“We make a living by what we get, but we make a life by what we give.”
– Winston Churchill
Amid the uncertainty of 2024, Montecito remained in high demand with average sales prices up 18% from 2023, reflecting confidence and optimism for the year ahead. Our resilient and generous community continues to offer an unmatched lifestyle along the Central Coast.
Q4 2024 Overview
- Q4 2024: 37 Sales and an Average Sales Price of $6,001,207
- Q4 2023: 33 Sales and an Average Sales Price of $6,288,113
- Q4 2024 Average Sales Price decreased 4.56% compared to Q4 2023
- 6 Off market sales (16.2% of all the Q4 sales)
- 19 Sales below $5M
- 90 Average Cumulative Days on Market
LUXURY MARKET ($10M+)
- 4 Sales exceeded $10M
- 1 Luxury sale was off market
- 1 Sale surpassed $15M
- 735 Picacho Lane was the highest sale, closing for $17,000,000
LOOKING INTO 2025:
- Luxury Takes Over: Consumers are prioritizing luxury and unique experiences, fueling profits in sectors like high-end real estate, travel and entertainment. Premium offerings and unforgettable moments are driving purchases across all sectors and affluent consumers are paying top dollar for dining, real estate, travel, fashion and more all to experience a lifestyle of comfort, refinement and quality.
if you love…
A PRIVATE OASIS OF LUXURY
465 HOT SPRINGS ROAD
NEWLY LISTED | $37,500,000
Create your legacy at Monte Arroyo, a soulful c.1910 estate in Montecito’s Golden Quadrangle. Surrounded by a lush botanical wonderland, this artfully restored residence blends historic elegance with modern sophistication. Just moments from Upper and Lower Villages yet offering complete privacy, Monte Arroyo is your personal sanctuary, complete with a Wellness Pavilion, Guest House, pool, spa, movie theater, and more — perfect for stylish entertaining or tranquil escapes in the heart of Montecito.
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