For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market there have been 73 sales so far this year compared to 70 last year. But the median price last year was almost $900,000 and this year it’s $732,000. Thus far there have been 80 properties go into escrow with a median list price of $725,000 and last year there were 67 escrows opened with a median list price of $899,000. So far in ’08 we’ve had 149 new properties come on the market with a median list price of $799,500 compared to last year when there were 163 new properties that entered the market place with a median list price of $899,000. Right now there are 39 Home Estate/PUDs for sale with a median list price of $1,099,000.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate we’ve had 57 sales with a median sales price of $565,000 and last year there were 68 sales at this time with a median sales price of $536,500. So far in ’08 we’ve had 55 condos enter escrow with a median list price of $569,000 and last year there were 67 escrows at this time with a median list price of $549,000. This year we’ve had 88 new condo listings with a median list price of $539,000 and last year at this time a whopping 131 listings had come on the market with a median list price of $575,000. Right now there are only 24 condos available in Goleta South with a median list price of $537,000.