For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 5 months of 08 for Home Estate/PUDs we have seen 52 sales compared to 61 for 08. For most of the year sales have been ahead of the previous years pace but weve not fall back. The median sales price has also fallen by about $95,000 down to $716,000. The sales should continue to fall back because the numbers of new properties went from 133 in 08 to 107 in 09 with the median list price for those new properties falling from $899,000 to $849,000. The pended listings have declined from 66 to 63 this year with the median list price for those pended listings dropping from $869,000 in 08 to the current $775,000. Right now there are just 64 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $1.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first five months of 09 weve see 13 sales compared to 13 for 08. This becomes really remarkable because through February there was only 1 sale in the area. To get those 13 sales however took a $150,000 drop in the median sales price. The inventory has surged in the area going from 34 new listings in 08 to 43 in 09 with the median list price dropping from $509,000 last year to $399,000 this year. The pended listings are way ahead of last years number when it was just 16. Currently there have been 26 escrows opened but the median list price for those pended listings went from $519,000 to $359,000. Right now there are just 18 condos available for purchase in the Goleta North area with a median list price of $409,000.
Posted by gandlwoods at June 10, 2009 01:04 PM