For Santa Barbara Real Estate in the Montecito Real Estate area currently 182 Home Estate/PUDs are for sale which means the inventory is growing in this area. At the top of the mark there’s a home listed for an amazing $47 million for interestingly enough a home can be had for under $1 million with the bottom priced listing showing up at $849,000. But don’t get your hopes up too high because the median list price for the area still sits at $4,450,000.
While 182 Home Estate/PUDs are available for purchase in Montecito there are only 9 that are currently in escrow. But those 9 have some pretty serious price tags. The most expensive listing in escrow right now is listed for $7,250,000 while the least expensive home shows up at $1,150,000. But again the median is somewhat north of that price showing up at $3,195 million or about $1.25 million below the current median list price.
Through November 26 139 Home Estate/PUDs have closed escrow in Montecito with the top priced home going out at $31 million. On the other end of the spectrum the least expensive home closed for just $900,000 but just like with the pending numbers the median sales price is definitely north of that number residing at $3.1 million.
For the Condo market in Montecito Real Estate there are currently 16 available with a top price of $3.495 million and a bottom price of just $729,000. Unlike the Home Estate inventory the condo inventory has stayed about the same and gives us a $1.889 million median list price.
Currently there’s nothin’ in escrow in for Montecito Condos. That’s right zero, zip, nada.
Through November 26th 17 condos have closed escrow with a $4.3 million and a $735,000 bottom price. The average sales price is almost $1.7 million but the median is about $400,000 down the road showing up at $1,381,500.
Posted by gandlwoods at December 1, 2008 09:06 AM