From 1/1/10 to 2/12/10 in Montecito Real Estate for the Home Estate/PUD market there were 11 sales this year compared to 7 last year. But the median sales price fell from $2.5 million in ’09 to $2.1 million this year. The average sales price however rose from about $2.4 million last year to $4.34 million this year. Those 11 sales this year took on average 238 days to get an accepted offer with another 38 days of escrow time thrown in giving on average 278 days of total marketing time.
For Condominiums for the same time period in Montecito Real Estate this year there were 2 sales compared to none last year. Those 2 have an average and median sales price of $2,025,000. The 2 properties had on average 48 days of time before an accepted offer was received and another 34 days of escrow time for a total of 82 days of total marketing time.
Santa Barbara Real Estate Statistics