For the Santa Barbara Real Estate area of Goleta Real EstateNorth for the first 3 months of ’08 we’ve seen 32 home estates close escrow with a median sales price of $795,000 and an average sales price of $1,000,764. For the same period in ’07 we saw in the Single Family Home market 33 homes closed escrow with a median sold price of $915,000 and an average sold price of $1,216,220. Thus far in ’08 there have been 76 home estate listings come on the market with a median asking price of $899,000 and average asking price of $1,169,939. For ’07 69 homes came on the market with a median asking price of $1,150,000 and an average asking price of $1,638,769. Also for that period in ’07 48 properties went into escrow, 4 were withdrawn from the market, 9 listings cancelled, 21 expired and 13 came back on the market. For the same period in ’08 37 home estates have entered escrow with 8 listings canceling, 30 listings that expired and 18 coming back on the market. Currently there are 72 homes for sale in the area with a median list price of $929,000 and an average list price of $1,502,442.
For the Santa Barbara Real Estate area of GoletaGoleta Real Estate North for the first three months of ’08 6 condos have closed escrow with a median sales price of $494,750 and an average sales price of $526,416. In ’07 for the same period in the Condo market 11 condos closed escrow with a median sold price of $569,000 and an average sold price of $536,336. So far in ’08 we’ve seen 28 new condo listings come on the market with a median asking price of $529,000 and an average asking price of $534,010. In ’07 for the same period those numbers were 22 condos came on the market with a median asking price of $570,000 and an average asking price of $593,913. Also for that period in ’07 13 properties went into escrow, 4 were withdrawn from the market, 7 listings cancelled, 8 expired and 2 came back on the market. This compares to the ’08 numbers when we’ve seen 7 condos go into escrow, 2 listings get withdrawn, 3 listings get cancelled and 7 expire with only 3 coming back on the market. Currently there are 29 condos for sale in the area with a median list price of $499,999 and an average list price of $524,344.