For the Santa Barbara Real Estate area of Montecito Real Estate for the first 10 months of ’07 in the Single Family Home market 157 homes closed escrow with a median sold price of $2,800,000 and an average sold price of $3,570,526. 250 homes came on the market with a median asking price of $3,195,000 and an average asking price of $5,012,130. Also for that period 160 properties went into escrow, 34 were withdrawn from the market, 41 listings cancelled, 84 expired and 60 came back on the market. Currently there are 112 homes for sale in the area with a median list price of $3,775,000 and an average list price of $6,681,470.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first ten months of ’07 in the Condo market 22 condos closed escrow with a median sold price of $1,362,500 and an average sold price of $1,705,909. 35 condos came on the market with a median asking price of $1,335,000 and an average asking price of $1,642,357. Also for that period 18 properties went into escrow, 6 were withdrawn from the market, 4 listings cancelled, 11 expired and 9 came back on the market. Currently there are 17 condos for sale in the area with a median list price of $1,335,000 and an average list price of $1,467,382
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