Through the middle of July 08 for Montecito Real Estate weve seen 86 Home Estate/PUDs compared to the 07 mark of 110. This is a drop of about 20% in the numbers of sales but this is the end of the bad news. The median sales price is up by over 20% and the average sales price is up over 30%. The Days on the Market are basically unchanged year over year with 08 posting 105 days as compared to 07 when it was 99.
For Condominiums in Montecito Real Estate there have 9 sales this year which is down from the 07 number of 19 which is a drop of about 50%. But just like with Home Estates bot the median and average sales figures are up. The Median Sales Price has risen by a modest 7% and the average sales numbers are up by approximately 5%. Even the Days on the Market look better compared to 07 when it was 102. This year its at 92 days to get an accepted offer.
Posted by gandlwoods at July 17, 2008 08:38 AM