OCTOBER MARKET UPDATE
Across South Santa Barbara County, the market remained active as we moved deeper into fall. There were 135 closed sales in October, a 20% increase compared to October 2024. The median price declined 7% year over year to $1.85M, with 85% of closings above $1M (down slightly from 88% last October).
October was a remarkable month for our team, with $171.5M in closed dollar volume across South Santa Barbara County. As we move through November, that confidence continues with two additional high-end off-market sales in which we represented both the buyer and the seller.
From significant off-market sales to one of the most notable closings in Montecito’s history, we’re incredibly grateful for the trust our clients place in us. Every transaction represents a relationship, a story, and a moment of transition — and we’re honored to help guide each one.
Montecito
Montecito had a standout month. Sales doubled year over year (23 vs. 12), and the median price rose 28% to $7M. Demand at the high end remained strong, with eight sales over $12M, including the area's most notable closing in history: 700 Picacho Lane at $60M — a sale we were honored to represent on both sides.
Santa Barbara
Santa Barbara recorded 59 sales, up 35% from last October. The median price held steady, down just 1% to just under $2M. There were three sales over $4M, the highest being 2082 Las Canoas Road at $5.4M.
Hope Ranch
Hope Ranch saw two closed sales this month: 4672 Via Roblada for $7.8M and 4475 Via Abrigada for $12.2M.
Summerland
Summerland recorded one sale in October: 3375 Foothill Road #732 for $1.25M.
Carpinteria
Carpinteria posted 15 sales, slightly above last year’s 13. Eight of the 15 closings were below $1M, contributing to a 41% year-over-year decline in median price to $995,000. The most notable sale was 5664 Calle Pacific for $2.3M.
