Скачать или смотреть The Martin Minute | Montecito and Hope Ranch | October 2024 Review

Market update for the luxury markets of Montecito and Hope Ranch as of October 2024

For Montecito, sales activity has slowed compared to last year, with fewer properties changing hands. Homes are spending just over a month on the market and closing below the list price. The median sale price has declined, though inventory has seen a notable increase, offering more options for buyers.

For Hope Ranch, this October saw only one property sold, fewer than last year’s activity. The home sold at full price after nearly two months on the market, with the sale price reflecting the premium nature of this exclusive area.

Next week, I'll be sharing an update on the Carpinteria and Summerland market for October 2024. If you have any questions about these trends or are considering buying or selling in Santa Barbara, please feel free to reach out.

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