January 09, 2013

Goleta South Real Estate for Santa Barbara Real Estate for all of 12 compared to all of 11

For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market we finished the year 125 sales, 43 sales above where we did in 11. This is a 35.9% rise year over year and the median sales price rose about 7.6% for the year up to $640,000 from $594,950 the previous year. The listings that entered escrow are way up by almost 47.5% from 99 to 146 and the median list price for those homes entering escrow is up by about 13.8% to just below $660,000 rising from $579,000. Right now there are just 11 Home Estate/PUDs available for purchase in Goleta South with a median list price of $1,395,000 and an average list price of $2.312 million.

For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate there were 23.5% more sales in 12 compared to 11 finishing the year with 63 up from 51. The median sales price fell however from $355,000 in 11 down to $305,000 in 12. This is a decline of over 14%. The escrows are also up from 54 in 11 to 61 in 12 with the median list price going from $349,500 in 11 to $319,900 in 12 for an 8.5% drop. Right now there are just 2 condos available for purchase in Goleta South with a median list price of $364,000 and an average list price of $364,000.

Posted by gandlwoods at January 9, 2013 06:51 AM