For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 3 months of ’08 there have been 17 home estate sales with a median sales price of 780,000 and an average sales price of $1,042,764. For the same period last year there were 21 homes closed escrow with a median sold price of $850,000 and an average sold price of $1,004,047. So far in ’08 41 new listings have entered the market place with a median asking price of $849,000 and an average asking price of $1,079,136. For the same period in ’07 those numbers showed up as 50 homes came on the market with a median asking price of $929,000 and an average asking price of $1,127,859. So far in ’08 there have been 23 home estates that entered escrow with 3 listings being withdrawn and 5 cancelled. 13 listings cancelled and 9 came back on the market. For that same period in ’07 there were 25 properties that went into escrow, 3 were withdrawn from the market, 7 listings cancelled, 9 expired and 7 came back on the market. Currently there are 51 homes for sale in the area with a median list price of $899,000 and an average list price of $1,447,752.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first three months of ’08 16 condos have closed escrow with a median sales price of $617,500 and an average sales price of $582,656. For the same period in ’07 those numbers were 18 condos closed escrow with a median sold price of $544,500 and an average sold price of $560,416. Thus far in ’08 36 new listings have appeared on the market with a median asking price of $574,000 and an average asking price of $576,713. In ’07 we saw 36 condos come on the market with a median asking price of $539,000 and an average asking price of $551,293. Also for that period in ’07 20 properties went into escrow, 2 were withdrawn from the market, 6 listings cancelled, 12 expired and 6 came back on the market. In ’08 as a comparison 22 condos have gone into escrow, with 0 withdrawn from the market and 7 listings cancelled with 10 expiring and 5 coming back on the market. Currently there are 39 condos for sale in the area with a median list price of $574,000 and an average list price of $579,661.