The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory is down by about 13% with the new listings dropping only 6%. This drop in inventory gives us a 6% fall in the numbers of escrow but a 9% drop in the numbers of sales. The overall sold volume is down by 17% however but the average sales price is only down by 8%.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings is down by 3% and the numbers of new listings is down by 4%. With this fall in the inventory amazingly the numbers of units going into escrow is up by 12% with numbers of sold properties up by 11%. Despite this rise in activity the overall sold volume is down by 8% with the average sales price declining by 18%.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate North the overall inventory is 45% with the numbers of new listings declining by 41%. This theme continues through the numbers of units that went into escrow which is down by 45%. Interestingly enough the numbers of sold properties is only down by 27% but the overall sold volume has declined by 43% with the average sales price falling by 22%.