In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through March 5 is 24 compared to 31 last year for a 22% decline and the escrows are up with 3 last year compared to 8 this year for a 166% rise. There were 2 sales last year compared to 5 this year for a +150% change and the average sales price has gone down from $1,034,950 to $819,800 for a 20% change.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through March 5 there have been 223 listings compared to 247 last year for a 9% drop and the escrows are up from 38 to 48 for a 26% rise and the sales are also up from 24 to 36 for a 50% rise. The average sales price is up from $2.827 million to $2.983 million for a 5% rise.
For the PUD market in Montecito there have been 0 listings this year compared to 3 last year and there has been 0 escrows compared to 1 last year. There have also been 0 sales this year compared to 2 last year and those 2 sales had an average sales price of $991,000.