For the Santa Barbara Real Estate area of Montecito Real Estate for the first 12 months of ’06 in the Single Family Home market 165 homes closed escrow with a median sold price of $2,700,000 and an average sold price of $3,710,542. 301 homes came on the market with a median asking price of $2,995,000 and an average asking price of $4,580,931. Also for that period 172 properties went into escrow, 51 were withdrawn from the market, 61 listings cancelled, 107 expired and 87 came back on the market. Currently there are 107 homes for sale in the area with a median list price of $3,700,000 and an average list price of $5,794,841.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 12 months of ’06 in the Condo market 20 condos closed escrow with a median sold price of $1,692,500 and an average sold price of $1,587,675. 44 condos came on the market with a median asking price of $1,549,000 and an average asking price of $1,611,874. Also for that period 25 properties went into escrow, 12 were withdrawn from the market, 13 listings cancelled, 15 expired and 13 came back on the market. Currently there are 11 condos for sale in the area with a median list price of $1,295,000 and an average list price of $1,598,909.