The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory has dropped by about 21% year over year with the numbers of new condos sliding only 16% for the year. Interestingly the numbers of escrow is only down 9% but the sales have fallen by 17%. But the sold volume has slipped 21% while the average sold price is only down about 4%.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of homes that have been on the market this year is up by only 1% as is the numbers of new listings coming on the market. But this lack of a surge in the inventory has not kept the numbers of listings going into escrow rising by 7%. The sales however are exactly where they were last year but the sales volume is down by 19% as is the average sales price.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate North the overall inventory is down 47% with the numbers of new listings appearing this year falling by 41%. The numbers of escrows is not quite as far down however showing up at -37% with the sales doing even better at -22%. The sold volume however has declined by 41% with the average sales price dipping by 24%.