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Montecito Market Update: May 2020

Updated: Jul 16, 2020





Spring market stats are in!


Buyers from near and far have been snapping up homes in Montecito, sometimes without even seeing them in person. Compared to May 2019, both average sale price and median sale price are up 8.13% and 7.8% respectively, and the level of interest continues to build across all price ranges.


As always though, every sale has its own story! The +/- $5M price range is where the action is at the moment with Montecito homes in this range selling at a fast pace often with multiple offers.  Despite all this activity, there are still many good opportunities for buyers and now is the time to make a move, as in many cases prices still have not caught up with demand. 



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Nancy Kogevinas

Luxury Collection Director

805.450.6233

Nancy@Kogevinas.com

DRE: 01209514

Berkshire Hathaway

HomeServices California Properties

1255 Coast Village Road 102C

Montecito, CA 93108

DRE: 01317331

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©2021 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.