The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available is down by 43% for ’09 with the numbers of new listings down by 40%. The numbers of properties entering escrow has fallen even further and is down by 52% with the sales falling by 66%. But the average sales price has fallen only 10% for the year.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the inventory is down by 16% with the numbers of new listings falling by 20%. But escrows have only fallen by 2 with sales at exactly the same place they were last year. Even so the average sales price is down by 28% to $828,000.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate South has the inventory doubled to 6 properties with the numbers of new PUDs up by 4 from 0 last year. With that entire added inventory the numbers of escrows is up by only 1 with the numbers of sales standing at 1 for each year. And amazingly the average sales price went from $615,000 last year to $1,000,000.