For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market there have been 69 sales through the end of October compared to 67 for this time last year. This is a rise of 3% but to get that rise the median sales price has fallen by about 18% and the average sales price has declined about 21%. On the up side again, homes that have gone into escrow are up by over 15% but the median list price for those homes is down by over 18%. Currently there are 41 Home Estate/PUDs in Goleta South with a median list price of $1.195 million and an average list price of $1.376 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate we’ve had 54 sales so far compared to 65 last year. But the median sales price is up from $532,000 to $574,950 for an 8% rise. The average sales price has declined however by $15,000 for a 3% dip. The numbers of condos that went into escrow is down by 13% but the median list price of those condos is up by about 6.5%. Currently there are 24 condos available in the Goleta South area with a median list price of $537,000 and an average list price of $503,762.