For the Santa Barbara Real Estate area of
Montecito Real Estate for the first eleven months of ’05 in the Single Family Home market 190 homes closed escrow with a median sold price of $2,550,000 and an average sold price of $3,267,682. 266 homes came on the market with a median asking price of $2,895,000 and an average asking price of $4,067,716. Also for that period 186 properties went into escrow, 37 were withdrawn from the market, 43 listings cancelled, 100 expired and 51 came back on the market. Currently there are 99 homes for sale in the area.
For the Santa Barbara Real Estate area of
Montecito Real Estate for the first eleven months of ’05 in the Condo market 25 condos closed escrow with a median sold price of $1,400,000 and an average sold price of $1,565,880. 46 condos came on the market with a median asking price of $1,595,000 and an average asking price of $1,667,691. Also for that period 25 properties went into escrow, 3 were withdrawn from the market, 4 listings cancelled, 7 expired and 8 came back on the market. Currently there are 20 condos for sale in the area.