Townhouses Market Report

February 2024 Montecito Townhouses Market

Townhouses market data for Montecito, Burnaby — February 2024. Average sold price $730,000, 1 sold in 30 days, 4 avg days on market.

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Buyer's MarketMontecito townhouses is currently a buyer's market. 2.8% sales-to-active listings ratio — homes selling in an average of 4 days, at an average sold price of $730,000 — well-priced properties are attracting strong demand.
1
Townhouses Sold (30d)
$730K
Avg Sold Price
4d
Avg Days on Market
36
Homes For Sale

Current Montecito Townhouses Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Townhouses Sold (30d)1
Avg Sold Price$730,000
Homes For Sale36
Avg Days on Market4 days
Months of Supply36.0 mo

February 2024 Montecito Market Snapshot

All property types — historical MLS® data for Montecito in February 2024.

All Types Sold2
Avg Sold Price$3,108,000
Avg Days on Market35 days
Avg Price per ft²$873,583

Montecito Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
October 20261$730,0004d$730,000—
September 20263$1,808,017204d$850,450Seller's
August 20263$2,496,66773d$849,722Seller's
July 20266$1,263,33356d$850,278Seller's
June 20264$1,910,25025d$763,125Seller's
May 20263$760,66729d$760,667Seller's

Frequently Asked Questions — Montecito Townhouses

How did the Montecito townhouses market perform in February 2024?+
The Montecito townhouses market currently shows 1 units sold in the last 30 days at an average price of $730,000, with an average of 4 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a townhouse in Montecito?+
The average sold price for a townhouse in Montecito is currently $730,000, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do townhouses take to sell in Montecito?+
Townhouses in Montecito are currently selling in an average of 4 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for townhouses in Montecito?+
Montecito townhouses has a sales-to-active listings ratio (SALR) of 2.8%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a townhouse in Montecito?+
Montecito townhouses are currently in a buyer's market. The average price is $730,000. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Montecito market perform in February 2024?+
In February 2024, the Montecito real estate market (all property types) recorded 2 sales at an average price of $3,108,000, with properties averaging 35 days on market at $873,583 per square foot.
How did Montecito compare in February 2024 vs. November 2023?+
Compared to November 2023, overall Montecito sales volume was unchanged (2 vs 2 homes sold) and the average sold price was up 36% to $3,108,000.
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What does the Montecito townhouses market mean for you?

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