Knock knock - Q4 Is almost here!
Labor Day has come and gone, along with the US Open (!), and now the routine of September begins — oh, the possibilities! Time to top off your coffee, because the Montecito market is picking up speed.
After a summer that felt almost too quiet, the past two weeks have had a jolt of energy.
- Three sales closed over $10M.
- Three sales closed between $5–10M.
- 20 new listings hit the market with an average list price of $8,578,400 and a median of $5,622,500.
- And don’t even get me started on what’s happening off market and behind the scenes!
What’s notable is the balance: for the first time in months, both sellers and buyers are feeling momentum.
Let’s take a closer look at the high and low sales from the past two weeks:
High Sale:
1166 Summit Road | $11,500,000
WHAT WE LOVE: Selling at an impressive $3,420 per square foot, this reimagined 1920s California Farmhouse embodies timeless architecture and modern craftsmanship. Framed by sunlit gardens, a pool that captures classic Montecito charm, and just moments from the Montecito Club and Lower Village — Summit Road checks nearly every box on most buyers’ short list.
Low Sale
1336 Plaza de Sonadores | $2,950,000
WHAT WE LOVE: Turnkey coastal living in the idyllic Bonnymede Shores community, featuring 2 bedrooms, 2 baths, sleek design, seamless indoor-outdoor flow, and the ease of a secure lock-and-leave lifestyle just steps from the sand.
As fall unfolds, Sellers will need sharper pricing strategies to stand out, while Buyers may find this season offers more leverage, and more options, than we’ve seen in months.
What Happened in Montecito Last Week?
August 31st – September 6th
weekly spotlight
Marisella at The Ritz-Carlton Bacara
If you haven’t been yet, Marisella is a must. Michelin-starred chef Danny Grant has brought coastal Italian cooking to the Bacara with handmade pastas, wood-grilled seafood, and a menu that feels both elevated and inviting. Add in those sweeping ocean views and Mediterranean-inspired interiors, and it’s the kind of place you’ll want to linger long after dinner.
