The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available is off by 23% for the year with the numbers of new condo listings even farther at 35%. With that dramatic a drop in the inventory its amazing that the numbers of escrows is down by only 12% and the sales off by 18%. Its been a tough year everywhere for condos but not quite as bad for Goleta South. The sales are down by 22% but the average sales price is down by only 5%. But the overall sold volume has declined by 22%.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the inventory is up by about 5% for the year compared to 07 but the numbers of new listings is down by about 7%. The big push is in the numbers of escrows for the area which is up by 34% with the sales up by 20%. With all this increase in the numbers of units sold the overall sold volume has fallen but only by 2%. But the average sales price has declined by about 20%.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate South has the inventory for the year down by 20% with the numbers of new listings off by 35%. This drop in the numbers of units to sell leads to a drop in the numbers of escrows which are down by 44% as are the numbers of sales. With the average sales price down by 33% we see a drop in the overall sold volume of 63%.