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Santa Barbara area Real Estate for Montecito Real Estate for the first 6 Months of ’15

Submitted by Gary Woods on Tue, 07/07/2015 - 12:30

For the Santa Barbara Real Estate area of Montecito Real Estate for the first 6 months of ’15 there have been 96 Home Estate/PUD sales compared to 95 last year and the median sales price has gone up from about $2.675 million to approximately $3.15 million this year. The average sales price is also up from $3.414 million last year to about $4.29 million this year. The numbers of escrows are down however from 103 in '14 to 98 in '15 with the median list price on those escrows rising from about $2.95 million to $3.085 million. Right now there are 112 Home Estate/PUDs available for purchase in Montecito with a median list price of $4.547 million and an average list price of about $7.284 million.

For the Santa Barbara Real Estate area of Montecito Real Estate for the first six months there have been 20 sales compared to 8 last year. The median sales price this year is $1.275 million with the average price just under $1.5 million. Last year those 8 sales had a $1,357,000 median sales price and a $1,792,437 average sales price. The numbers of escrows is also up from 9 last year to 19 this year with the median list price on the 9 escrows at $1,199,000 and for the 19 escrows this year the median list price at $1.075 million. Right now there are 10 condos available for purchase in Montecito with a median list price of $1,622,500 and an average list price just slightly higher at $1.782 million.