The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through January 16 ’10 is 9 compared to 20 for ’09. The new listings however are a different story with 1 last year and 4 this year. Escrows however are equal for both years with 2 in each skein but sales show us 1 in ’09 and nothing so far in ’10. That 1 sale in ’09 was for $375,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through January 16 ’10 there have been 32 active listings compared to 48 last year and 8 new listings last year compared to 4 this year. Even more dramatic is there were 8 escrows opened at the start of ’09 and so far none have appeared in ’10 and there were 3 sales in ’09 and just 1 this year. Last year the average sales price for the area was $923,333 and this year that 1 sale was for $525,000.
The PUD market for the Santa Barbara Real Estate area of Goleta South through January 16 there 2 active listings last year and 1 this year. Both years had no new listings and no escrows opened. But in ’09 there was 1 sale for $1,000,000 compared to none this year.