The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available is down about 20% with the numbers of new listings down even further by 32%. Amazingly enough this decline in the available properties translates into only a 10% drop in the numbers of escrow but a 19% drop in the numbers of sold properties. The overall sold volume is down a little more for a 22% decline the average sales price is only down by 4%.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the inventory is up by about 5% with the numbers of new homes down by 7%. But the miracle of Goleta South is that the numbers of escrow is up by 25% with only a 9% rise in the numbers of sold properties. This rise in the numbers of sold properties unfortunately brings with it a 11% decline in the overall volume and a 19% in the average sales price per unit.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate South shows us that the total numbers of listings is down by just 1 for a 7% drop but the numbers of new listings has fallen by 25%. There is however a 50% drop in the numbers of PUD escrows for the area with a 44% drop in the sold properties. This decline is magnified with the overall sold volume which is down by 63% while the average sales price is down by 33%.