For the Santa Barbara Real Estate areas of Montecito Real Estate for Single Family Homes there were 13 that closed escrow in Jan. ‘06 with an Average Days on the Market of 177 and a Median Sales Price of $2,167,500 and an Average Sales Price of $2,902,269. 35 properties came on the market with a Median Asking Price of $2,995,000 and an Average Asking Price of $4,391,485. 15 properties are currently in escrow with a Median Asking Price of $2,995,000 and an Average Asking Price of $4,601,933. Currently there are 95 Single Family Residences for sale in the area with a Median Asking Price of $3,780,000 and an Average Asking Price of $5,347,073. These homes have been on the market an average of 120 Days.
For the Santa Barbara Real Estate area of Montecito Real Estate for Condominiums there was 1 that closed escrow in Jan. ‘06 with an Average Days on the Market of 98 and a Median Sales Price of $1,395,000 and an Average Sales Price of $1,395,000. 3 properties came on the market with a Median Asking Price of $1,600,000 and an Average Asking Price of $1,494,666. 1 property is currently in escrow with a Median Asking Price of $1,825,000 and an Average Asking Price of $1,825,000. Currently there are 13 Condos for sale in the area with a Median Asking Price of $1,600,000 and an Average Asking Price of $1,575,769. These condos have been on the market an average of 95 Days.