For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs there were 17 sales for October with a median sales price of $705,000 compared to last year when there were only 7 sales but the median sales price was $794,500. The pace be cooling in Goleta North however because there were only 14 homes that went into escrow for the month with a median list price of $699,000 while last year there were 12 escrows opened with a median list price of $879,000. The good news for the area is that the days on the market have come down from 140 for the 7 sales last year to 78 for the 17 sales this year. Currently there are 59 Home Estate/PUDs available for purchase in Goleta South with a median list price of $1.057 million and an average list price $2.195 million.
For the condo market in Goleta Real Estate North the news is about the same as it has been. This year there were 2 sales with a median sales price of $438,500 and last year there were 2 sales with a median sales price of $480,000. There is one more property that entered escrow this year compared to last. For ’08 there were 3 escrows opened with a median list price of $519,000 and last year there were 2 with a median list price of $839,000. Currently there are 19 condos available in Goleta South with a median list price of $482,500 and an average list price of $483,484.
Posted by gandlwoods at November 15, 2008 07:14 AM