For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD there have been 62 sales through September 15th ’09 compared to the same time period last year when there were 60 for a modest 3.3% arise. The median sales price has declined only by 8.6% down to $700,000.
The gap for ’09 is 33.3% with a $1.05 million median list price compared to a $700,000 median sold price. In ’08 the gap was less than half residing at 15% with a $899,000 median list price compared to a $766,000 media sold price.
For the condo market in Goleta Real Estate South the sales are up 9% with a total of 51 but the median sales price is down 22.2% to $455,000. There is no gap this year because the median list price of $409,000 is 11.2% below the median sold price of $455,000. But this phenomenon occurred last year when the median list price was $555,000 and the median sold price was $585,000 for a +5.4% gap.
Posted by gandlwoods at September 27, 2009 08:03 AM