For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of ’09 the numbers of sales have been very close to the ’08 numbers despite a dramatically reduced inventory. Last year there were 91 sales with a median sold price of $850,000 and this year there have been 88 sales but the median sales price has been $706,000. The pending sales are a little farther apart with 99 for ’08 and 91 for ’09 but the median list price is a little closer together with $869,000 last year compared to the current $749,000. There are only 65 Home Estate/PUDs available for purchase in the Goleta North area with a median list price of $1.249 million and average list price of $2.43 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of ’09 for condominiums is up compared to ’08 when there were 21 sales with a median sales price $480,000. This year there have been 2 sales but the median sales price has been $380,100. The trend should continue because the escrows are way up from 20 ’08 with a median list price of $519,000 to 36 this year with a median list price of $372,000. Right now in the Goleta North area there are only 14 condos available for purchase with a median list price of $439,000 and average list price of $447,485.