The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available is down by 23% to 81 with the numbers of new listings falling by 12% to 62. But with the inventory down the escrows are up by 17% to 54 with the sales at 41 for both years. With all that activity the average sales price is down by 17% to about $450,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the inventory is down by 14% to a total of 132 with the numbers of new listings down by 15% to 93. Amazingly with the inventory down the escrows are up by 8% to 62 but the sales have fallen by 4% to 48. The average sales price is almost exactly where it was last year at right around $910,000.
The PUD market for the Santa Barbara Real Estate area of Goleta South the overall inventory saw 10 listings for both year but 1 more new listing with 8. The escrows stand at 4 this year compared to 2 last year with 5 sales this year compared 3 last year. With more sales we get a higher average price up by 7% to $863,000.