Santa Barbara Real Estate’s areas of Montecito Real Estate for Home Estate/PUDs the numbers of sales for the period we’re looking at is 10 compared to 12 for the same period in ’07. The median sold price is over $1 million above the figure for last year and the average sold price is about $1.4 million above ’07. It looks like the numbers of sales is going to continue at the same level because in ’08 for this period there have been 13 escrows open and in ’07 that number was 18. But, both the median and average list prices for those properties entering escrow are getting closer together. The median list price is about $750,000 above the figure for ’07 and the average list price is about $800,000 below the number for last year. Currently there are 146 Home Estate/PUDs available in Montecito with a median list price of just under $4 million and average list price of just about $7.4 million.
Montecito Real Estate Condominiums in the Santa Barbara Real estate there have been 2 sales for the last 30 days compared to 0 for the same period last year. The median sales price for this period is $1,325,000 as is the average sales price. For ’08 for this period there have been 2 condos enter escrow and last year there was 1. This year for the 2 that entered escrow have a median list price of just $760,000 and last year that number for the 1 was $1,025,000. Right now there are 19 condos available in Montecito with a median list price of $1,895,000 and an average list price of $2,112,157.