For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through August 13 there have been 76 sales compared to 69 last year for a 6.5% rise and the median sales price has gone up from $2.34 million last year to $2.5 million.
The difference between the median list price of $3.5 million and the median sold price of $2.5 million give us a 29% gap while last year the median list price was $3.6 million and when compared to the median sold price of $2.34 million it gives us a 35% gap.
For the condo market in Montecito Real Estate through August 13 2010 there have been 13 sales this year compared to 3 last year for a 333.3% rise and the median sales price rose from $715,000 last year to $1,050,000 this year for a 47% rise.
The gap between the median list price of $1.475 million this year and the $1,050,000 last year gives us a 29% gap while last year the median list price was $1.65 million compared to the $715,000 median sales price yields a 57% gap.
Posted by gandlwoods at August 17, 2010 07:35 AM