The Montecito Real Estate market enjoyed another month of positive statistics. The number of Montecito homes sold in July 2010 was up an astonishing 50% over this same period last year. The dollar volume of homes sold in Montecito in July was up an incredible 115%! The median sales price of Montecito homes sold in July was up 46% over July 2009.
The number of new listings of homes for sale on Montecito on the other hand was down 28%. This is the second consecutive month of positive sold data, and negative listing data. In June, the number of Montecito homes sold was up 22%, the dollar volume of Montecito homes sold was up 23% while the number of Montecito homes listed for sale was down 24% year over year.
If this trend continues, Montecito will be back in the supply and demand constraints it has experienced for many years. You can browse homes for sale in Montecito based on your specific criteria at your leisure with no pesky sign ups. Go to www.DistinctiveRealEstateOnline.com If you prefer personalized attention, contact Wendy Gragg at 805.453.3371
Comments