For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 3 months of 09 for the Home Estate/PUD market the sales have been basically where they were for 08. But the median sales price has dropped about $75,000. The pending listings remain above the 08 level but the gap for 08 of $829,000 is widening when compared to this year and presently stands at $659,000. The number of new listings is almost exactly where it was last year but the median list price for 08 was $839,000 compared to $799,000 for 09. Right now there are 42 Home Estate/PUD listings in Goleta South with a median list price of $1.329 million and an average list price of $1.39 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first three months of 09 for the condo market there have been on 6 sales compared to 18 last year. For 09 the median sales price is $372,000 compared to 08 when it was $602,500. The pending listings arent quite as far apart as the sold listings but the gap is still significant. This year 9 condos have gone into escrow and last year 21 entered the buying process. The median list price for those 9 condos is just under $400,000 whereas last year it was about $640,000. The new listings are also down significantly from 37 in 08 with a median list price of $566,000 to 27 in 09 with a median list price of about $400,000. Currently there are 28 condos available for purchase in Goleta South with a median list price of $459,000 and an average list price of $456,729.