For Santa Barbara Real Estate in the Montecito Real Estate area there are 128 Home Estate/PUDs currently on the market with the top priced property selling for $47 million. But, there are some bargains in Montecito because the least expensive home can be had for just under $1 million. Still, the median list price for homes in Montecito is $3,950,000.
Currently there are 15 Home Estates in escrow in Montecito with the highest priced property, which has started the buying process showing up at $$6,950,000. On the other end of the scale there’s a property, which is listed for just $995,000 that’s gone into escrow. Even so, the median list price for homes in escrow is $2,250,000.
Through July 24 there have been 91 Home Estates complete the sales process. Up at the top of the heap is one that went out for $31,000,000 but the least expensive home closed for $900,000. This huge range yields a median sales price of $3,700,000.
For Montecito Real Estate in the Santa Barbara area Condominiums there are currently 17 properties available for purchase. On the top of the ladder is one listed for $5,900,000 and all the way down at the bottom a condo can be had for just $769,000. This huge diversity doesn’t give us a price in the middle but it does give us a median list price of $1,525,000.
Currently there are 2 condos in escrow in Montecito with a high asking price of $895,000 and a low of $760,000. This means that’s what moving in Montecito is definitely below $1 million.
Through July 24th we’ve had 10 condos close escrow in Montecito with a high of $4,300,000 and a low of $799,950. Landing in the middle of the spectrum we see a median sales price of $1,580,000.