Montecito properties for sale, sold to date in 2008, show bullish market trend.

Montecito properties for sale, sold to date in 2008 compared to last year show an astounding pace. Total Montecito real estate sold volume for 2008 is up 11%, average sale price is up 35% and median sale price is up 30%. Total number of sale is down to date due to a stalled market early in the year caused by the sub prime over reaction, which has had an infinitesimal effect here and that pace has recovered swiftly. The Montecito CA real estate market place continues to shine and is most likely a leading indicator for the rest of the area, state and country. Other Santa Barbara real estate market segments have demonstrated similar trends as well, particularly the Santa Barbara estates market above $2.5 million. This is really good news for all market segments as the high end market can have a stimulating effect on all area Santa Barbara real estate market segments. The table below shows Montecito properties sold to date statistics.

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