For the Santa Barbara Real Estate area of Montecito Real Estate for the first 3 months of 9 there have been 20 sales compared to 37 for ’08. Percentagewise this is actually ahead of where it’s been for most of the year so hopefully things are looking up. For those 20 sales the median sales price is about $2.3 million which is about $1.5 million below where it was at this time last year. The pending properties are also inching forward and currently stand at 29 compared to 40 last year and the gap between the median list price of $2.45 million for the 29 properties compares to last year’s number of just under $3 million for 40 homes is a lot closer than the sold figures. What has jumped up is the numbers of new listings. In ’09 we’ve seen 119 new Home Estates come on the market with a median list price of $3.55 million compared to last year when there were 93 new listings with a median list price of $3.495 million. Currently there are almost 200 Home Estate/PUDs on the Market in Montecito with a median list price of just under $4 million and an average list price of $6.7 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first three months of ’09 there have been no sales this year compared to 3 last year. The median sales price in ’08 was $1.75 million and the average was $1.85 million. This is currently 1 pending condo in Montecito with a list price of $729,000 compared to last year when there were 3 with a median list price of $1.55 million. What has jumped in Montecito is the numbers of new listings. This year there have been 16 new condos come on the market with a median list price of $1.695 million compared to last year when there were 9 with a median list price $1.799 million. Right now there are 23 condos available for purchase in Montecito with a median list price of $1.795 and an average list price of just under $2 million.
Posted by gandlwoods at April 5, 2009 09:46 AM