For the Home Estate/PUD market of Goleta Real Estate/Santa Barbara South in August there were 6 sales and in September there 7. The median sales price continues to dip down with a $767,500 posted in August and a $705,000 figure posted for September. But the average sales price was rather far apart. In August the average sales price for the 6 sales was $1,010,666 and in September it was just $707,785. Along the with the average sales price slipping down the properties going into escrow went from 10 in August to 6 in September with the median list price of $699,000 for August sliding down to $659,000 in September. What also slid down was the number of homes that came on the market. In August 10 Home Estates arrived with a median list price of $799,000 while in September 6 showed up with a median list price of $749,000.
For the condo market of Santa Barbara/Goleta Real Estate South there were 4 sales in September compared to 5 in August but in August the median sales price was just $355,000 where as in September it zoomed up to $545,000. The average sales price was a little closer together with the August number of $448,300 and the September number zipping up to $576,000. Both months had 6 condos go into escrow but in August the median list price was $410,000 and in September that number was $519,000. Adding to the inventory in August was 7 new condo listings with a median list price of $549,000 and in September 2 new condos showed up with a median list price of $289,500 and an average list price of $469,700.
Posted by gandlwoods at October 16, 2008 07:34 AM