For Santa Barbara Real Estate in the Montecito Real Estate are there are currently 205 Home Estate/PUDs available. This number is up about 25 from about 5 weeks ago. The average list price for the area is about $6.5 million with the average showing up at about $3.85 million. The highest priced listing at the area is still at $47 million with the least expensive property listed at just under $900,000.
Right now there are 11 homes in escrow in Montecito with an average list price of about $2.8 million. The median list price is just under $2 million however which is down about $1.3 million from last year. The highest priced property in escrow at this time is listed at about $9.5 million while the least expensive property in escrow is listed for $1.275 million.
Through April 17 there have been 26 Home Estate/PUDs complete the buying process and those 26 have an average sales price of about $2.5 million. The median sales price is just slightly farther down at $2.35 million. The most expensive home in Montecito so far in ’09 sold for just under $6 million with the lowest priced home closing at $825,000.
For the Condo market in Montecito Real Estate there are currently 23 properties available with an average list price of about $1.9 million. The median list price is just slightly south of that number at $1.75 million. The highest priced condo listing now on the market is listed for $3.495 million with the least expensive listing way down at $715,000.
Right now there are no condos in escrow but 1 has closed escrow this year at $679,000.
Posted by gandlwoods at April 26, 2009 08:27 AM