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.
