For the Santa Barbara Real Estate area of Montecito Real Estate for the first 2 months of ’07 in the Single Family Home market 22 homes closed escrow with a median sold price of $2,881,250 and an average sold price of $3,969,045. 57 homes came on the market with a median asking price of $3,450,000 and an average asking price of $5,446,998. Also for that period 32 properties went into escrow, 8 were withdrawn from the market, 12 listings cancelled, 27 expired and 18 came back on the market. Currently there are 104 homes for sale in the area with a median list price of $3,550,000 and an average list price of $6,116,104.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first two months of ’07 in the Condo market 8 condos closed escrow with a median sold price of $1,500,000 and an average sold price of $1,729,375. 11 condos came on the market with a median asking price of $1,369,000 and an average asking price of $1,505,727. Also for that period 7 properties went into escrow, 2 were withdrawn from the market, 2 listings cancelled, 5 expired and 0 came back on the market. Currently there are 8 condos for sale in the area with a median list price of $1,275,000 and an average list price of $1,438,625.
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