Santa Barbara Real Estate’s area of Montecito Real Estate for the Home Estate/PUD market there were 16 sales for the period of June 17 to July 17 there were13 sales compared to 11 for the same time last year. But the median sales price went from $3,339,000 in ’08 to $2,340,000 this year. The pended listings are also up from 9 last year to 11 this year and interestingly enough the median list price for those pended listings went from $3.9 million last year to $3,995,000 this year. The new listings are almost exactly where they’ve been for both years. This year there have been 40 new listings with a median list price of $2.895 million and last year there were 39 new listings with a median list price of $3.45 million. Currently there are 219 homes available for purchase in Montecito with a median list price of $3.6 million.
For the Condo market in Montecito Real Estate there was 1 sale last year for the period we’re talking about and this year there have been none. Last year there during this period there 3 escrows opened with a median list price of $895,000 compared to last year when there was 1 escrow opened with a list price of $795,000. There have been 2 new listings this year with a median list price of $895,000 compared to last year when there were 4 new listings with a median list price of $765,000. Currently there are 24 condos available for purchase with a median list price of $1.595 million.