August 31, 2014

Montecito from Jan. 1 through August 24 comparing 14 to 13 for the Santa Barbara area

In the Montecito Real Estate area of Santa Barbara for the Condo Market the total numbers of properties available through 8/24/14 is 26 compared to 46 last year for a 43% decline and the escrows are down with 22 last year compared to 12 this year for a 45% fall. There were 20 sales last year compared to 9 this year for a 55% drop and the average sales price has gone up from $1,178,500 to $1,681,056 for a 42% rise.

For Home Estates for Montecito Real Estate through 8/24/14 there have been 380 listings compared to 424 last year for an 10% drop and the escrows are down from 172 to 151 for an 12% decline while the sales are down from 157 to 143 for an 8% fall. The average sales price is up from $3.093 million to $3.783 million for a 22% rise.

For the PUD market in Montecito there has been 5 listings this year compared to 2 last year and there has been 4 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.

Posted by gandlwoods at August 31, 2014 07:15 AM