February 22, 2006

Santa Barbara Real Estate Comparison of this Year vs. Last for Montecito through February 15, ‘06

In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus what was on the market last year at this time is up by 13 for a total of 23 properties currently listed and the New Listings that came on this year are up by 3 for a 75% increase. The number of sales are down however by 2 for a -50% decrease. The Average Sales Price is up slightly. Last year at this time it was $1,438,750 and this year it’s at $1,562,500 for an increase of 8%.

In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 19 fewer properties on the market right now as opposed to last year for a total of 157, but there are more new listings this year with 53 for last year vs. 57 for this year. The sales are down with 20 this year vs. 40 last year for a -50% decrease. But the Average Sales Price is up from $2,573,729 last year to $3,783,475 this year for a 47% increase.

In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito Real Estate there is 1 more property on the market right now as opposed to last year for a total of 2, but there is exactly the same number of new listing this year with 0 for last year vs. 0 for this year. The sales are down slightly with 0 this year vs. 1 last year for a -100% decrease. And the Average Sales Price is up from $2,175,000 last year to $0 this year for a -100% decrease.

Posted by gandlwoods at February 22, 2006 08:34 AM | TrackBack