In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through February 18 there were 22 total listings in ’09 compared to 19 this year. But new listings went down 1 from 7 in ’09 to 6 this year. The escrows went up from 1 last year to 3 this year with no sales to this point in ’09 compared to 2 in ’10. The average sales price for those 2 sales this year is just over $2 million.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through February 18 the total inventory went down slightly from 247 in ’09 to 245 in ’10. The new listings were exactly the same however with 63 in both years. The escrows were also the same with 16 in both years but the sales have gone up from 7 in ’09 to 13 in ’10. The average sales price also rose significantly from $2,393,429 in ’09 to $5,007,769 in ’10.
For the PUD market in Montecito there have been 7 active listings this year and 2 listings last year. But last year there was 1 new listing in ’09 compared to 4 in ’10. Only 1 escrow has been opened this year compared to non last year and 1 sale has been completed compared to none last year. That 1 sale was for $1,450,000.