In the Montecito Real Estate area of Santa Barbara for the Condo Market the total numbers of properties available through July 11 is 21 compared to 43 last year for a 51% decline and the escrows are down with 18 last year compared to 9 this year for a 50% fall. There were 18 sales last year compared to 8 this year for a 55% drop and the average sales price has gone up from $1,194,722 to $1,792,438 for a 50% rise.
For Home Estates for Montecito Real Estate through July 11 there have been 328 listings compared to 385 last year for an 14% drop and the escrows are down from 144 to 118 for an 18% decline while the sales are down from 131 to 110 for a 16% fall. The average sales price is up from $3.156 million to $3.575 million for a 13% rise.
For the PUD market in Montecito there has been 3 listings this year compared to 1 last year and there has been 2 escrows compared to 0 last year. There have also been 2 sales this year compared to 0 last year and those 2 sales had an average sales price of $1,574,500.