For Santa Barbara Real Estate in the Montecito Real Estate area currently 158 Home Estate/PUDs are on the market with an average list price of about $7.3 million and a median list price of $4.35 million. The highest priced listing in Montecito is on the market for $47 million while the least expensive property is available for $899,000. The average marketing time for those 158 homes is 134 days.
Currently there are only 4 properties in escrow for Montecito with an average list price of $3.49 million and a median list price of $1.425 million. The highest priced home in escrow right now is listed for $7.995 million while the least expensive home in escrow is listed for $949,000. The average marketing time for those 4 properties is 90 days.
For the period we’re talking about 13 Home Estate/PUDs closed escrow in Montecito with an average sales price of $3.745 million and a median sales price of $2.725 million. The highest priced home closed for $10.6 million while the least expensive property went out at $865,000.
For the Condo market in Montecito Real Estate there are currently 13 available properties with an average list price of just under $2 million and a median list price of just under $2 million. The highest priced listing in the area is on the market for $3.495 million while the lowest priced condo can be had for $749,500. The average marketing time on those 13 condos is 131 days.
Currently there’s nothin’ in escrow in for Montecito Condos. That’s right zero, zip, nada.
Also for the period we’re talking about nothing closed escrow. It’s definitely been a quiet time for Montecito condos.
Posted by gandlwoods at January 22, 2009 08:06 AM