Santa Barbara Real Estate Statistical Update – January 31 2014 The Santa Barbara real estate market is starting the year off with a sizable increase in the median sales price but a sizable decrease in the both number of Santa Barbara homes for sale and in the number of Santa Barbara homes sold. The number of homes sold in Santa Barbara is down 24.4% over January 2013. The number homes listed for sale in Santa Barbara is down 26.2%. The median sales price of homes sold is up a whopping 54.5%. The median sales price as of today is $1,004,5000. The median sales price this time last year was $650,000.
The Montecito real estate market statistics show the number of Montecito homes sold is off 7.7%. The number of Montecito homes listed for sale is off an eye popping 46.2% compared to January 2013. The median sales price of Montecito homes sold is $2,455,000. That is off 10.1% compared to this time last year when the Montecito median sales price was $2,730,000.
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Happy New Year!