Santa Barbara Real Estate Statistical Update November 15 2013 The Santa Barbara real estate market statistics show the number of Santa Barbara homes sold year over year is up 4.5% over this time last year. The number of newly listed homes for sale in Santa Barbara is down 0.9%. The median sales price of homes sold in Santa Barbara stands at $780,000. Last year the median sales price of Santa Barbara homes sold was $658,300. – an increase in Santa Barbara real estate median of 18.5% year over year.
The Montecito real estate market statistics show the number of Montecito homes sold year over year is down 3.8% and the number of Montecito homes listed for sale is down 12.8%. The median sales price of Montecito homes sold is $2,400,000. The median sales price of Montecito homes sold last year was $1,875,000 – an increase of 28% year over year.The Montecito real estate market is suffering from a lack of inventory of homes for sale at the low end of the Montecito real estate market. Well located Montecito homes priced under $2 million go very quickly. The high end luxury Montecito real estate market on the other hand is not as strong. The Montecito luxury real estate market offers some great opportunities for Buyers.
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