For the Santa Barbara Real Estate area of Montecito Real Estate for the first 2 months of ’13 there have been 29 sales up from 19 last year and the median sales price has gone up from $1,800,000 to $2,730,000. The average sales price has gone up from $2,440,947 to $3,067,545. The new listings are up slightly from 65 to 66 and the median list price on those listings is up from about $2.875 million to about $3.225 million. The numbers of escrows is up from 31 to 40 with the median list price on those escrows dropping from $1.995 million to $2.572 million. Right now there are 122 Home Estate/PUDs available for purchase in Montecito with a median list price of $4.297 million and an average list price of $6.305 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first two months of ’13 there have been 4 sales compared 2 last year but the median sales price has fallen from $1,034,950 to $852,500. The average sales price also fell from $1,034,950 to $847,250. The numbers of new listings rose from 8 to 6 with the median list price on those listings rising from $1,245,000 to $1,072,500. The numbers of escrows rose from 2 to 7 with the median list price last year for those 2 coming in at $1,394,740,000 and the 7 properties this year that entered escrow have a median list price $799,000. Right now there are 7 condos available for purchase in Montecito with a median list price of $1.9 million and an average list price of $2.1 million.