Montecito Real Estate Update - Latest Weekly Trend

November 2, 2022


As October came to an end, the new listings and sales in the Montecito real estate market were few. Inventory remains low for the time being but that will likely improve after the holiday season.


Last week, 2 new Montecito listings hit the market, 3 sales have gone pending, and 2 sales closed. 38 listings are currently on the market.


Here are the new listings:


  • 1855 San Leandro Lane, a Montecito mediterranean estate with detached guest studio, resting on +/- 0.78 acres with +/- 3,545 sq ft. Built in 1923, this property is full of character. Featuring a spacious floor plan with 4 bedrooms and 5 bathrooms, this property was listed yesterday for $6,800,000.

  • 1231 East Valley Road was listed 6 days ago, and is offered at $2,900,000. With +/- 1,747 sq ft, this newly constructed property lies within Cold Springs School District and features 4 bedrooms and 4.5 bathrooms.


Are you interested in hearing about off-market opportunities in the Montecito area? Let’s connect! We have knowledge of off-market listings on a regular basis.



Market Recap: October 24th - 31st



2 New Listings


Listing & photo courtesy of Keller Williams Realty & the MLS.


Listing & photo courtesy of Berkshire Hathaway Home Services & the MLS.


3 Sales Pending


Listing & photo courtesy of Compass & the MLS.


Listing & photo courtesy of Berkshire Hathaway Home Services & the MLS.


2 Closed Sales


Listing & photo courtesy of Compass & the MLS.


Listing & photo courtesy of Coastal Properties & the MLS.


38 Active Listings


Listing & photo courtesy of Sotheby's International Realty & the MLS.



If you would like the same statistics for surrounding areas such as Carpinteria, Summerland, Santa Barbara, Hope Ranch & Goleta, please contact us!

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