For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate for the period of 12/11/08 to 1/11/09 there have been 8 sales with a median sales price of $882,500 compared to only 1 sale at this time last year. That one sale went out at $780,000. The 8 sales this year had an average marketing time of 105 days with an average escrow period of 35 days for a total of 140 days.
For Condominiums for Goleta Real Estate South for the same time period there were 3 sales with a median sales price of $290,000 whereas last year at this time there were 6 sales with a median sales price of $440,000. To get those 3 condo sales the average days on the market was 241 days but once the offer was accepted escrow took only 30 days. But that means the total marketing time was 271 days or just about 9 months.