For the Santa Barbara Real Estate area of Montecito Real Estate for the first 3 months of ’06 in the Single Family Home market 43 homes closed escrow with a median sold price of $2,495,000 and an average sold price of $3,895,104. 100 homes came on the market with a median asking price of $3,295,000 and an average asking price of $4,177,789. Also for that period 49 properties went into escrow, 7 were withdrawn from the market, 17 listings cancelled, 26 expired and 23 came back on the market. Currently there are 114 homes for sale in the area with a median list price of $3,595,000 and an average list price of $5,117,613.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first three months of ’06 in the Condo market 5 condos closed escrow with a median sold price of $1,730,000 and an average sold price of $1,569,000. 13 condos came on the market with a median asking price of $1,395,000 and an average asking price of $1,477,500. Also for that period 5 properties went into escrow, 1 was withdrawn from the market, 7 listings cancelled, 2 expired and 3 came back on the market. Currently there are 16 condos for sale in the area with a median list price of $1,345,000 and an average list price of $1,458,403.