For the Santa Barbara Real Estate area of Montecito Real Estate for the first 2 months of ’06 in the Single Family Home market 26 homes closed escrow with a median sold price of $2,437,500 and an average sold price of $3,557,480. 67 homes came on the market with a median asking price of $2,795,000 and an average asking price of $4,254,940. Also for that period 36 properties went into escrow, 5 were withdrawn from the market, 12 listings cancelled, 18 expired and 14 came back on the market. Currently there are 100 homes for sale in the area.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first two months of ’06 in the Condo market 3 condos closed escrow with a median sold price of $1,730,000 and an average sold price of $1,708,333. 8 condos came on the market with a median asking price of $1,595,000 and an average asking price of $1,546,125. Also for that period 4 properties went into escrow, 1 was withdrawn from the market, 7 listings cancelled, 2 expired and 2 came back on the market. Currently there are 12 condos for sale in the area.