The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available is down about 20% with the numbers of new listings down by about 34%. But even though there have been dramatically fewer numbers of condos for sale the numbers of escrows are only down by 5%. Unfortunately with the escrows down by 5% the numbers of sales has fallen by about 24% with the average sales price down by only about 3%.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the inventory is up by about 3% but the numbers of new listings is down by 11%. With the overall inventory resting at about the same place it was last year the numbers of escrows has risen by about 24% with the numbers of sales up by roughly 8%. To get that increase in sales the average sales price is down by about 19% currently residing at $903,025.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate South shows us that the total numbers of listings is down from 12 last year to 10 this year and the numbers of new listings down from 11 last year to 7 this year. The numbers of available properties down you’d expect that the number of escrows is down but a drop of 50% is big and a decline in the numbers of sales by 55% is even bigger. This decline in the numbers of sales is accompanied by a 29% fall in the average sales price down to $778,750.