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Montecito & Hope Ranch Quarterly Market Update October 2016

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Hope Ranch Quarterly Report

October 2016

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In Hope Ranch activity declined slightly during the 3rd quarter. The number of sales remained consistent with 5 sold. The average sales price dropped 14% to $3,860,0,585 and the median sales price fell 42% to $2,375,000. On average, properties sold for 95% of their last listed price. Currently there are 24 active listings and 1 pending sale.

Montecito Quarterly Report

October 2016

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In Montecito activity declined slightly during the 3rd quarter. The number of sales remained consistent with 42 SFR sold. The average sales price dropped 16% to $3,269,253 and the median sales price fell 5.5% to $2,500,000. On average, properties sold for 91% of their last listed price. Currently there are 124 active SFR listings and 16 pending sales.

For more information about Montecito and Santa Barbara market conditions contact us at

team@teamscarborough.com or call (805)331-1465.