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.