For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 7 months of ’10 for the Home Estate/PUDs market there have been 59 sales compared to 50 last year but the median sales price has dropped from $705,000 last year to $665,000 this year. The average sales price has also declined from $870,000 last year to $665,000 this year but the numbers of escrows is up by 2 rising from 54 in ’09 to 56 in ’10. While the median list price on those escrows remains stable at $725,000. Right now there are 44 Home Estate/PUDs available for purchase in Goleta South with a median list price of $860,000 and an average list price of $1.275 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first seven months of ’10 for the condo market there have been 27 sales compared to 41 last year and the median sales price has dropped from $455,000 last year to $355,000 this year. The average sales price has also dipped from $440,000 in ’09 to $365,000 in ’10. The numbers of escrow has fallen dramatically from 50 last year to 31 this year with the median list price on those escrows dropping from $460,000 last year to $345,000 this year. Right now there are 6 condos available for purchase in Goleta South with a median list price of $490,000 and an average list price of $500,000.