In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through January 16 is exactly where it was in 09 with 17 for both years. The new listings did rise however from 2 to 3 in 10 and the escrows went from 0 in 09 to 1 in 10. But both years had 0 sales.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through January 16 the inventory went from 203 in 09 to 202 in 10 and the new listings went from 24 in 09 to 21 in 10. But the escrows tripled going from 1 in 09 to 3 in10. Unfortunately the sales didnt follow through with 5 sales opening 09 and so far none have gone through this year. Those 5 sales had an average sales price of about $2.4 million.
For the PUD market in Montecito there have been 4 active listings this year and 2 last year. But both years gave us 1 new listing. So far this year 1 escrow has been opened with non showing up in 09 but no sales were completed in either year.