Montecito
| Type | Avg Sold Price | Sold (30d) | Avg DOM | Active | Condition |
|---|---|---|---|---|---|
| Townhouses | $730K | 1 | 4d | 12 | Buyer's Market |
| Houses | — | 0 | — | 21 | Buyer's Market |
Montecito 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.
Neighbourhood Pulse
Based on 90-day sold data
Saeed Farahani specializes in Montecito — from identifying hidden-value listings early to negotiating the best possible terms for buyers and sellers.
24-Month Market Trends — Montecito
Over the past 24 months, the average sold price in Montecito has trended significantly lower — a 13.9% shift — with the most recent period averaging $1,514,683. Sales volume has remained relatively steady, with 53 homes sold recently and 50 in the earlier part of the period. With an average of 94 days on market, buyers have more time to consider their options, favouring careful negotiation over rush decisions. Current absorption suggests a seller-leaning market, with inventory moving at a brisk pace — roughly 1.5 months of supply.
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