The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory is down by about 19% with the numbers of new properties falling by 13%. With this fall in the numbers of available properties you’d expect a drop in the numbers of escrows but it’s only down by 5% and the numbers of sales down by 13%. The interesting number however is that the average sales price is only down by about 5% to $518,129.
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 is almost exactly where it was last year and there are only 5 fewer new listings this year compared to last year. The good news is that the numbers of escrows is up by 16% and the sales up by 3%. To get this rise in the numbers of sales however the average sales price is down by 17% to $1,010,018.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate North the overall inventory is down from 18 last year to 10 this year and the number of new listings is down from 13 to 8 for a 38% drop. The numbers of escrows is down by 44% from 9 to 5. But the numbers of sold properties is down from 10 to 7 for a 30% decline. The average sales price is down from $986,650 to $757,714 for a 23% fall.