January 11, 2010

Goleta North Real Estate for Santa Barbara Real Estate for’09 compared to ‘08

For the Goleta Real Estate North area of Santa Barbara Real Estate the Home Estate/PUD market we finished the year with 12 more sales than occurred in ’08 for about a 10% rise in productivity. The median sales price dropped about 12% however going from $800,000 in ’08 down to $705,000 in ’09. The numbers of pended listings was also up by almost 10% going from 155 in ’08 to 169 in ’09 and the median list price for those pended listings dropped from $824,900 in ’08 to $729,000 in ’09 for almost a 12% decline. Right now there are just fewer than 60 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $1.05 million and an average list price of about $2.17 million.

For the Condo Market in the Goleta Real Estate North area of Santa Barbara Real Estate there were 56 sales in ’09 compared to 39 in ’08 for a 44% rise in sales. But in order to get that 44% rise the median sales price went from $465,000 in ’08 to just under $400,000 in ’09 for a drop of over 15%. The pended listings went up from 37 in ’08 to 62 in ’09 for almost 68% but the median list price on those 62 pended listings was just under $400,000 for a drop of 16%. Right now there are just 14 condo listings in Goleta North with a median list price of $425,000 and an average list price of just under $450,000.

Posted by gandlwoods at January 11, 2010 08:01 AM