For the Santa Barbara Real Estate area of Montecito Real Estate for all of ’07 in the Single Family Home market 175 homes closed escrow with a median sold price of $2,900,000 and an average sold price of $3,743,103. 271 homes came on the market with a median asking price of $3,195,000 and an average asking price of $4,261,518. Also for that period 167 properties went into escrow, 44 were withdrawn from the market, 50 listings cancelled, 105 expired and 74 came back on the market. Currently there are 101 homes for sale in the area with a median list price of $3,600,000 and an average list price of $6,706,143.
For the Santa Barbara Real Estate area of Montecito Real Estate for all of ’07 in the Condo market 24 condos closed escrow with a median sold price of $1,225,000 and an average sold price of $1,645,625. 40 condos came on the market with a median asking price of $1,450,000 and an average asking price of $1,759,498. Also for that period 20 properties went into escrow, 6 were withdrawn from the market, 9 listings cancelled, 14 expired and 10 came back on the market. Currently there are 15 condos for sale in the area with a median list price of $1,795,000 and an average list price of $1,971,663.
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