In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through August 22 is 45 compared to 55 last year for a 18% decline and the escrows are down with 22 last year compared to 21 this year for a 4% fall. There were 17 sales last year compared to 19 this year for an 11% rise and the average sales price has gone up from $1,192,659 to $1,201,842 for a 0% rise.
For Home Estates through August 22 there have been 424 listings compared to 478 last year for an 11% drop and the escrows are down from 188 to 176 for a 6% decline while the sales are down from 162 to 154 for a 4% fall. The average sales price is also down from $3.445 million to $3.078 million for a 10% decline.
For the PUD market in Montecito there has been 2 listings this year compared to 4 last year and there has been 0 escrows compared to 3 last year. There have also been 0 sales this year compared to 4 last year and those 4 sales had an average sales price of $1,079,250.