For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of ’07 in the Single Family Home market 13 homes closed escrow with a median sold price of $2,900,000 and an average sold price of $3,564,423. 37 homes came on the market with a median asking price of $3,822,000 and an average asking price of $5,801,918. Also for that period 15 properties went into escrow, 4 were withdrawn from the market, 7 listings cancelled, 21 expired and 8 came back on the market. Currently there are 108 homes for sale in the area with a median list price of $3,750,000 and an average list price of $6,098,722.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of ’07 in the Condo market 5 condos closed escrow with a median sold price of $1,475,000 and an average sold price of $1,377,000. 7 condos came on the market with a median asking price of $1,895,000 and an average asking price of $1,764,142. Also for that period 3 properties went into escrow, 1 was withdrawn from the market, 1 listing cancelled, 4 expired and 0 came back on the market. Currently there are 11 condos for sale in the area with a median list price of $1,850,000 and an average list price of $1,640,363.