For the Santa Barbara Real Estate area of Montecito Real Estate for the first 6 months of ’14 there have been 94 Home Estate/PUD sales compared to 113 last year and the median sales price has risen from about $2.585 million to approximately $2.67 million this year. The average sales price is up from $3.2 million last year to about $3.4 million this year. The numbers of escrows are down from 129 in '13 to 104 in '14 with the median list price on those escrows rising from about $2.495 million to $2.95 million. Right now there are 114 Home Estate/PUDs available for purchase in Montecito with a median list price of $4.395 million and an average list price of about $6.989 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first six months there have been 8 sales compared to 13 last year. The median sales price this year is $1,375,500 with the average price just under $1.8 million. Last year those 13 sales had a $985,000 median sales price and a $1,156,153 average sales price. The numbers of escrows is also down from 15 last year to 8 this year with the median list price on the 15 escrows at $985,000 and for the 8 escrows this year the median list price at $1,362,000. Right now there are 9 condos available for purchase in Montecito with a median list price of $1,569,000 and an average list price just slightly higher at $1.833 million.