February 03, 2010

Santa Barbara Real Estate for the first Month of ’10 for Montecito

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 it’s 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 year’s 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.


Posted by gandlwoods at February 3, 2010 09:01 AM