How’s the Montecito Real Estate Market?

The rankings are in and Montecito has been ranked #5 on Condé Nast’s list of the most expensive ZIP codes in the U.S. for 2024. With an average home price of $4.5M, Montecito’s quiet luxury stands shoulder to shoulder with icons of affluence like Atherton, CA (#1, $7.9 million) and Beverly Hills, CA (#3, $5.24 million). What’s most compelling to me is that even without a major industry to drive demand and prices (like in Atherton, Miami and Beverly Hills), Montecito stands out as not just an exceptional place to live, but also as a great long term financial investment.

Here’s a look at the top 10 ZIP codes that made the list, along with their average home prices:
1. Atherton, CA – $7.9M
2. Miami Beach, FL – $5.67M
3. Beverly Hills, CA – $5.24M
4. Sagaponack, NY – $5.16M
5. Montecito, CA – $4.50M
6. Los Altos, CA – $4.49M
7. Newport Beach, CA – $4.38M
8. Water Mill, NY – $4.37M
9. Brunswick, GA – $4.36M
10. Woody Creek, CO – $4.34M

Last week’s update: Montecito saw a burst of real estate action with 5 new listings, 4 closed sales, and 5 pending sales—more activity than we’ve seen in a while. A strong finish to October!


What Happened in Montecito Last Week?

October 27th – November 2nd

5 New Listings

4 Closed Sales

5 Pending Sales

 


weekly spotlight

Bring Your Offer! Must Sell in 30 Days

1556 La Vista Road | Santa Barbara | $4,495,000

This extraordinary Santa Barbara compound, newly listed at $4,495,000, is open to all offers, and will be sold by the end of the month or sooner.

Privately positioned beside the expansive 200+ acre San Marcos Foothills Preserve, this property offers a unique blend of soaring ceilings, panoramic ocean views, and a lifestyle that merges luxury with nature.

Please schedule a showing — don’t miss the chance to see and sell this exceptional property.


That sums it up for last week!

Click here to view more of our current featured listing

Check out this article next

3519 Padaro Lane | Carpinteria

3519 Padaro Lane | Carpinteria

against the stunning backdrop of Padaro Beach, this coastal retreat captures the essence of seaside living with a seamless blend of classic charm and modern…

Read Article