In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market 7 properties closed escrow from May 5 to June 5 ‘09. Last year during the same period there were also 7 closed properties. Interestingly enough the median sold price last year was $699,000 and this year it was just $1,000 higher at $700,000. The pending listings are also very close together. This year there were 7 with a median list price of $739,000 and last year there were 8 with a median list price of $749,000. The listings are definitely slowing down in Goleta South because last year there were 20 new listings with a median list price of $899,000 and this year there were 7 with a median list price of $875,000. Right now there are just 38 Home Estate/PUDs available for purchase with a median list price of $1.375 million and an average list price of $1.421 million.
For the condo market in Goleta Real Estate South shows us 8 sales for the period with a median sales price of $457,000. Last year at this time there were 7 closings with a median sales price of $585,000. This year there were 12 condos that went into escrow with a median list price of $489,000 and last year there were just 4 escrows opened with a median list price of $425,000. The inventory appears to be growing in Goleta South with 14 new listings coming on for this year with a median list price of $523,000 and last year there were 11 new listings with a median list price of $509,000. Currently there are just 18 condos available in Goleta South with a median list price of $523,000 and an average list price of $535,666.