In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by 16 for a total of 56 properties currently listed and the New Listings that came on this year are up by 17 for a 51% increase. The number of sales however is down by 9 for a -21% decrease. Even though sales are off pretty dramatically for the area the Average Sales Price continues to rise. Last year at this time it was $1,307,309 and this year it’s up to $1,541,385 for an increase of 17%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito there are 55 fewer properties on the market right now as opposed to last year for a total of 431, and there are fewer new listings this year with 362 for last year vs. 308 for this year. The sales are down only slightly with 202 this year vs. 204 last year for a -0% decrease. But the Average Sales Price is up slightly from $2,992,266 last year to $3,194,132 this year for a 6% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito there are 5 fewer properties on the market right now as opposed to last year for a total of 3, and there are fewer new listing this year with 7 for last year vs. 2 for this year. The sales are down slightly with 3 this year vs. 4 last year for a -25% decrease. But the Average Sales Price is up from $1,921,250 last year to $2,333,333 this year for a 21% increase.
And in more Santa Barbara Real Estate news….
One Tuesday the Count Board of Supervisors unanimously approved Ty Warner’s plan to renovate the Coral Casino beach club in Montecito
Judge Thomas Anderle allowed the club’s Member Committee to voice its support of the plan so it looks like the renovation of the Coral Casino is a done deal.
It think we finally made it over the last hurdle.