In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the numbers of listings for all of 08 is down by 3 bit the numbers of new listings is up by 1. The numbers of escrows is way behind this year with 0 as opposed to 3 last year. Also the numbers of sales are down with 1 closing this year as opposed to 5 last year. The Average Sales is up however. Last year it was $1,377,000 and now its $1,750,000 for a 27% gain.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate the overall numbers of units for sale is up by a mere 2% but the numbers of new listings is down by 1. We see 1 less escrow this year as opposed to last but 3 fewer sales so far this year. The Average Sales price at this time last year was $3,628,750 and currently its a whopping $5,408,286.
In the Santa Barbara Real Estate area of Montecito Real Estate for the Planned Unit Development Market the numbers of units to sell is off dramatically. Last year there was 1 total property on the market for the year and this year there has been on. And for both 07 and 08 there have been no new listings. Zeros are also posted for 07 and 08 for Escrows and Sales.
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