Santa Barbara Real Estate’s area of Montecito Real Estate for Home Estate/PUDs for the middle of October to the middle of November shows us that there were 13 sales as opposed to 11 the previous 30 days. The median sales price is also exactly the same with $2,950,000 in October to the current $2,950,000. The average days on the market has increased from 104 two months ago to 122 currently. But in October there were 15 properties that entered escrow and currently there are 13. The inventory is up slightly from 114 in October and currently it’s 122. The Median Listing price of that inventory is down, two months ago $3,925,000 and currently its $3,775,000.
Montecito Real Estate Condominiums in the Santa Barbara Real estate has changed. In October there were 0 closings and currently there are 2. In October the Median Sales price $0 and in November it’s $1,512,000. When you’re only dealing with 2 sales the numbers can be greatly skewed so I don’t think this is a trend, just an anomaly. The inventory is up from where it was two months ago, with 19 condos currently available and 15 available then. The Median Listing price of the currently available properties is down however. Right now it’s $1,699,000 and in October it was $1,780,000.
Check Out Montecito Real Estate on Squidoo