The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory is up by 30% and the numbers of new listings is up by 88%. All those condos have led to a doubling in ’09 of the properties that went into escrow but so far none of those escrows have closed because there are 0 sales compared to 3 in ’08.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings are down by 33% with the numbers of new listings down by 40%. With dramatically fewer properties to sell the numbers of escrows for ’09 is only down by 1 and the numbers of sales is up by 1. The big number however is the average sales price which dipped from just over $1 million last year to under $700,000 this year.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate North the overall inventory is up by 1 from last year but neither year saw any new listings. Escrows are up by 1 this year but sales are down by 2 with 0 being rung up this year.