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Montecito Real Estate for Santa Barbara Real Estate for the first 4 Months of ’15

Submitted by Gary Woods on Mon, 05/11/2015 - 12:30

For the Santa Barbara Real Estate area of Montecito Real Estate for the first 4 months of ’15 there were 53 sales compared to 56 in ’14 and the median sales price last year was $2.582 million while this year it’s been $2.8 million. The average sales price has gone up from $3.416 million last year to $4.109 million this year. There are more escrows opened this year with 66 so far with a median list price of about $2.972 million compared to last year when there are 60 opened escrows with a median list price of about $2.772 million. Right now there 109 Home Estate/PUDs available for purchase in Montecito with a median list price of about $4.895 million and an average list price of about $7.504 million.

For the Santa Barbara Real Estate area of Montecito Real Estate for the first four months of ‘15 there have been 13 sales with a median sales price of $965,000 and average sales price of $1,467,230. Last year there were 4 sales with a median sales price of $880,000 and an average sales price of $925,000. This year there have been 14 opened escrows with a median list price of $985,000 while last year there were 6 opened escrows with a list price of $1,074,500. Right now there are 9 condos available for purchase in Montecito with a median list price of about $1.675 million and an average list price of about $2.022 million.