For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market has seen 63 sales this year with a median sales price of $750,000 and last year at this time there were 62 sales with a median sales price of $921,000. The average sales price has also taken a tumble from $1.136 million last year to $895,404 this year. It looks like the trend will continue because so far this year 72 homes have gone into escrow with a median list price of $747,000 compared to last year when 60 homes started the buying process and had a median list price of $919,000. The inventory is definitely shrinking in the Goleta South area where there are currently only 45 Homes available for purchase with a median list price of $1,295,000 and an average list price of $1,382,614.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate we’ve had 49 sales so far this year with a median sales price of $585,000 and an average sales price of $549,993. This compares to last year when we had 63 sales with a median sales price of $537,000 and an average sales price of $561,925. It looks like the numbers are going to start coming closer together because there have been 55 condos go into escrow this year with a median list price of $569,000 and last year there were 58 condos starting the buying process with a median list price of $549,000. Right now there are only 20 condos available in the Goleta South area with a median list price of $499,000 and an average list price of $515,900.