Montecito CA. Real Estate Home Sales Statistics - Year End 2009

Montecito Real Estate Sales 2009

In 2009, there were a total of 155 closed sales of single family homes and condos in Montecito CA.  As of December 31st, 2009, there were 25 properties in Montecito that were pending sale (under contract). The lowest sale in Montecito was a bank owned 2 bed 2 bath condo located at 1220 Coast Village Road, Montecito CA., 93108.  The sales price was $625,000. The highest sale in Montecito was a gorgeous estate located on Rockbridge Road in the heart of Montecito.  The sales price was $25,279,165. Overall, the market in Montecito was fairly normal as far as activity the entire year after a slower start to the year.  Prices on average have come down around 25-35% from the peak depending on the individual property.  Currently there is a decent amount of demand for good valued homes in this area.  The luxury market overall in our area has seemed to stabilize just these last 3-4 months although the demand and values for beach property seem to still be uncertain. If you would like a more complete update on Montecito, specific information about the general area or other areas within Santa BarbaraCarpinteria, Goleta, Hope Ranch, Summerland, please feel free to contact me.

      For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Berkshire Hathaway.

      Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts.

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