For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD there have been 91 sales this year compared to 99 last year for a 9% drop in sales and the median sales price has gone down from $851,000 to $707,000 for a 17% drop.
The gap is a widening chasm this year with a $1.275 million median list price compared that $707,000 median list price for a 44.5% bulge. Compared to last year when the median list price was $899,500 against the $851,000 median sold price for a 5.4% gap.
For the condo market in Goleta Real Estate North the numbers are a mess. There have been 27 sales compared to 21 last year for a +28.6% rise. But the median sales price has gone down from $480,000 in ’08 to $370,000 in ’09 for a 23% drop.
The gap for ’09 is up to 16.5% with a $443,000 median list price compared to a $370,000 median sold price for a 16.5% bulge whereas in ’08 there was a $482,500 median list price with a $480,000 median sold price for a 0.5% gap.
Posted by gandlwoods at August 23, 2009 10:02 AM