For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate for ’09 there have been 44 sales compared to 46 last year at this time and the median sales price slid from $766,000 in ’08 down to $717,500 in ’09. The days on the market is exactly the same for both years standing at 74 and with the 44 day average escrow time the total marketing time for Goleta South stands at 118 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 32 sales which is exactly the same number that occurred last year at this time. But to achieve those sales the median sales price dipped from $607,000 in ’08 down to $412,000 in ’09. To add insult to injury it took 24 days longer to get an accepted offer so far in ’09 with an average DOM of 84. Once the 43 average escrow time is added in it is taking 127 days on average to get a property closed in Goleta South.
Posted by gandlwoods at July 17, 2009 08:56 AM