For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 08 the numbers of sales compared to 07 are down about 6.5% and the median sales price has dipped by about 12.5%. The average sales price has fallen even further and is down about 20%. There is a small surge in the numbers of homes which have entered escrow and currently that number is up by about 2%. But the median sales price continues to fall for the homes entering escrow and is now down about 14.6% from last year.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 08 for condominiums is down about 20%. This is despite the median sales price falling about 14% and the average sales price falling about 9%. We may be experiencing a kind of mini-surge for the numbers of sales in Goleta North because currently its only down by 2 properties for about a 7.4%. But this mini-surge is brought about by a further decline in the median list price of homes entering escrow. This number has fallen by about 21%.