In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for 07 versus what was on the market last year at this time is down by 16 for a total of 42 properties that have been active this year and the New Listings that came on this year are down by 15 for a -35% decrease. The number of sales is up for a 125% increase, and the Average Sales Price is up. Last year at this time it was $1,626,500 and this year its at $1,767,609 for an increase of 8%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 15 more properties that have been active this year as opposed to last year for a total of 355, but there are fewer new listings this year with 240 for last year vs. 236 for this year. The sales are up with 132 this year vs. 116 last year for a 13% increase. But the Average Sales Price is down from $3,765,163 last year to $3,511,675 this year for a -6% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito Real Estate there are fewer properties that have been active this year as opposed to last year for a total of 1and there are fewer new listing with 2 for last year vs. 0 for this year. The sales are down with 1 this year vs. 2 last year for a -50% decrease. And the Average Sales Price is down from $1,775,000 last year to $2,325,000 this year for a 30% increase.
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