For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market there have been 79 sales through the end of November ’09 compared 74 sales for the same period in ’08. This year the median sales price has been $700,000 and last year it was $731,000. The average sales price for ’09 has been about $885,000 and in ’08 it was about $865,000. For the same time period there have been 92 escrows opened with a median list price of $719,000 and last year there were 73 escrows opened with a median list price of $745,000. Through November this year there have been 132 new listings with a median list price of just under $800,000 and last year there were 149 new listings with a median list price of just under $800,000. Right now there are just 27 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of $989,000.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate we’ve had 63 sales in ’09 compared to 57 in ’08. The median sales price slid however from $565,000 in ’08 to $451,000 in ’09. The average sales price also dropped from about $535,000 in ’08 to about $440,000 in ’09. Through November ’09 there have been 71 escrows opened with a median list price of about $450,000 and in ’08 there were 56 escrows opened with a median list price of $565,000. So far this year there have been 77 new condo listings for Goleta South with a median list price of $455,000 and last year there were 88 new listings with a median list price of $529,000. Right now there are just 6 condo listings in all of Goleta South with a median list price of just under $500,000.