$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:

$16M  
New listings have increased in the Montecito market, reaching a high that hasn't been seen since August. There were also two homes sold over the last 30 days. When comparing other close-by municipalities within the same period, the most came from Oxnard with 119 new listings. However, even as new listings came into the market, months of inventory continued to fall, trending downwards for four weeks to reach 19. Montecito is a strong buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$13.6M  
More sellers put their homes up for sale in the Montecito market over the last 30 days and the number of new listings climbed this week to four. Home sales remained unchanged from the prior period and once again two homes were sold. 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 19 months of inventory indicates that Montecito is a solid buyer's market.
Comments:

$9.9M  
The number of sellers reducing prices in the Montecito market trended up to two over the last 30 days, extending a three-week streak. During the same period, two sales were completed. The median sales price rose dramatically to $2,682,000 over the latest reporting period for Montecito, up from $1,425,000. Montecito is still a definite buyer's market, due to the availability of 18 months of remaining inventory, even after the uptick in sales.
Comments:

$13.6M  
Montecito is a very affluent city in California with a median income of $117,150 per household. The population is also considered much younger than most with a median age of 50 years. Keep in mind, most people in Montecito own their homes, with a 59.5% ownership ratio. Heading the list of top schools in the city is Cold Spring Elementary School.
Comments:

$1.1M  
The number of homes coming into the Montecito market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. Prices fell lower as this week's reported median sales price of $1,425,000 continued a four-week downward trend. Montecito is a strong buyer's market, with a big 35 months of inventory to choose from coupled with falling prices.
Comments:

$14.9M  
With a budding downward trend of new sellers listing homes, including one 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 $1,425,000 again. Montecito is a definite buyer's market, thanks to a big 36 months of inventory to choose from and the flat sales.
Comments:

$9.9M  
The Montecito market saw sales remain consistent with one home sold over the last 30 days and is also under a determined downward trend in the number of contracts closing, with this week's number falling to one. Pricing in Montecito remains consistent from last week to this week, with the median sales price at $1,425,000 again. Montecito is a definite buyer's market with 35 months of inventory to choose from, aided by the downturn in contracts.
Comments:

$4.8M  
There was one home sale in the Montecito market over the last 30 days, while coming close to the 1.0 monthly average for the last 12 months. In comparison, nearby Oxnard had 91 sales in the same time frame, the most of all neighboring cities. Even after the uptick in sales, an elevated 38 months of inventory tells us that Montecito is still a solid buyer's market.
Comments:

$14.9M  
Montecito is a larger than average city in California with 8,965 residents. Its population is growing about even with the rest of the state, at a 10-year growth rate of -11.3%. The Montecito market primarily consists of detached houses, accounting for 89% of the current homes in the area. The best school in the city is Cold Spring Elementary School.
Comments:
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