For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 7 months of 08 there is a rise from 07. Granted its only 1 more sales, but when looking at the rest of the area Ill take any rise I can get. The median sales price however is down about 14% and the average sales price is down about 16%. It looks like our little surge for Goleta South is going to continue because the pending sales are up about 6% from last year. But while the sales continue to increase the list price of those pending listings continues to fall is now down about 15%.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first seven months of 08 the numbers of sales is down about 20% from the 07 level but the median sales price is only down about 10%. The really interesting number is the average sales price which has come up about 1.5%. Its not clear that the surge in the Condo sales will continue because the numbers of condos that have entered escrow has dropped behind the 07 number by about 10%.