For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market we finished the year 4 sales above where we did in 09. This is a 5% rise year over year. But on the other side of the coin the median sales price declined about 5% for the year down to $700,000. The listings that entered escrow however are up by almost 20% with the median list price for those homes entering escrow falling by about 7% down to just below $700,000. Right now there are just 24 Home Estate/PUDs available for purchase in Goleta South with a median list price of $989,000 and an average list price of $1.6 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate there were 10% more sales in 09 compared to 08 finishing the year with 66. The median list price however fell from $551,900 in 08 down to $450,500 in 09. This is a decline of almost 20% which is a theme that has carried through most of the districts and property types. The escrows are also up from 59 in 08 to 74 in 09 with the median list price maintaining that $100,000 differential going from $565,000 in 08 to $449,000 in 09 for more than a 20% drop. Right now there are just 4 condos available for purchase in Goleta South with a median list price of $525,000 and an average list price of $532,474.