September real estate statistics in Montecito.

Houses: There were 18 sales which was up from 15 last month and a lot lower than the 24 sales last September. YTD, 153 homes have sold in Montecito, which is down 42% from last year. The YTD Median Sales Price is just under $5.3MM, up 9% from last year. There were 54 homes for sale as of September, very low compared to around 180 pre-pandemic. On average homes are selling within 26 days at 97% of the list price

Condos: There was 1 sale in September, down from 3 last year and 2 last month. YTD 27 condos have sold, which is 34% down from last year. The YTD Median Sales Price was $3,050,000, up 53% YTD. There were 4 condos for sale as of September, very low compared to around 20 pre-pandemic.

Buyers Need Homes

I am working with several buyers across many price ranges that are prequalified and ready to buy now, but due to current drastically low inventory, we can’t find them a home.

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Taryn Martin is a Santa Barbara Realtor at Sotheby’s specializing in Goleta and Santa Barbara real estate. To view available listings, please visit tarynmartinrealestate.com


For questions regarding the Martin Minute, reports, or any other inquiries, please email: taryn.martin@sothebyshomes.com