For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD there have been 51 sales compared to 52 last year but the median sales price has slid from $782,500 last year to $725,000 this year for about a 7.3% decline.
The gap hast widened out this year however spurting up to 37% with a $1.15 median list price compared to that $725,000 median sold price and in ’08 the gap was 9% going from the $859,000 median list price to the $782,5000 median sold price.
For the condo market in Goleta Real Estate South the numbers are a mess. There have been 41 sales compared to ’08 when there were 42 sales. But the median sales price has dropped from $585,000 to $455,000 for a 22% decline.
The gap this year is a miniscule 3% with that $469,000 median list price compared to the $455,000 median sold price but last year it was a +8.4% with the $539,500 median list price compared to the $585,000 median sold price.
Posted by gandlwoods at August 22, 2009 07:36 AM