December 20, 2009

Santa Barbara Real Estate for Goleta North and the Gap between Median Sales and Median List Prices for 1/1/2009 to 12/11/2009

For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through October 9th shows us 121 sales compared to 118 in 08 for a 2.5% rise. But the median sales price fell from $850,000 in 08 down to $700,000 in 09 for a 18% drop.

The gap between the median list price of $1.275 million and the median sold price of $700,000 is a whopping 45%. Compared to last year when there was a $990,000 median list price and a $850,000 median sold price for a 14% gap.

For the condo market in Goleta Real Estate North through October 9th there have been 39 sales compared to last year when there were 29. This is a rise of about 35%. But the median sales price fell from $465,000 last year to $389,000 this year for a 16% drop.

The gap between the median list price of $439,000 and the median sold price of $389,000 gives us a 11.4% bulge. This compares to last year when the median list price was $500,000 and the median sold price was $465,000 for a 7% difference.

Posted by gandlwoods at December 20, 2009 08:16 AM