For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 10 in the Single Family Home market 5 homes closed escrow compared to 6 in 09. But last year the median sales price was about $1.72 million and this year its gone up to $3.3 million. The average sales price also rose from $2,150,666 in 09 to $5,218,600 in 10. The pending properties however are above last years number with 8 homes currently in escrow with a median list price of just under $1.6 million compared to last year when there were 6 homes in escrow with a median list price of $2.45 million. Right now there are 166 Home Estate/PUDs available for purchase in Montecito with a median list price of just under $4 million and an average list price of $5.67 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 10 in the Condo market there was 1 sale for $1,050,000 and last year there were no sales. This year there were also 2 open escrows in the area with a median list price of $1.2 million and last year there were no open escrows. Right now there are just 14 condos available for purchase in Montecito with a median list price of about $1.3 million and an average list price of $1.43 million.