Stats for Goleta, SB, Summerland, Carp.
48 homes sold in February, 30 of those sold were below $1M
$720,000, Median Sales Price
85% sales price from original listed price
Sales Prices equivalent to late 2003-2004
Highest sale in February $3,850,000 (Bella Vista, Montecito)
Lowest sale in February, $200,000 (home on leased land off Painted Cave)
Escrow fall-through, up, ~30%
Median Sales Price down -33.9%
Average Sold Price down -52.9%
Average Sold Price (without Montecito and Hope Ranch) down -32.8%
Average Sales Price in Montecito, down 52% (lack of higher end sales)
2008 $5,647,000
2009 $2,670,000
Average Sales Price in Hope Ranch, down 28%
2008 $3,288,000
2009 $2,360,000
Tuesday, March 17, 2009
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