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The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through November 18, ’09 is down by 20% with the numbers of new listings falling by just 10%. But with the inventory down the numbers of escrows has gone up by 24% and the numbers of sales has risen by 16%. With sales up however the overall sold volume has slipped by 3% with the average sales price down by 16% to $450,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through November 18, 2009 is down by 15% with the numbers of new listings falling just a little further by 16%. But with the listings down the escrows are up by 12% with sales falling slightly by 2%. With sales falling the overall sold volume is basically flat from last year and the average sales price has actually gone up by 3% to the current number of $911,486.
The PUD market for the Santa Barbara Real Estate area of Goleta South through November 18, 2009 the inventory is exactly where it was last year at this time but the numbers of new listings has gone up by 4. With the inventory flat the escrows are up by 1 with the sales remaining at 5 for both years. The overall sold volume has gone up by 18% even though sales remained the same and the average sales price also rose by 18% up to about $590,000.