For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD there have been 104 sales compared to 111 last year for a 6.3% drop. This drop is remarkable because the inventory for the area has fallen about 20%. The median sales price however has declined from $850,000 to $707,500 for a 17% drop.
The gap this year is rather large with a $1.279 million median list price compared to that $707,500 median sold price for a 45% bulge. Last year the gap was only 9% with a $935,000 median list price compared to a $850,000 median sold price.
For the condo market in Goleta Real EstateNorth the sales are up 22.2% with a total of 33. But the median sales price has fallen 28% down to $340,000. The gap this year stands just north of 25% with a $458,000 median list price compared to that $340,000 median sold price. Whereas last year the gap was about 6% with a $499,000 median list price compared to a $470,000 median sold price.
Posted by gandlwoods at September 28, 2009 08:06 AM