$8M  
Sales remained steady from last week to this week, with one home sold in the Montecito market over the last 30 days. However, an identifiable downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price rose dramatically to $7,240,000 over the latest reporting period for Montecito, up from $2,800,000. Montecito is a definite buyer's market with 30 months of inventory to choose from, aided by the downturn in contracts.
Comments:

$13.6M  
Montecito is a small city in California, and is very affluent with a median income of $117,150 per household. It's much younger than the rest of the state, with a median age of 50. It should be noted that at 59.5%, most people own their homes in Montecito. The best school in the city is Cold Spring Elementary School.
Comments:

$1.5M  
With a new downward trend of new sellers listing homes, including three over the last 30 days, and sales that remained flat at one in that same time frame, the Montecito market will be cooling. Pricing in Montecito remains consistent from last week to this week, with the median sales price at $2,800,000 again. Along with flat sales, a relatively high 30 months of inventory indicates that Montecito is a definite buyer's market.
Comments:

$1.4M  
The Montecito market continues a three-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
Comments:

$7M  
The number of price cuts in the Montecito market climbed to four over the last 30 days, furthering a new positive trend. Even with the drops in list prices, sales remained the same with one home sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price in Montecito stayed put this week at $3,000,000. Along with flat sales, a relatively high 37 months of inventory indicates that Montecito is a solid buyer's market.
Comments:

$1.4M  
With one home sold in the Montecito market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with two new listings for buyers to choose from. The median sales price remained unchanged over the latest reporting period for Montecito, coming in at $3,000,000. Montecito is a strong buyer's market, due to a big 37 months of inventory left and aided by the flat sales.
Comments:

$13.6M  
Montecito is a larger than average city in California with 8,965 residents. Its population is also growing about even with others at a 10-year growth rate of -11.3%. The Montecito market is primarily made up of detached houses, which currently account for 89% of the homes for sale in the area. The top school in the city is Cold Spring Elementary School.
Comments:

$5.8M  
The Montecito market reported another 30-day period of zero home sales this week. Montecito usually averages 1.1 sales per month.
Comments:

$16M  
Typically, Montecito accounts for 1.1 sales per month. This time sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
Comments:

$16M  
The Montecito market was even this week as sales remained at two homes over the prior 30 days, but the area is experiencing a recent upward trend of contracts closing, now up to two. The median sales price of all transactions in Montecito did not budge this week, remaining at $2,682,000. Along with flat sales, a relatively high 18 months of inventory indicates that Montecito is a definite buyer's market.
Comments:
Previous Page  1  2 3 4 5 6 Next Page

Ask a local expert about this area:
Keller Williams Realty
Snapped 87 homes in this area
Coldwell Banker Residential Brokerage
Snapped 1 home in this area
The House You Want
Snapped 2 homes in this area

Agents that specialize in this area
6 snaps in this area
1 snap in this area
34 snaps in this area
1 snap in this area
1 snap in this area
4 snaps in this area
1 snap in this area
2 snaps in this area
1 snap in this area
1 snap in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.