For Santa Barbara Real Estateís Montecito Real Estate area for the Home Estate/PUD market the sales figures through September 20 there have been 165 sales compared to 161 last year for a 2.5% rise. The median sales price last year was $1.85 million and this year itís is $2.438 million for a 31.8% rise.
The difference between this yearís median list price of $4.485 million and the median sold price of $2.438 million gives us a -45.6% gap and last year the median list price of $3.485 million and the $1.85 million sales price gives us a -46.9% gap.
For the condo market in Montecito Real Estate through September 20, 2013 there has been 22 sales compared to 17 last year for a 29.4% rise. The median sales price this year of $990,000 compared to last year when it was $1,105,000 gives us a 29.4% decline.
The gap report has a median list price this year of $1,845,000 and the $990,000 median sales price gives us a 46.3% gap and last year there was an $1,097,000 median list price compared to an $1,105,000 median sales price gave us a positive gap of +0.7%.Posted by gandlwoods at September 25, 2013 06:06 AM