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 5th – April 11th

weekly spotlight

On the Bright Side

2201 Oak Park Lane | $1,950,000

Sun-filled and soulful, this turnkey Santa Barbara bungalow is easy to call home. Set in the inviting and historic Oak Park neighborhood, moments from Cottage Hospital and the De La Vina corridor, the three-bedroom, two-bathroom cottage with a newly constructed ADU blends California character with everyday ease.

That sums it up for last week!

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