The Condo market for the Goleta Real Estate South area of Santa Barbara inventory for the year is up by 7% but the numbers of new listings is down by 8%. The percentages of condos which have gone into escrow is down less than any place else in the area but it is still down by 16%. Similarly the percentage of sales is also down less than any place else in town but it is still down by 15%. Amazingly even though the sales are down the average sales price is up by 2% to $572,125.
For Home Estates in the Santa Barbara Real Estate area of Goleta South the inventory is up by 10% but the numbers of new listings is down by 12%. The percentage of homes which have gone into escrow is actually up 7% from the same time last year but the numbers of sales has dropped by 2%. Hopefully this number is down currently because escrows are taking a little longer than normal but we’ll have to see. The Average Sales has dipped by 7% this year down to $982,606.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate South shows us that the total numbers of listings is exactly where it was last year. But the numbers of new listings is up with 6 this year compared to 0 new listings last year. The percentage of escrows has fallen by 50% however and the numbers of completed escrows has fallen even farther to 60%. The Average Price has not fallen nearly as far dropping by just 3% at this time to $882,500.