Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 13 sales for the period of Sept. 15 to Oct. 15. In 08 there were 18 sales for the same period. But in 09 the median sales price was just below $2 million and in 08 the median sales price was $2.137 million. For the same period 12 homes went into escrow this year with a median list price of $2.65 million and last year 13 went into escrow with a median list price of $2.15 million. For 09 27 new listings showed up with a median list price of $3.1 million and in 08 there were 31 new listings with a median list price of about $3.6 million. Currently there are 203 Home Estate/PUDs for sale in Montecito with a median list price of about $3.9 million.
For the Condo market in Montecito Real Estate for the same period there were no sales compared to last year when there were 2. In 08 the median sales price was $2.3 million. This year 3 properties are in escrow with a median list price of just under $1 million and last year there was 1 escrow opened with a list price of just under $1 million. For 09 1 new condo came on the market with a list price of $945,000 and last year there were 2 new listings with a median list price of about $1.2 million. Right now there are 15 condos for sale in Montecito with a median list price of $1.65 million.