For the Goleta Real Estate North area of Santa Barbara Real Estate in the Home Estate/PUD market there have been 114 sales this year and that’s exactly how many sold last year at this time. But this year the median sales price has fallen $100,000 down to $850,000 and the average sales has come down even further from $1,210,071 last year to $995,537 this year. The numbers of homes that have entered escrow is slightly up from last year when there were 114 homes that went pending with a median list price of $989,000 compared to this year when 126 have entered escrow with a median list price of $849,000. Currently there are 64 Home Estate/PUDs on the market in the Goleta South area with a median list price of $1,050,000 and an average list price of $2,091,209.
For the condo market in the Goleta Real Estate North area the story is a lot different. So far this year we’ve only seen 29 condos close escrow with a median sales price of $465,000 and an average sales price of $493,862. This compares to ’07 when we had 37 properties close escrow by this time with a median sales price of $550,000 and an average sales price of $554,091. The sales numbers look like they’re moving closer together however because so far this year we’ve had 33 condos go into escrow with a median list price of $475,000 whereas last year there were 37 condos that went into escrow with a median list price of $559,000 and an average list price of $570,361. Currently there are only 20 condos available in the Goleta North area with a median list price of $482,500 and an average list price of $531,525.