For the Santa Barbara Real Estate area of Goleta Real Estate South for the first month of ’09 in the Single Family Home market 4 homes closed escrow with a median sales price of $862,500 and last year for the same period 6 homes closed escrow with a median sales price of $922,500. The good news is that this year 11 homes entered escrow but the median list price I just $659,000. This compares to last year when there were just 4 escrows opened with a median list price of $829,000. So far this year 11 homes have come on the market in Goleta South with a median list price of $769,000 and last year there were 14 new listings with a median list price of $800,000. Right now there are just 33 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of $1.35 million and average days on the market of 154.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first month of ’09 in the Condo market 2 condos closed escrow with a median sales price of $657,250. This compares to last year when there were 5 sales with a median sales price of $570,000. So far this year there have been 4 escrows open with a median list price of $349,900 and in ’08 there were 6 escrows opened with a $625,000 median list price. Only 4 new condo listings came on for ’09 with a median list price of $375,500 and in ’08 there were 12 new listings with a median list price of $574,000. Right now there are 15 condos available in Goleta South with a median list price of $566,000. Those 15 condos have been on the market an average of 174 days.