Hope Ranch Quarterly Report
October 2016
In Hope Ranch activity declined slightly during the 3rd quarter. The number of sales remained consistent with 5 sold. The average sales price dropped 14% to $3,860,0,585 and the median sales price fell 42% to $2,375,000. On average, properties sold for 95% of their last listed price. Currently there are 24 active listings and 1 pending sale.
Montecito Quarterly Report
October 2016
In Montecito activity declined slightly during the 3rd quarter. The number of sales remained consistent with 42 SFR sold. The average sales price dropped 16% to $3,269,253 and the median sales price fell 5.5% to $2,500,000. On average, properties sold for 91% of their last listed price. Currently there are 124 active SFR listings and 16 pending sales.
For more information about Montecito and Santa Barbara market conditions contact us at
team@teamscarborough.com or call [ai_phone href=”1.805.331.1465″ extension=”08″] (805)331-1465[/ai_phone].
