For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate for 09 there have been 17 sales compared to 25 at this time last year. For most of 09 Goleta South has kept pace with the previous years numbers of sales but currently it is sliding back. Throughout the year the median sales price has remained about $100,000 the 08 number and currently that is still the case. In 08 we saw a $780,000 median sales price and currently it stands at $680,000. The good news is it has taken only an average of 70 days to get an accepted offer and then another 33 to get those 17 escrows closed.
For Condominiums for Goleta Real Estate South for the same time period there have been just 8 sales so far this year compared to 21 last year. The bulk of that discrepancy is because there was a new condo development which sold very well at the beginning of 08 and currently there is nothing to take the place of that development. The same can be said for the median sales price which went from $615,000 last year to the currently $381,750. So far this year those 8 sales have taken about 47 days to get an accepted offer and another 51 days of escrow time to get them closed.
Posted by gandlwoods at April 23, 2009 08:58 AM