Duplexes Market Report

June 2024 Montecito Duplexes Market

Duplexes market data for Montecito, Burnaby — June 2024. Average sold price $2,379,525, 2 sold in 30 days, 304 avg days on market.

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Buyer's MarketMontecito duplexes is currently a buyer's market. 5.6% sales-to-active listings ratio — homes selling in an average of 304 days, at an average sold price of $2,379,525 — well-priced properties are attracting strong demand.
2
Duplexs Sold (30d)
$2.38M
Avg Sold Price
304d
Avg Days on Market
36
Homes For Sale

Current Montecito Duplexes Stats

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

Duplexs Sold (30d)2
Avg Sold Price$2,379,525
Homes For Sale36
Avg Days on Market304 days
Months of Supply18.0 mo

June 2024 Montecito Market Snapshot

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

All Types Sold6
Avg Sold Price$1,214,650
Avg Days on Market12 days
Avg Price per ft²$796,983

Montecito Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20262$2,379,525304d$943,175—
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
April 20263$1,934,33396d$868,083Seller's

Frequently Asked Questions — Montecito Duplexes

How did the Montecito duplexes market perform in June 2024?+
The Montecito duplexes market currently shows 2 units sold in the last 30 days at an average price of $2,379,525, with an average of 304 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 duplex in Montecito?+
The average sold price for a duplex in Montecito is currently $2,379,525, 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 duplexes take to sell in Montecito?+
Duplexes in Montecito are currently selling in an average of 304 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 duplexes in Montecito?+
Montecito duplexes has a sales-to-active listings ratio (SALR) of 5.6%, 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 duplex in Montecito?+
Montecito duplexes are currently in a buyer's market. The average price is $2,379,525. 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 June 2024?+
In June 2024, the Montecito real estate market (all property types) recorded 6 sales at an average price of $1,214,650, with properties averaging 12 days on market at $796,983 per square foot.
How did Montecito compare in June 2024 vs. May 2024?+
Compared to May 2024, overall Montecito sales volume was down 25% (8 vs 6 homes sold) and the average sold price was down 28% to $1,214,650.
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