For Santa Barbara Real Estate’s Goleta Real Estate North for the Home Estate/PUD market there have been 61 sales this year compared to 67 last year for a 9% drop. The median sales price has declined at a slightly greater rate. The median sales price was $800,000 last year and it currently $710,000 for an 11.3% drop.
The gap is a lot wider however. This year the median list price is $1.349 million and when combined with the $710,000 giving us a -47.4% gap and last year there was a $929,000 median list price with a $800,000 median sales price for a -13.9% gap.
For the Goleta Real Estate North condo market there have been 15 sales compared to last year when there were 14. This puts the sales 7.1% ahead of where it was last year. The median sales price however has fallen from $500,000 last year down to $380,100 this year for a 24% drop. The however is another story altogether. Last year there was a median list price of $499,000 with a median sold price of $500,000 for a +0.2% gap and this year the median list price is $439,000 combined with the median sold price of $380,100 gives us a -13.4% gap.