NOVEMBER MARKET UPDATE
Across South Santa Barbara County, the market remained steady as we moved toward year-end. There were 108 closed sales in November, up 15% from November 2024. The median price rose 11% year over year to $2M, marking only the sixth time this milestone has been reached.
November was a strong month for our team, highlighted by two notable off-market sales, one on San Leandro Lane and another on Park Lane. These transactions reflect continued confidence at the high end and the value of thoughtful representation in a more selective market.
Montecito
Montecito recorded 15 sales in November, slightly above the 13 from last year. The median price surged 575% to $8.3M, driven by strong activity at the upper end of the market, with five sales closing above $10M.
Santa Barbara
Santa Barbara proper saw 53 sales, up from 48 in November 2024. The median price increased 13% year over year to $2M. Four sales exceeded $4M, with the most notable closing being 3213 Cliff Drive at $10.85M.
Hope Ranch
There were no closed sales in Hope Ranch during November.
Summerland
Summerland recorded three sales in November, with the most notable being 2556 Whitney Avenue, which closed at $4.6M.
Carpinteria
Carpinteria posted eight sales, matching last November’s total. The median price rose 7% to $1.94M. Notably, two additional Polo Residences closed this month: 135 Polo Way at $4.7M and 110 Polo Way at $5.4M.
