In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market 6 properties closed escrow with a median sales price of $662,000. This compared to October 07 when 5 properties closed escrow with a median sales price of $780,000. The trend looks like its going to continue for the area with 5 properties going into escrow this year with a median list price of $671,900 compared to last year when 4 went into escrow with a median list price of $839,000. The sales price to original list price ratio is about 96% for the area which means that the properties are getting priced correctly. Currently there are 46 Home Estate/PUDs available in the area with a median list price of $1.195 million and an average list price of $1.377 million. The average days on the market for the Goleta South Home Estate/PUD inventory are 127 days.
For the condo market in Goleta Real Estate South shows us 5 sales for October with a median sales price of $495,000 compared to last year when there were 2 with a median sales price of $420,625. But this year nothing went into escrow for the month compared to 07 when 3 started the buying process. Those 3 had a median list price of $679,000. Right now there are 25 condos available in the Goleta South area with a median list price of $539,000 and an average list price of $507,612. The average days on the market for the Goleta South Condo inventory are 157 days.