For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of ’13 in the Single Family Home market 11 homes closed escrow compared to 12 in ’12 but the median sales price rose from $1.82 million last year to $2.75 million this year. The average sales price also rose from $2.787 million last year to $3.334 million this year. This year there were 21 escrows opened with a median list price of $2.474 million and in ’12 there were 14 escrows opened with a $2.445 million median. 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 $6,270,992.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of ’13 in the Condo market there was 1 sale with a median an average sales price of $995,950 and last year there was 2 sales with a median and average sales price of $1,034,950. This year there were 2 opened escrows with a median list price of $870,000 and last year there were 2 escrows opened with a median list price of $1,394,740. Right now there are 13 condos available for purchase in Montecito with a median list price of about $1,200,000 and an average list price of $1.635 million.