In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through May 15 is exactly what it was last year at this time but the new listings that came on the market this year are up by 3. But while the listings are the same the numbers of sales is down by 5 posting only 1 sale this year which came in at $679,000.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate the total number of listings is up by 29% with the numbers of new listings up by 21%. This big rise in the numbers of properties to sell hasnt resulted in a large number of sales however and theyre down by more than half at 52%. The average sales price has also fallen and is down to about $2.5 million a decline of 50% from 08.
For the PUD market in Montecito Real Estate there have been just 3 listings this year which is exactly the same number we saw last year. The numbers of new listings is down by 1 however as is the numbers of sales. Currently there have been no PUD sales in Montecito for 09.