The real estate market is ever-changing, and it can be challenging to keep track of the latest updates. If you're a home buyer, seller, or real estate investor, you need to know what's happening in the market to make informed decisions. In this blog post, we'll be discussing the real estate market update for Goleta in June 2021. We'll be focusing on the houses and condos market, which is ideal for those who are looking to make a move in this area.

Let's start with houses. As of the end of June, there were only nine active house listings in Goleta, which is less than last month and pretty much the same as last year. This shows that there's still a significant shortage of homes in Goleta, compared to the 40-50 range we used to see. Despite that, there were 19 closings in June that sold within nine days on the market at 2% over the list price. The median sale price for those homes was $1,870,000, which is up from last month and last June and is actually the second highest-ever month in Goleta. This means that despite the low inventory, the demand for houses in Goleta is still high and prices continue to rise.

Now, let's move on to condos. In June 2021, there were only nine active condos on the market in Goleta, which is the same as last month, and still very low. However, there were 13 closings that sold within nine days on the market at around 2% over the list price. The median sale price for condos was $900,000, which was lower compared to last month and last June. Thus it shows that there's still some stability in the condo market in Goleta.

In conclusion, the real estate market in Goleta continues to be in favor of the sellers, as there's still a shortage of houses and condos in the area. The demand for houses in Goleta is still very high, with the median sale price of $1,870,000 being the second highest month ever. The condo market in Goleta is also relatively stable, with a median sale price of $900,000. If you're a home buyer, seller, or real estate investor, you need to keep a close eye on the market trends. The real estate market in Goleta can change quickly, so act fast if you want to make a move. In our upcoming blog, we'll be discussing the luxury markets of Hope Ranch and Montecito, so stay tuned!