For the Santa Barbara Real Estate area of Montecito Real Estate for the first 11 months of ’06 in the Single Family Home market 148 homes closed escrow with a median sold price of $2,687,500 and an average sold price of $3,798,244. 285 homes came on the market with a median asking price of $2,995,000 and an average asking price of $4,549,921. Also for that period 158 properties went into escrow, 42 were withdrawn from the market, 57 listings cancelled, 98 expired and 80 came back on the market. Currently there are 118 homes for sale in the area with a median list price of $3,500,000 and an average list price of $5,345,627.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 11 months of ’06 in the Condo market 16 condos closed escrow with a median sold price of $1,762,500 and an average sold price of $1,688,968. 42 condos came on the market with a median asking price of $1,549,000 and an average asking price of $1,593,392. Also for that period 21 properties went into escrow, 12 were withdrawn from the market, 13 listings cancelled, 14 expired and 12 came back on the market. Currently there are 13 condos for sale in the area with a median list price of $1,295,000 and an average list price of $1,557,307.