Through the middle of October 08 there have 126 Home Estate/PUD sales in Montecito Real Estate with a median sales price of $3.32 million and an average sales price of $4.5 million. These 126 sales had average days on the market of 112 and average days to close of 40 for a total marketing time of 152 days. Last year for the same period there were 151 sales with a median sales price of $2.86 million and an average sales price of $3.6 million.
For Condominiums for the same time period in Montecito Real Estate there have been 15 sales with a median sales price of $1.3 million and an average sales price of $1.7 million. For those 15 sales it took an average of 89 days to get an accepted offer then 47 to get that escrow closed. This gives us a total marketing time of 136 days. Last year for the same time period there were 21 sales with a median sales price of $1.25 million and an average sales price of $1.7 million.
Posted by gandlwoods at October 26, 2008 06:53 AM