The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available is down by 50% for ’09 with the numbers of new condos coming on the market down by 62%. That dramatic fall in the inventory has given half the numbers of escrows we saw last year and 66% fewer sales. But amazingly those condos that have sold this year are up by 13%
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the inventory is down by 13% the numbers of new listings down by 6%. But with the inventory down the numbers of escrows is up by 85% with the sales exactly at the same level they were last year. But to achieve those numbers the average sales price is down by 23%.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate South has the inventory for the year exactly where it was last year but the new listings are 1 ahead of the ’08 level. Both years showed up escrows opened at this time but both years also have 1 sale but in ’09 that sale was $1 million and in ’08 that sale was $615,000.