Real Estate Market Update for Montecito - Month of September.

As of the end of September, there were 56 homes on the market, a decrease from last month and the same number for last year. There were 13 sales in Montecito and those homes sold within 50 days on the market at 97.8% of the list price. The median sale price was $5,297,000, which is higher than last month but slightly lower than last September. 

Update on Hope Ranch: there were 12 homes on the market, and inventory has been lower compared to the last few months. We had 2 sales and the median sale price was $6,712,500, which is higher than last month and last September. Come back next week to get the latest on the Summerland/Carpinteria area.