JULY MARKET UPDATE
July brought a noticeable increase in activity across South Santa Barbara County, with sales up 29% year-over-year. While most areas experienced a slight softening in pricing, Montecito stood out with 20 closings—an 80% jump from last July—and a median price of $4.65M, up 8%.
At Riskin Partners, July was an incredibly active and energizing month. We closed six Montecito sales in just seven days, including properties on Hot Springs, Lilac, Glen Oaks, and San Leandro. Several more are currently under contract, and we’re seeing continued momentum as summer carries on. Well-positioned homes are drawing strong interest and continuing to command attention.
Montecito
Montecito had a standout month with 20 sales—an 80% increase from last July. Median Price climbed to $4.65M, up 8% year-over-year, with four sales over $10M, including two on Lilac Drive and one on Rockbridge.
Santa Barbara
Santa Barbara also saw a strong uptick in activity, with 53 sales (+55% YoY). Median Price, however, dropped to just under $1.5M—down 25% from last year and continuing a downward trend that began in April. There were two sales over $5M, including 1815 Mira Vista Avenue for nearly $6.6M.
Hope Ranch
Hope Ranch had one of its best months in recent memory, with five sales (up from just one last July) and a Median Price of $6.1M. Two of the five sales were over $12M: 3911 Via Laguna ($12.5M) and 4660 Via Huerto (just under $12.9M).
Summerland
Summerland saw two sales in July, with a Median Price of $1.7M.
Carpinteria
Carpinteria recorded eight closings this month, down slightly from 10 in July 2024. Median Price came in at $1.3M, a 6% year-over-year decline. The standout sale was 7244 Gobernador Canyon Road, which sold for just under $5.4M.
