For the Home Estate/PUD market in Montecito Real Estate in 12 sales were about 50% above the 11 mark. The median sales price for 12 was about $1.9 million below where it was for the equivalent period in11 when it was $2.1 million. The opened escrows are farther ahead with 238 in 12 compared to 154 in 11 for a 54% increase but the median list price for those homes in escrow is down from $2.2 million in 11 to just over $2 million in 12. Right now there are 127 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.995 million and average list price of $6.296 million.
Looking at the condo market for Montecito Real Estate there have been 28 sales in 12 compared to 20 11. The median sales price rose from about $905,750 in 11 to $1,100,000 in 12. In 12 there were 30 opened escrows with a median list price of $1,195,000 compared to 11 when there were 19 escrows opened with a median list price of $998,000. Right now there are just 15 condos available for purchase in Montecito with a median list price of $1,200,000 and average list price of $1,778,800.