Can you feel it?

Montecito’s average sales price is around $6.4M year-to-date, down from $7.5M in 2025.

Last year there were 56 sales over $10M, including a $60M sale at 700 Picacho. That kind of year pulls the average up.

Although 2026 got off to a slower start, last week, the first +$20M sale closed: 1850 Jelinda Drive at $25.5M. Now that’s meaningful appreciation from it’s last sale 3 years ago for $18M (41%) and notably 9% below the asking price. There are several more deals cooking and time will tell if 2026 turns out to be another record setter for the ultra high end. For now, deals are concentrated in the $8M-$14M range.

Notably, 4 of the 9 highest sales this year have taken place off-market:

• 1333 E Mountain Drive | $17,850,000
• 633 Parra Grande Lane | $14,500,000
• 940 Alston Road | $14,011,604
• 1729 Glen Oaks Drive | $10,400,000

With more than 8 months left in the year, momentum is building, we can feel it.

What Happened in Montecito Last Week?

April 12th – April 18th

weekly spotlight

Biggest Little Farm

4488 Foothill Road | $4,850,000

Where the mountains lean into the sea, a new kind of California story unfolds, one rooted in intention, regeneration, and a deep respect for the land itself. Set across 6+ organic acres in the Carpinteria foothills, this ocean-view ranch lives in harmony with its surroundings. A private road leads you into a world where the pace slows and nature becomes part of daily life. 

That sums it up for last week!

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