For Santa Barbara Real Estate in the Montecito Real Estate area through October 12 there are 210 Home Estate/PUDs available for purchase with an average list price of about $6.1 million. The highest priced listing is on the market for just under $30 million with the least expensive property available for under $900,000. You put all that together and you get a median list price of $3.79 million.
With all those listings we only have 12 homes that are in escrow with an average list price of about $3 million. Topping the list is a property that’s listed for about $9.5 million with the least expensive home listed at just under $900,000. What all that gives us is a median list price for homes in escrow of $2.15 million.
Through Oct 21 there have been 103 Homes sales in Montecito Real Estate with an average sales price of about $3.5 million. The highest priced property in the area sold for over $25 million with the least expensive property selling for $750,000. With all that the median sales price has slide to $2.5 million for the year.
For the Condo market in Montecito there are currently 15 properties available with an average list price of about $1.76 million. The most expensive condo on the market is listed for $3.5 million with the least expensive property available at $655,000. The median list price for the area is $1.65 million.
Right now there are 2 condos in escrow in Montecito with an average list price of $970,000. The highest priced listed is just under $1 million with the least expensive listed at $945,000. This gives us a median list price for the condos in escrow of $945,000.
There have been 5 condos sales so far this year with an average sales price of $973,800. Topping the charts is the condo that sold for $1.45 million while the least expensive sale went out at $625,000. When you put all that together you get a median sales price of $715,000.
Posted by gandlwoods at October 30, 2009 07:19 AM