March 15, 2006

Santa Barbara Real Estate Comparison of this Year vs. Last for Montecito through March 10, ‘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 16 for a total of 28 properties currently listed and the New Listings that came on this year are up by 6 for a 100% increase. The number of sales is down by 1 for a -20% decrease. The Average Sales Price is up. Last year at this time it was $1,491,000 and this year it’s at $1,730,000 for an increase of 16%.

In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 2 fewer properties on the market right now as opposed to last year for a total of 188, but there are more new listings this year with 67 for last year vs. 86 for this year. The sales are down with 31 this year vs. 53 last year for a -41% decrease. But the Average Sales Price is up from $2,999,607 last year to $3,678,371 this year for a 22% 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, there is 1 more new listing this year with 0 for last year vs. 1 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 down from $2,175,000 last year to $0 this year for a 100% decrease.

Posted by gandlwoods at March 15, 2006 08:05 AM