For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 5 months of 08 for the Home Estate/PUD market weve seen 34 sales compared to 39 for 07. Both areas of Goleta have seen sales that more closely match those numbers posted in the previous year. The really good number is that pending sales are actually ahead of the 07 level. So far in 08 weve had 41 homes go into escrow compared to 39 for 07. The median and average numbers have come down this year but really no more than in other areas of Santa Barbara. For 07 the median sales price to this point in the year was $867,500 and in 07 its at 782,500. The average sales price went from $1,045,192 in 08 to $969,470 in 08. The days on the market have lengthened by almost a month going from 56 last year to the current 83 but there are fewer new listings this with 79 compared to the 07 number of 93.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first five months of 08 in the Condo market there have been 29 sales compared to 33 for 07. Just like with Home Estate s in the area the numbers for Goleta South are much closer to the 07 numbers than the other districts. The numbers of homes which have gone into escrow are not quite as good as Home Estates with 31 this year compared to 37 last year. Weve seen a big drop of $100,000 in the median sales price for 08 compared to 07 but the decline in the average sold price has not been nearly as dramatic. This year the average has been $570,327 compared to last year when it was $536,825. The days on the market has dipped this year from 85 in 08 to the current 64 but the numbers of new listings hasnt dropped nearly as much with 55 new listings coming on the market for 08 compared to 61 in 07
Posted by gandlwoods at June 15, 2008 06:31 AM