For Santa Barbara Real Estate’s Goleta Real Estate South area for the Home Estate/PUD there have been 35 sales and last year at this time there were 35 sales. What’s different is the median sales price which has fallen about 10% from $780,000 last year to $700,000 this year.
The gap has also widened dramatically this year where we see a $1.2 million median list price to go with the $700,000 median sales price for a -43.1% gap and last year there was a $799,999 median list price to go with the $780,000 median sold price for a time -2.5% gap.
For the condo market in Goleta Real Estate South the numbers are a mess. There have been 23 sales compared to 30 last year at this time for a 23.3% drop. These two numbers continue to get closer together the farther we get in the year. The median sales price however has gone down from $607,000 last year to below $400,000 this year for a 34.9% drop.
The gap however shows a huge shift. This year the median list price is $523,000 and with a median sales price of $395,000 that gives us a -24.5% compared to last year then the median list price was $529,500 combined with a median sales price of $607,000 gave us a +14.6% gap.
Posted by gandlwoods at June 25, 2009 09:32 AM