The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory is up by 13% to 67 but the number of escrows is way up by 63%. All of this activity has only given 16 sales this year however which is exactly the same number we had last year at this time. The same number of sales has yielded an average sales price which has fallen 24% down to the current approximately $415,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings are down by 24% but the numbers of escrows has fallen only 3%. Unfortunately this drop of 3% in pending listings has lead to a drop of 15% in the numbers of sales with the average sales price also slipping by 15% down to the current approximately $850,000.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate North see the overall inventory down 2 with the numbers of escrows falling by 3. The good news is that even though the numbers of units and escrows have declined the numbers of sales is exactly where it was last year with 4 for both years. But even the sales are the same the average sales price is down by 34% to the currently approximately $540,000.