For Santa Barbara Real Estate’s Montecito Real Estate area for the Home Estate/PUD market the sales figures through February 11 there have been 14 sales compared to 15 last year for a 6.7% decline. The median sales price last year was $1.8 million and this year it’s is $2.8 million for a 55.6% rise.
The difference between this year’s median list price of $3.995 million and the median sold price of $2.8 million gives us a -29.9% gap and last year the median list price of $3.185 million and the $1.8 million sales price gives us a -43.5% gap.
For the condo market in Montecito Real Estate through February 11, 2013 there has been 1 sale compared to 2 last year for a 50.0% decline. The median sales price this year of $995,000 compared to last year when it was $1,034,950 gives us a 3.9.4% decline.
The gap report has a median list price this year of $1,175,000 and the $995,000 median sales price gives us a 15.3% gap and last year there was an $999,000 median list price compared to an $1,034,550 median sales price gave us a positive gap of +3.6%.
Posted by gandlwoods at February 19, 2013 07:11 AM