For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eight months of 09 the numbers of sales have dropped by 14 down to 95 with the median sales price falling by about $140,000 from $850,000 to $708,000. The average has fallen even further from just over $1 million last year to $822,153 this year. The sales price to original list price ratio is over 90% however meaning that things seem to stabilizing as far as price is concerned in Goleta North. The numbers of escrow is exactly where it was last year with 111 and the median list price has fallen about $130,000 from $859,000 to $729,000. Right now there are just 64 Home Estate/PUDs available for purchase in Goleta South with a median list price of $1.275 million and an average list price of about $2.5 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eight months of 09 for condominiums is up by 7 with 31 closed transactions but the median sales price has fallen about $100,000 down to $370,000. The average sales price hasnt come down quite so far it fell from about $490,000 down to just under $400,000. The sales price to original list price ratio is hovering right about 90% again showing a mark of stability thats come into the market place. The numbers of pending properties is way up however from just 26 in 08 to 40 in 09 but the median list price of those properties has gone from $499,000 last year to $389,000 this year. Right now there are just 16 condos available for purchase in Goleta South with a median list price of $450,000 and an average list price of $475,368.