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Santa Barbara Real Estate for the 1st, 7 Months of ’15 for Montecito

Submitted by Gary Woods on Tue, 08/04/2015 - 12:30

For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven months of ’15 there have been 107 sales compared to 117 last year but the median sales price has risen from $2.795 million to about $3.1. The average sales price has also gone up from $3.718 million last year to $4.393 million this year. The numbers of escrow is down however from 125 to 117 while the median list price on those escrows is up rising from $2.95 million last year to $2.97 million this year. Right now there are about 115 Home Estate/PUDs available for purchase in Montecito with a median list price of $4.7 million and an average list price of $7.426 million.

For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven months of ’15 there have been 20 sales this year compared to 8 last year but the median sales price is down from $1,357,500 last year to $1,285,000 this year. The average sales price has also gone down from $1.792 million last year to $1.285 million this year. The numbers of escrows are up however from ’14 when there were 9 to 21 this year with the median list price on those escrows going up from $1,199,000 last year to $1,250,000 this year. Right now there are 12 condos available for purchase in Montecito with a median list price of $1,622,500 and an average list price of $2.016 million.