For Santa Barbara Real Estate in the Montecito Real Estate area currently 178 Home Estate/PUDs are on the market with an average list price of about of about $7 million. The highest priced listing in the area is $47 million with the least expensive home on the market for just $885,000. The median list price for Montecito is currently about $4 million.
Currently there are only 15 properties in escrow in Montecito which an average list price of about $2.3 million. The highest priced listing in escrow is on the market for about $6 million with the least expensive home in escrow about $1.1 million. The median list price for homes in escrow in Montecito is about $1.5 million.
For the period we’re talking about 14 Home Estate/PUDs closed escrow in Montecito with an average sales price of about $2.8 million. The highest priced listing that’s closed escrow so far this year went out at about $6 million with the least expensive home closing for $865,000. The median sales price is $2.9 million.
For the Condo market in Montecito Real Estate there are currently 21 properties available with an average list price of just under $2 million. The highest priced condo available is on the market for about $3.5 million while the least expensive property can be snapped up for just $725,000. The median however is right about $2 million.
Currently there’s 1 in escrow in for Montecito Condo with a list price of just $729,000.
But for the period we’re talking about nothing closed escrow. It’s definitely been a quiet time for Montecito condos.
Posted by gandlwoods at March 14, 2009 08:43 AM