Are Bank Owned Sales Prevalent in Montecito? August 2011 Update

Here are the latest statistics for real estate sales in Montecito for August 2011.  The shaded area with an ‘X’ states whether the property was a bank owned (REO) sale or not.  Although many people would love to find bank owned foreclosure properties in Montecito, the reality is that almost all of the sales are still traditional sales in Montecito.  Additionally, most of the REO’s tend to be at the lower end of the price scale.   View: Santa Barbara / Montecito Real Estate $1-3 Million View: Santa Barbara / Montecito Real Estate $3-5 Million View: Santa Barbara / Montecito Real Estate $5 million and Above Further Reading:

  1. Montecito 2010 Year End Sales Stats
  2. Santa Barbara 2010 Year End Sales Stats
  3. Santa Barbara Ocean Front Areas
  4. Santa Barbara Luxury Real Estate
  5. Most Significant Montecito Luxury Real Estate Sales 2011...so far
  6. Luxury Real Estate Sales 2010 - $10 Million and Up
  7. Montecito Beachfront Town homes at Bargain Prices
  8. 2010 Top 10 Real Estate Sales Montecito, Hope Ranch, Santa Barbara, Carpinteria

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