Everyone keeps asking me if the market slowing down? Take a look at the pending sales in the grid below with special note to the days on market (DOM). With a couple of exceptions, most of the properties are selling in less than 10 days! Asking and sale prices are higher than at the beginning of the year. Some of the asking prices were a bit too high, hence longer DOM, but generally the market HAS NOT slowed down. The number of sales is slightly lower than last year, but that is due to homeowners deciding to hold on for the time being, as they watch property values continue to recover from the great recession. Interest rates continue to stay favorable for homebuyers, and this is expected to continue through the end of 2014. The upward cycle of price recovery will continue into 2015 barring some catastrophic economic event.
Drought Tips And Links
The Goleta water district declared a stage 1 water shortage in March calling for a 20% reduction in water use. Check out The Virtual Garden Tours section on the water district’s website to see plant types that are currently beautifying homes in the area while using much less water than a thirsty lawn. We can all save water through indoor and outdoor conservation. The district’s website is www.goletawater.com.
Highest/Lowest sales in Goleta, June 2014
- 33 Dearborn Pl #41, 1 bedroom 1 bath La Goleta Condo $274,900
- 4760 Via Los Santos, 4 bedroom 5 baths, $1,762,500
Condominiums and houses currently for sale
| Status | Address | Price | Beds | Baths | Sq. Ft. | DOM |
| Active | 239 Mathilda | $414,000 | 1 | 1.5 | 885 | 31 |
| Active | 452 Linfield Pl. #D | $459,000 | 2 | 1 | 1008 | 64 |
| Active | 7190 Georgetown | $489,500 | 2 | 1 | 926 | 31 |
| Active | 333 Pacific Oaks Rd | $650,000 | 2 | 2.5 | 1411 | 11 |
| Active | 211 Pebble Beach | $765,000 | 4 | 2 | 1348 | 51 |
| Active | 7377 Elmhurst Pl. Duplex | $1,050,000 | 5 | 2.5 | 2430 | 50 |
| Active | 7647 Anchor Dr. | $675,000 | 5 | 2.5 | 1797 | 38 |
| Active | 582 Mills Way | $565,000 | 1 | 1.5 | 1152 | 3 |
| Pending | 7630 Hollister Ave #120 | $354,000 | 1 | 1 | 622 | 125 |
| Pending | 452 Linfield Pl #K | $369,000 | 1 | 1 | 1,008 | 63 |
| Pending | 484 Linfield Pl #C | $375,000 | 2 | 1 | 959 | 2 |
| Pending | 7029 Marymount Way | $520,000 | 2 | 1.5 | 1054 | 8 |
| Pending | 475 Cannon Green #F | $595,000 | 3 | 2.5 | 1320 | 8 |
| Pending | 7281 Lowell Way | $749,000 | 4 | 3 | 2439 | 5 |
Closed Sales: Condominiums and houses
| Address | Sold Price | Bdrm | Baths | Sq. Ft. | DOM | Sale Date |
| 235 Mathilda Dr. | $362,500 | 1 | 1.5 | 885 | 15 | 5/16/14 |
| 407 Ellwood Beach Dr. | $422,000 | 2 | 2 | 1079 | 56 | 7/1/14 |
| 7630 Hollister Ave | $460,000 | 3 | 2 | 1370 | 84 | 3/4/14 |
| 7632 Hollister Ave | 427,000 | 2 | 2 | 1011 | 54 | 5/22/14 |
| 548 Mills Way | $485,000 | 2 | 2 | 1347 | 6 | 3/11/14 |
| 121 Ellwood Station | $485,000 | 2 | 2.5 | 1166 | 21 | 5/7/14 |
| 7059 Marymount Way | $509,000 | 2 | 2 | 990 | 4 | 6/10/14 |
| 319 Pacific Oaks Rd. | $500,000 | 2 | 1 | 951 | 85 | 7/1/14 |
| 391 Cannon Green Dr. | $537,000 | 3 | 1.5 | 1360 | 69 | 4/11/14 |
| 359 Canon Green Dr. G | $560,000 | 3 | 2 | 1360 | 4 | 6/27/14 |
| 302 LaSalle | $695,000 | 3 | 3 | 1881 | 27 | 3/10/14 |
| 7344 Elmhurst Pl. | $725,000 | 4 | 2 | 1458 | 269 | 5/2/14 |
| 311 Pebble Beach Dr. | $750,000 | 3 | 2 | 1257 | 7 | 4/9/14 |
| 7299 Fordham Pl | $855,000 | 3 | 2 | 2079 | 13 | 3/28/14 |
| 488 Daytona | $885,000 | 4 | 3 | 2000 | 11 | 4/30/14 |
| 492 Pacific Oaks Rd. | $850,000 | 3 | 2 | 1682 | 145 | 5/9/14 |
- Median condo price in Ellwood area through June 30, 2014: $475,000 18 sales
- Median home price in Ellwood area through June 30, 2014: $750,000 6 sales
July 2014 continues with brisk sales in the Ellwood/Santa Barbara shores areas.