For the Santa Barbara Real Estate area of Montecito Real Estate for the first 10 months of ’06 in the Single Family Home market 143 homes closed escrow with a median sold price of $2,650,000 and an average sold price of $3,769,966. 275 homes came on the market with a median asking price of $2,995,000 and an average asking price of $4,392,376. Also for that period 143 properties went into escrow, 36 were withdrawn from the market, 50 listings cancelled, 88 expired and 77 came back on the market. Currently there are 133 homes for sale in the area with a median list price of $3,500,000 and an average list price of $5,165,052.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 10 months of ’06 in the Condo market 12 condos closed escrow with a median sold price of $1,692,500 and an average sold price of $1,595,291. 41 condos came on the market with a median asking price of $1,575,000 and an average asking price of $1,579,939. Also for that period 17 properties went into escrow, 12 were withdrawn from the market, 12 listings cancelled, 12 expired and 11 came back on the market. Currently there are 16 condos for sale in the area with a median list price of $1,155,000 and an average list price of $1,427,937.