For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs there were 15 sales compared to 11 for 07. Up until now Goleta North has trailed in sales compared to the 07 numbers so hopefully this is a trend. The big difference in the Median Sales price which was $1,230,000 last year and this year its dropped to $790,000. That $600,000 to $800,000 range remains hot for the entire Goleta area. To re-enforce the idea of a trend we see that in 08 for the period there were 19 homes entering escrow compared to the 07 number of 18. The only number that has gone the wrong way this year has been the Days on the Market. For 08 it has taken 85 days to get an accepted offer and in 07 it took only 56.
For condominiums in the Goleta Real Estate North area of Santa Barbara Real estate there was only 4 that closed escrow compared to 6 for 07. The Median Sales Price has risen however in 08 up to $547,950 compared to the 07 number of $530,000. But the number that stands out the most is in the condos that have gone into escrow for the period. In 08 that number is 6 compared to just 1 for 07. It would be great if this signals a turnaround in the Goleta condo market but well have to wait a while to see if its a trend or just a blip.
Posted by gandlwoods at June 1, 2008 09:13 AM