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Market Report

Montecito Real Estate Market

Live MLS® stats and 12-month trends for Montecito, Burnaby — updated every 5 minutes.

Buyer's Market18.0 mo supplyTownhouses →Houses →
Quick Answer
  • 1Montecito is currently a buyer's market.
  • 2The average sold price last month was $2,379,525.
  • 3Home prices are up 85.4% year-over-year.
Avg Sold Price
$2.38M
Homes Sold (30d)
2
Homes For Sale
36
Avg Days on Market
304d
Months of Supply
18.0 mo
Buyer's
36 homes for sale in Montecito
14 townhouses · 19 houses

Montecito is currently a buyer's market, with an average sold price of $2,379,525 across all property types over the past 30 days. At 18.0 months of supply, buyers in Montecito have more selection and meaningful negotiating room compared to a typical seller's market. Montecito offers a mix of property types including townhouses, houses — condos and townhouses are popular for lower-maintenance living, while detached homes attract families seeking more space and a private yard. Homes here are selling in an average of 304 days on market. Browse active listings in Montecito below, or speak with a local Burnaby agent for a personalised market assessment based on your needs.

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How Have Prices Trended in Montecito?

24-month trend · Updated monthly

Month-over-Month Comparison

MetricSep · Last 30 daysAugSep (LY)
Homes Sold2-33.3%36
Avg Sold Price$2.38M-4.7%$2.5M$1.28M
Avg Days on Market304d+316.4%73d52d

Last 30 Days — By Property Type

Sold properties only

Townhouses:Buyer's Market
Houses:Buyer's Market

What Does Each Home Cost?

By bedrooms & property type · Last 30 days sold

Type1 Bed2 Bed3 Bed4+ Bed
Apartment
$548K
$820/ft²
41 sold
$698K
$752/ft²
63 sold
$889K
$721/ft²
18 sold
$1.12M
$690/ft²
5 sold
Townhouse
$699K
$698/ft²
8 sold
$879K
$672/ft²
31 sold
$1.08M
$645/ft²
44 sold
$1.25M
$612/ft²
14 sold
House—
$1.19M
$580/ft²
6 sold
$1.49M
$558/ft²
22 sold
$2.25M
$498/ft²
18 sold

Studio = 0 bedrooms. 4+ Bed includes all homes with 4 or more bedrooms.

What Does Each Property Type Cost in Montecito?

TypeAvg Sold PriceSold (30d)ActiveAvg DOMCondition
Townhouses—014—Buyer's MarketView Townhouses →
Houses$2.38M219304dBuyer's MarketView Houses →

What Did Homes Sell for in Montecito Recently?

View all sold →

Street addresses only. Click any address to view full details — some information requires sign-in.

Frequently Asked Questions — Montecito Market

Is Montecito a buyer's or seller's market right now?+
Montecito is currently a buyer's market. There are 2 homes sold in the last 30 days across all property types. The current absorption rate of 18.0 months of supply favours buyers.
What is the average home price in Montecito?+
The average sold price across all property types in Montecito is currently $2,379,525, based on sales over the past 30 days. Prices vary by type — condominiums start lower, while detached homes command a premium. Contact a local Burnaby agent for a current, property-specific estimate.
Have home prices come down in Montecito?+
Overall home prices in Montecito are up 85.4% compared to the same period last year, with detached houses averaging $2,379,525. This upward trend suggests continued demand in Montecito — buyers who act sooner may benefit from locking in before further appreciation.
How long do homes stay on the market in Montecito?+
Homes in Montecito are currently selling in an average of 304 days on market. In a seller's market, well-priced homes can attract offers within the first week of listing. In a buyer's market, buyers typically have more time to evaluate options.
What does the absorption rate mean for Montecito?+
Montecito 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.
What property types are available in Montecito?+
Montecito offers a mix of townhouses, houses. Each type suits different lifestyles — condos and townhouses are popular for lower-maintenance living, while detached homes are sought by families looking for more space and a yard.
How can I get a home evaluation in Montecito?+
You can request a free, no-obligation home evaluation through a local Burnaby real estate agent. They will research recent comparable sales in Montecito and provide you with an accurate market valuation — typically within 24 hours.
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