According to the recently released August Data Dashboard from the Santa Barbara South Coast Chamber of Commerce, the median home selling value in Goleta has decreased 3.2% from a year ago.
The chamber’s July 2022 numbers show that in Goleta, the current median home selling value is $1,392,700 compared to $1,439,250 a year ago, a $46,550 decrease or -3.2%.
Overall the south coast saw an increase in its median home selling value at $1,895,000 this year, compared to $1,639,000 a year ago, a $256,000 increase or 15.6%.
Single-family home sales in Goleta are down 8.4%, with 163 homes sold compared to 178 last year.
The median apartment rent on the south coast was up 11.6% at $2,293 compared to $2,054 last year, with a vacancy rate of 1.9%.
Goleta saw only two residential building permits issued to date, a 100% increase over last year.
For commercial real estate in Goleta, the current office vacancy rate is at 5.8%, a decrease of 0.4% from a year ago, and the industrial vacancy rate is at 2.8%, a decrease of 2.8% from a year ago.