For Santa Barbara Real Estate’s Goleta Real Estate North for the Home Estate/PUD market the area Median Sales price for the period of Jan. 1 through December 17 is $800,000 with 151 sales. This compares to ’07 when the median sales price was $939,000 with 139 sales. So just like with Goleta South it’s a case of good news, bad news. The median sales price has fallen about 15% but the sales are up almost 9%.
For the gap report it’s a matter of worse and worser. Last year the median list price was $1 below $1 million but the median sold price was $939,000 giving us a 6.1% gap. But this year the median list price has zipped up to $1.159 million with a median sold price of $800,000 giving us a gap of 31%. That 31% is a pretty darn big cavern to jump over for anybody.
For the Goleta Real Estate North condo market the median sales price is $467,500 with 38 sales whereas last year the median sales price $550,000 with 43 sales. That means that the median sales price dropped by 15.5% and the numbers of sold units fell by 11.6%. It’s just been a tough year for condos everywhere in Santa Barbara and Goleta North is no exception.
For the Gap report in ’07 the median list price was $527,500 while the median sold price was $550,000 which means that once again the sold price was higher than the list price for a 4.3% positive gap. But in ’08 we’ve got a median list price of $499,000 with a median sold price of $467,500 for a small gap of just 6.3%. When you put it all together that still means a flip flop of about 11% year over year.