$2.8M  
While home sales in the Montecito market have been above average, in this week's report they dropped 33.3% to two homes sold over the last 30 days. Within the same time frame, San Buenaventura (Ventura) had 63 sales, the most of all cities in the area. Months of inventory continued a steady fall, trending downwards for four weeks to reach 18 months. 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:

$19.5M  
The Montecito market saw one home go under contract and failed to break out of a budding downward trend. Despite that, total home sales rose to three over the last 30 days. The median sales price rose dramatically to $7,240,000, up from last week's $4,138,750. Montecito is still a definite buyer's market, due to the availability of 11 months of remaining inventory, even after the uptick in sales.
Comments:

$19.5M  
With one home sold in the Montecito market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with four new listings for buyers to choose from. The median sales price in Montecito stayed put this week at $7,240,000. With no movement in sales and the availability of 37 months of inventory, Montecito is a definite buyer's market.
Comments:

$1.3M  
Over the last 30 days, one home was sold in the Montecito market, holding even with last week's numbers. However, the market is still in an emerging downward trend overall. The median sales price in Montecito stayed put this week at $7,240,000. Montecito is a solid buyer's market, due to a downward trend in sales numbers and 33 months of inventory remaining.
Comments:

$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:
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