For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 12/11/08 to 1/11/09 there were 9 sales with a median sales price of $691,650. Last year for the same time period there were 13 sales with a median sales price of $860,000. To get those 9 properties into escrow it took an average of 88 days and when you add an average 31 day escrow period on that time you come up with a total marketing time of 128 days or about 4 and a half months.
For Condominiums on the North Side of Goleta Real Estate there has been only 1 sale for the period with a sales price of $128,800 and last year at this time there were 2 sales with a median sales price of $614,500. For that 1 sale it took just 10 days to get an accepted offer with escrow taking another 44 days. Still a total of 54 days isn’t too bad to get into a new home.
Posted by gandlwoods at January 20, 2009 07:34 AM