July 27, 2014

Montecito Gap Report for 1/1/2014 to 7/18/14 for Santa Barbara Real Estate

For Santa Barbara Real Estateís Montecito Real Estate area for the Home Estate/PUD market the sales figures through 7/18/14 there have been 113 sales compared to 128 last year for a 11.7% decline. The median sales price last year was $2.45 million and this year itís is $2.795 million for an 14.1% .

The difference between this yearís median list price of $2.795 million and the median sold price of $4.495 million gives us a -37.8% gap and last year the median list price of $4.195 million and the $2.45 million sales price gives us a -41.6% gap.

For the condo market in Montecito Real Estate through 7/18/14 there have been 8 sales compared to 16 last year for a 50.0% decline. The median sales price this year of $990,000 compared to last year when it was $1,357,500 gives us a 37.1% rise.

The gap report has a median list price this year of $1,595,000 and the $1,357,500 median sales price gives us a -14.9% gap and last year there was an $1,795,000 median list price compared to an $990,000 median sales price gave us a gap of -44.8%.

Posted by gandlwoods at July 27, 2014 07:31 AM