In the Goleta Real Estate South area there are 45 Home Estate/PUDs available with a top price of $2.475 million and a bottom price of $549,000. But the median list price for those 45 homes stands at $1.16 million. For most the year price has been down on the South side of Goleta but now they seem to be on the rise.
Currently there are 12 properties in escrow for Goleta South with a top list price of $899,000 and a bottom list price of $449,000. So even though the price of the listed properties is starting to rise the ones going into escrow are staying down. The median list price for homes currently in escrow is $659,000.
Throughout ’08 we’ve had 73 sales with a top price of $2.525 million and a bottom price of just $374,500. The sales numbers are about 10% ahead of where they were last year at this time but the median sales price has fallen to $732,000 for the area.
For condos on the South Side of Goleta Real Estate we currently have 26 available with a top asking price of $775,000 and a bottom asking price of $260,000. This over half million dollar swing gives us a median list price almost exactly in the middle residing at $529,000.
Unfortunately there is only 1 condo in escrow right now on the South Side of Goleta and that condo has a list price of $400,000.
For the Goleta South area through November 26th there have been 57 sales completed with a top price of $925,000 and a bottom price of $265,000. But unlike the inventory price the median sales price is not in the middle is resides at $565,000. This is still a pretty hefty price but about $100,000 below where it was last year at this time.
Posted by gandlwoods at December 6, 2008 07:12 AM