Montecito, CA
Real Estate Trends

November 2016 Market Trend Report

THIS CITY IS A

BUYER'S MARKET

WHY IS IT A BUYER'S MARKET?

HOMES ACTIVE
HOMES SOLD
BUYER'S MARKET
SELLER'S MARKET

Looks like demand
is LOW in this area!

Home types

WHAT TYPES OF HOMES ARE SELLING?

Single family homes

10

SINGLE FAMILY HOMES

Condos

1

CONDOS

Townhouses

0

TOWNHOUSES

MEANWHILE...

21

HOMES LISTED

1
Sold Already!

HOW MUCH DID BUYERS PAY

Sold Prices for November

ASKING
PRICE
ABOVE ASKING
AT ASKING

HOW MUCH HOMES LISTED FOR?

Median List Prices

$4.3M
$300k
$3.80M$4.20M$4.60MNovOctSepAugJulJun

HOW FAST DID HOMES SELL?

Days on Market - Sold in November

UNDER
1 MONTH
4Homes
1-3
MONTHS
4Homes
OVER
3 MONTHS
4Homes

HOW LONG DID IT TAKE FOR HOMES TO SELL?

Median Days on Market for Sold Listings

70
DAYS
36%
6888108128148NovOctSepAugJulJun

And finally...What's the hottest street in

Montecito

e valley rd

For November 2016, Montecito, CA has been a buyer's Market - demand in this city is low. The inventory of homes for sale in Montecito, CA was 177 and 12 homes were sold.