In the Montecito Real Estate for the Home Estate/PUD market there were 14 sales in September and 12 in August. But the median sales price slid down to about $2.1 million for the month from $3.25 the previous month and the average sales price went down to $3.5 million from $4.8 the previous month. The pending sales numbers were also very close together with 14 in August and 13 in September. But the median list price of those properties is reversed from the sales with a $3.75 median list price being posted in September and $2.195 posted in August. As far as new listings are concerned about the same number also showed up for both months. In August 29 appeared with a median list price of $4.995 and in September 27 showed up with a median list price of just $2.85.
For the Condo Market for Montecito Real Estate the doldrums continue for both months. In August there was 1 sale and in September there were 2. But the sales price for that one condo in September was $1.3 million and in August the median sales price was just $737,500. Both months had 1 property go into escrow but in August that 1 property was listed for $3.8 million and in September the one property was listed for $1.399. For both months 3 properties came on the market but in August the median list price was $995,000 and September that number was $1.495 million.