Below are statistics for the Montecito properties sold, year to date as compared to last year. Yes, the number of sales is off due to a slow start of the year with the market uncertainly of the lending industry. With the bulk of that now behind us, the pace of the market has increased and is definitely playing catch up. The most significant and dramatic evidence of the market rebound is in the Montecito properties for sale market place and the Montecito estates for sale market performance to date. The Montecito properties sold statistics below show the over all dollar volume to be close to last year and the average sale price to be up a blazing 45% overall. With the current increase in market activity, we anticipate the sold dollar volume to soon surpase last year and total sales to also increase. The market activity at this level is filtering into all Santa Barbara real estate market segments and should be revealed as the rest of the year statistics are analyzed.
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