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Montecito Real Estate for the first 5 Months of ’15 for Santa Barbara Real Estate

Submitted by Gary Woods on Tue, 06/09/2015 - 12:30

For the Santa Barbara Real Estate area of Montecito Real Estate for the first 5 months of ’15 for Home Estate/PUD sales are down to 72 from 73 in ’14. The median sales price is up from $2.465 million to $3.047 million with the average sales price rising from about $3.375 million to $4.156 million. The numbers of escrows are also down from 87 in ’14 with a median list price of about $2.95 million to 79 escrows with the median list price rising to about $3.175 million. Right now there are 105 listings available for purchase in Montecito with a median list price of $4.975 million and an average list price of $7.756 million.

For the Santa Barbara Real Estate area of Montecito Real Estate for the first five months for the condo market we have had 16 sales this year compared to 7 last year. The median sales price this year is $1,120,000 with the average sales price just over $1.431 million. Last year the 7 sales had a median sales price of $1,150,000 and an average sales price of $1,705,642. The numbers of escrows is up from 7 last year with a median list price of about $1,199,000 to 20 this year with a median list price of $1,035,000. Right now there are just 7 condos for sale in Montecito with a median list price of $1,675,000 and an average list price of $2.109 million.