For Santa Barbara Real Estate’s Goleta Real Estate North for the Home Estate/PUD market the area Median Sales through February 12th is $684,500 with 18 sales compared to last year when it was $810,000 on 15 sales. So this tells us the market is going in 2 different directions with the median sales price down by about 16% but the numbers of sales are up by 20%.
For the gap report both years come in almost exactly the same. In ’08 there was a gap of just over 16% and for ’09 that gap is just under 17%.
For the Goleta Real Estate North condo market there is no median sales price this year because there have been no sales. Last year there were 3 sales through February 12th with a median sales price of $470,000.
For the Gap report in ’08 there was just $5,000 difference between the median list price and the median sold price and again this year no sales yields no gap.