July 22, 2008

Goleta North ’07 compared to ’08 cumulative numbers plus, Days on the Market through 7/11

For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate there have been 79 sales compared to the ’08 number of 85. This is a drop of about 7% and accompanies the decline in both the median and average sales figures. The median sales price for Goleta North has fallen about 12% and the average sales numbers have gone down about 20%. These are definitely significant declines in the sales prices for the area. But while these numbers have fallen the Days on the Market is basically unchanged. Last year at this time it was 70 days and this year it’s been 74.

For Condominiums on the North Side of Goleta Real Estate things are dramatically different. For ’08 we’ve seen 18 sales down from 24 at this time last year. This is a decline of about 25% for the numbers of sales but the median sales price has only gone down about 11% and the average sales price has slipped only about 7%. The Days on the Market is basically unchanged from the previous year when it was 86. For ’08 that number has slipped up to 91.

Posted by gandlwoods at July 22, 2008 07:23 AM