In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market 4 properties closed escrow from March 24 to April 24. This compares to the same period for ’08 when there were 13 homes sold. The median sales price for that period dropped $200,000 down to the current $550,000. On the other hand the pending listings have gone up from the ’08 number of 9 to the ’09 number of 13. Interestingly enough the median list price last year was $799,500 and this year that number is $759,000. The numbers of new listings has declined this year to 15 with a median list price of $985,000 and last year there were 23 new listings with a median list price of $745,000. Currently there are 44 Home Estate/PUDs available for purchase in Goleta south with a median list price of $1.35 million.
For the condo market in Goleta Real Estate South shows us 7 sales for the period with a median sales price of $410,000. Last year at this time there were 8 sales with a median sales price of $617,500. For the same period there were 5 escrows opened last year with a median list price of $549,500 compared to this year when 11 escrows opened with a median list price of $309,000. The numbers of new listings has fallen by more than half. Last year there were 11 that came on the market with a median list price of $515,000 and this year there were 5 that came on with a median list price of $399,000. Currently there are 21 condos available for purchase in Goleta South with a median list price of $525,000.