In the Santa Barbara Real Estate are of Goleta Real Estate
for the Home Estate/PUD market there were 9 that closed escrow with a median sold price of $699,000 and an average sold price of $743,444. Last year at this time 5 homes closed escrow for the period with a median sold price of $899,000 and an average sold price of $1,336,000. What has remained the same are the days on the market. Last year it was 52 and this year its still 52. There are more properties coming on the market also for the Goleta South. For this period 19 new homes have appeared with a median list price of $799,000 and an average of $1,245,984. Last year only 12 new listings showed up with a median list price of $869,000 and an average list price of $1,262,491. Unlike other area there isnt a big diversity in the numbers of pending listings. Last year for this period there were 6 and this year there are 7. What has changed however is the median list price for those properties. This year the median list price for homes in escrow is $719,000 last year that number was $949,000. Even more dramatically we see that most of the action is farther down because the average of the pending homes this year is $756,557 and last year the average was $1,520,333. Currently there are 52 homes available in Goleta South with a median list price of $899,000 and an average list price of $1,341,586.
For Condominiums in the Goleta Real Estate
area of Santa Barbara Real Estate there were 4 that closed escrow for this period with a median sales price of $536,900 compared to last year when there were 7 that closed escrow with a median sales price of $670,000. The average sales price is a lot closer together however. This year the average for those 4 condos is $554,700 and last year the average was $582,142 for those 7 sales. The good number is that the days on the market have dropped dramatically from 87 it 07 to 23 in 08. There are a lot fewer new condos coming on the market this year when we see 6 with a median list price of $499,000 compared to last year when there were 14 with a median list price of $549,900. Interestingly the numbers of pending condos is higher this year with 8 compared to last year when there were 5. But the median list price for those 8 is just $407,000 compared to the 5 in 07 where the median list price was $574,000. Currently there are 44 condos available in Goleta South with a median list price of $529,000 and an average list price of $540,929.