June 28, 2006

Santa Barbara Real Estate Comparison of this Year vs. Last for Montecito through June 23, ‘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 24 for a total of 48 properties currently listed and the New Listings that came on this year are up by 14 for a 77% increase. The number of sales is down by 5 for a -35% decrease. The Average Sales Price is up slightly. Last year at this time it was $1,624,786 and this year it’s at $1,626,500 for an increase of 0%.

In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate and there are 3 more properties on the market right now as opposed to last year for a total of 306, and there are more new listings this year with 180 for last year vs. 204 for this year. The sales are down with 89 this year vs. 121 last year for a -26% decrease. But the Average Sales Price is up from $2,991,114 last year to $3,761,308 this year for a 25% increase.

In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito Real Estate there are exactly the same numbers of properties on the market right now as opposed to last year for a total of 2 and there are exactly the same numbers of new listings with 1 this year vs. 1 for last year. The sales are down up with 1 this year vs. 2 last year for a -100% decrease. And the Average Sales Price is down from $2,333,333 last year to $1,775,000 this year for a -23% decrease.

Posted by gandlwoods at June 28, 2006 06:19 AM