For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 5 months of 09 for the Home Estate/PUD market weve seen 33 sales compared to 34 for 08. Sales should start dropping in the area however because the numbers of new listings has fallen from 82 in 08 to 65 for 09. The median sales price seems to have about stabilized at $700,000 for the year down from $782,500 last year. The pended listings are about 10% ahead of last years figure but the median list price for those pended properties is down to $719,000 from $799,500. Right now the there are just 40 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of $1.375 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first five months of 09 in the Condo market there have been 19 sales compared to 29 last year. The median sales price has fallen from $615,000 in 08 down to $410,000 in 09. The sales have fallen because the numbers of new listings has fallen from 57 last year to 46 this year and the median list price for those properties went from $539,500 last year to $469,000 this year. Interestingly enough the pended listings are actually up from 30 last year with a median $629,000 median list price to 38 listings this year with a median list price of $419,000. Right now there are just 15 condos available for purchase in the Goleta South area with a median list price of $523,000.
Posted by gandlwoods at June 9, 2009 07:55 AM