Santa Barbara Real Estate Comparison of this Year vs. Last for Montecito Through December 30th ‘05

In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by 13 for a total of 58 properties currently listed and the New Listings that came on this year are up by 14 for a 36% increase. The number of sales however is down by 5 for a -14% decrease. Even though sales are off for the area the Average Sales Price continues to rise. Last year at this time it was $1,318,123 and this year it’s up to $1,541,241 for an increase of 16%.

In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 63 fewer properties on the market right now as opposed to last year for a total of 452, and there are fewer new listings this year with 391 for last year vs. 329 for this year. The sales just like Condos are down with 220 this year vs. 227 last year for a -3% decrease. But the Average Sales Price is up $3,072,600 last year to $3,137,191 this year for a 2% increase.

In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito Real Estate there 4 fewer properties on the market right now as opposed to last year for a total of 4, and there are fewer new listings this year with 7 for last year vs. 3 for this year. The sales just like Condos are down with 3 this year vs. 4 last year for a -25% decrease. But the Average Sales Price is up from $1,921,250 last year to $2,333,333 this year for a 21% increase.