In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through September 24 is down by 2 with the numbers of new listings up by 1. With the listings about equal the numbers of escrows is down by 53% with a total of 6 and the numbers of sales is down by 10 with a total of 4. As you’d expect with this small amount of activity the total sold volume is down by 84% with the average sales price falling by 45%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate the total number of listings are up by 14% with the numbers of new listings up by just 4%. With the listings about equal the escrows are down by only 6% with a total of 117 but the numbers of sold properties is down by 18% with a total of 103. The overall sold volume is down by 33% but the average sales price has fallen 18% for the year.
For the PUD market in Montecito there have been just 4 listings this year which is 1 more than we had last year. There have been just 3 new listings for both years and only 1 escrow opened in both years with 1 sale for each year. The overall sold volume is down 53% with the average sales price also falling by 53%.