In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through August 6 ’10 is 52 compared to 49 in ’09. The escrows are way up from 3 last year to 13 this year while the sales have risen from 2 last year to 12 this year and the average sales price has gone up from $1.06 million last year to $1.23 million this year.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through August 6 there have been 461 listings compared to 462 last year. The escrows are up however from 87 last year to 96 this year with the sales rising from 73 last year to 83 this year with the average sales price going up from $3.16 million last year to $3.86 million this year.
For the PUD market in Montecito there have been 10 listings this year compared to 4 last year with the escrows rising from 1 last year to 4 this year. There have also been 3 sales this year with an average sales price of $1.45 million compared to none last year