JANUARY MARKET UPDATE
Across South Santa Barbara County, the year began with a more measured pace following a strong finish to 2025. There were 90 closed sales in January, down 9% from last year, and the median price declined 12% to just under $1.8M. This moderation reflects a healthy market dynamic, as increased inventory and more balanced conditions continue to support long-term stability.
January was highlighted by a $12.8M closing on Rametto Road for our team, reflecting continued activity at a level of the market where demand has remained especially consistent. As we move further into the year, February has already brought additional closings ranging from $4M to $14M, and pending sales north of $20M, signaling steady momentum across Montecito’s market.
Montecito
Following an exceptionally active fourth quarter, Montecito saw 9 closed sales in January, compared to 26 one year ago. The median price was $5.3M, down 14% year over year. Two notable sales exceeded $10M, reinforcing continued demand for premier properties, including the sale of a Rametto Road estate at $12.8M, where our team represented the buyer.
Santa Barbara
Santa Barbara proper experienced strong activity, with 46 sales, up 24% from last January. The median price rose 6% to just under $2.2M, with six sales over $4M. This steady performance highlights continued buyer confidence across a range of price points.
Hope Ranch
There were no sales in Hope Ranch this month.
Summerland
There were no sales in Summerland this month.
Carpinteria
There were 12 sales in Carp this month, down slightly from 15 in January 2025. Median Price, however, was down ~50% to just under $750,000, as 9 of the 12 sales were below $1M. The most notable sale this month was 5510 Callejon for $3.3M.
