For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 7 months of 09 there have been 50 sales which is exactly the same number that occurred in 08 to this time. But the median sales price has gone from $766,000 last year to the current $717,500. The escrows are slightly ahead this year with 54 rung up in 08 with a $779,000 median list price compared to 58 in 09 with a $729,900 median list price. The inventory is way down from the previous year so its rather amazing that sales have kept pace for the year. Right now there are only 41 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of $1.19 million and average list price of $1.25 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first seven months of 09 the numbers of sales is also exactly where it was last year with 40 rung up for both years. The median sales price is way down from the 08 level when it was $587,500 to the current number of $442,500. But the pending numbers are shooting ahead with 52 open escrows this year compared to 43 last year. But the median list price for those escrows was $600,000 last year and currently that number is $429,000. There are only 20 condos available for purchase in the Goleta South area with a median list price of $510,000 and average list price of $519,222.