Santa Barbara Real Estate’s area of Montecito Real Estate for the Home Estate/PUD market there were 12 sales from Dec. 27 to Jan. 27 ‘13 compared to 12 last year and the median sales price went up from $1.82 million last year to $2.79 million this year and the average sales price went up from $2.787 million last year to $3.464 million this year. This year there have been 16 escrows opened with a median list price of $2.584 million and last year there were 15 escrows opened with a median list price of about $2.195 million. Right now there are 127 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.995 million and an average list price of $6.327 million.
For the Condo market in Montecito Real Estate This year there were 2 sales with a $730,000 median sales price and an $730,000 average sales price for the same period last year there was 2 sales with a median sales price of $1,034,950 and a $1,034,950 average. There were 3 escrows opened this year with a $910,000 median list price and last year there were 2 escrows opened with a $1,394,740 median list price. Right now there are 13 condos available for purchase in Montecito with a median list price of $1,200,000 and an average list price of $1.635 million.