$12.5M  
The Montecito market saw sales remain flat this week with three homes sold over the last 30 days and new listings also remain flat at four. The median sales price of all transactions in Montecito did not budge this week, remaining at $3,050,000. Along with flat sales, a relatively high 15 months of inventory indicates that Montecito is a definite buyer's market.
Comments:

$2.8M  
The Montecito market slowed with a 33.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (1.5) with two homes sold. On the other hand, close-by Oxnard registered 117 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $5,257,000 over the latest reporting period for Montecito, down from $6,312,293. Montecito is a definite buyer's market, due to a big 24 months of inventory left and aided by the dip in sales.
Comments:

$3.2M  
Over the last 30 days, an identifiable upward trend of new sellers coming into the Montecito market continued, with six listings in this week's report. Meanwhile, sales remained flat, with three homes selling during the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price climbed to $6,312,293 over the latest reporting period for Montecito, up from $6,200,000. With no movement in sales and the availability of 15 months of inventory, Montecito is a solid buyer's market.
Comments:

$7.4M  
Over the past 30 days, there have been fewer price cuts in the Montecito market, continuing a six-week declining trend to land at six. However, home sales remained flat with three over the same period. A months of inventory number of 16 reported this week continued a four-week downward trend, to go along with the weak number of price reductions in the area. Montecito is a solid buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

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 is almost exclusively made up of detached houses, which currently account for 93% of the homes for sale in the area. The best school in the city is Cold Spring Elementary School.
Comments:

$2.8M  
The number of sellers who put their homes up for sale in the Montecito market over the last 30 days remained flat this week at six. Home sales also remained unchanged from the prior period and once again two homes were sold. The median sales price remained unchanged over the latest reporting period for Montecito, coming in at $6,256,146. Montecito is a strong buyer's market, due to a big 22 months of inventory left and aided by the flat sales.
Comments:

$2.8M  
Sales rose to one home sold in the Montecito market over the last 30 days. However, a recent downturn in the amount of pending transactions continued, with one completed in the same period. Despite the uptick in sales, there are still 46 months of inventory left to work through, meaning Montecito is still a strong buyer's market.
Comments:

$12.5M  
Over the last 30 days, no deals were completed in the Montecito market. Montecito is used to having 1.1 sales per month.
Comments:

$12.5M  
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 three new listings for buyers to choose from. Pricing in Montecito remains consistent from last week to this week, with the median sales price at $1,700,000 again. With no movement in sales and the availability of 44 months of inventory, Montecito is a definite buyer's market.
Comments:

$27.9M  
The Montecito market is currently in the middle of a prolonged upward sales trend, even as sales remained flat at one home sold over the last 30 days. The median sales price of all transactions in Montecito did not budge this week, remaining at $1,700,000. Montecito is a solid buyer's market, thanks to a big 43 months of inventory to choose from and the flat sales.
Comments:
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