May 23, 2007

Santa Barbara Real Estate Comparison of this Year vs. Last for Montecito through May 17, ‘07

In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus what was on the market last year at this time is down by 7 for a total of 37 properties that have been active this year and the New Listings that came on this year are down by 6 for a -21% decrease. The number of sales is up from where it was last year for a 137% increase, but the Average Sales Price is down. Last year at this time it was $1,717,500 and this year it’s at $1,716,053 for a decrease of -0%.

In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 9 more properties that have been active this year as opposed to last year for a total of 278, but there are fewer new listings this year with 169 for last year vs. 159 for this year. The sales are up with 68 this year vs. 85 last year for a 25% increase. But the Average Sales Price is down from $3,746,528 last year to $3,558,590 this year for a -5% decrease.

In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito Real Estate there are exactly the same numbers of properties that have been active this year as opposed to last year for a total of 1 and there are exactly the same numbers of new listing with 0 for last year vs. 0 for this year. The sales are exactly the same with 1 this year vs. 1 last year for a 0% increase. But the Average Sales Price is up from $1,250,000 last year to $2,325,000 this year for an 86% increase.

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Posted by gandlwoods at May 23, 2007 08:21 AM
Comments

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Posted by: Michael Brief at May 23, 2007 03:23 PM