For the Santa Barbara Real Estate area of Goleta Real Estate
South for the first 6 months of 08 there have been 43 sales compared to last year when there were exactly the same number. What has changed however a rather significant drop in the median and average sales prices. Last year the median sales price was about $890,000 and this year its about $750,000. The average has seen a similar drop from about $1.1 million last year to the current approximately $920,000. It appears that the numbers of sales is going to remain about the same and even surge forward slightly. Through this part of 08 there have been 47 escrows opened compared to 07 when there were 43. That $100,000 gap continues however so that look like where well be going for most of the year. Currently there are 54 home estates available in Goleta South with a median list price of about $900,000 and an average list price of about $1.3 million.
For the Santa Barbara Real Estate area of Goleta Real Estate
South for the first six months there have been 32 sales compared to 41 last year. The median sales price has actually risen significantly from $515,000 last year to the current $607,000 but the average sales price has raised only about $35,000 from approximately $545,000 last year to about $570,000 this year. It appears that the sales are picking up for Goleta South with 38 condos pending so far in 08 compared to 41 for 07. The median list price of those condos in escrow getting a little closer together however with last years number showing up at $530,000 compared to this year which has been $600,000. Currently there are 42 condos available in Goleta South with a median sales price of about $540,000 and an average sales price of about $550,000.