,285.

For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the total inventory is up by 21 properties from 54 to 75 for a 38% rise but the new listings are down by 1 from 32 to 31. The numbers of escrow is slightly from 18 last year to 17 this year for a 5% decline and the numbers of sales has fallen from 15 to 11 for a 26% drop. With the decline in the numbers of sales we’ve seen a rise in the Average Sales price from $984,133 last year to the current $1,226,364 a 24% rise.

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 up by 1, but there have been no new listings compared to the 3 last year at this time. Escrows are also off by the same number but sales are down by just 1 from 2 last year to 1 this year. The Sales price of the 1 property was $615,000 compared to the $781,000 number of last year.



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Posted by gandlwoods at March 18, 2008 06:30 AM