For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/09 to 7/9/09 there have 75 sales compared to 81 last year. With the decline in numbers of sales the median sales price has dipped from $850,000 down to $704,000. The good news is that it took slightly less time to get an accepted offer this year with the time dipping from 74 days in ’08 down to 65 in ’09. But when you add in the 60 days of average escrow time you come up with an average of 125 days to get a completed sale.
For Condominiums on the North Side of Goleta Real Estate there have been 20 sales for the time period we’re discussing compared to 18 last year. But the median sales price has slid from $485,000 down to $408,500 for that time period. The good news is that it took only 54 days on average to get an accepted offer compared to 92 last year. But when you add in the 42 average days of escrow time the total marketing time comes to 96 days.
Posted by gandlwoods at July 18, 2009 07:43 AM