From 12/11/08 to 1/11/09 in Montecito Real Estate for the Home Estate/PUD market there were 11 sales with a median sales price of $2.725 million. At this time last year there were 8 sales but the median sales price was a whopping $4.15 million. For the 11 sales it took an average of 96 days to get an accepted offer and just 25 days to close the escrows for a total selling time of 121 days.
For Condominiums for the same time period in Montecito Real Estate nothing has sold this year and last year there was just 1 sale with a selling price of $1.75 million. At least starting off this year it still looks tough for the Montecito Condo market.
Posted by gandlwoods at January 15, 2009 07:29 AM