Santa Barbara Real Estate Statistical Update Nov 4 2013 The Santa Barbara real estate market continues the positive statistics over this time last year but at a slower pace. The number of Santa Barbara homes sold is up 3.6% over this same time last year. The number of new Santa Barbara homes listed for sale is down 2.1% over this same time. The median sales price of Santa Barbara homes sold is up 18.5%. Last year at this time the Santa Barbara median sales price was $658,000. Today, the Santa Barbara median sales price is $780,000.
The Montecito real estate market is starting to show negative statistics over this same time last year. The number of Montecito homes sold is down 1.7%. The number of Montecito homes listed for sale is down 12.3%. There is a shortage of good inventory of homes for sale in Montecito, particularly at the lower end of Montecito real estate – below $2 million. This has an effect on the number of Montecito homes sold being down 1.7% . The median sales price in Montecito currently stands at $2,400,000. Last year the Montecito median sales price was $1,895,000. The Montecito median sales price has a year over year gain of 26.6%.
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