The Luxury Report | June+Half Year 2025 Real Estate Market | Montecito/Hope Ranch/Santa Barbara
Hello Everyone -
It’s summer in South Santa Barbara County and the residential real estate market continues at a steady pace through 2025. It's a fluid market where activity differs neighborhood to neighborhood and home to home. Now more than ever, it is important to have extensive market knowledge when making real estate investments and we would be delighted to connect if you are considering a move to our special slice of coastal paradise!
Our June 2025 Santa Barbara area real estate market was characterized by a tug-of-war between rising inventory while sales continued at the same pace all year. Driven primarily by affordability challenges stemming from elevated mortgage rates, dramatic insurance premiums and high home prices—keeping many buyers on the sidelines.
INVENTORY | We have seen a notable increase in available homes during the second quarter, bringing us closer to a more balanced market for the first time since 2019 prepandemic days. While we are finally seeing the increased inventory the market has been waiting for, we have not seen the number of sales skyrocket as evidenced by the 113 total transactions in June, down 6% over June 2024. The increased inventory has given buyers more options to choose from with over 3.72 month supply of properties. With this shift toward a more balanced market, buyers are less likely to compete with multiple offers and may have more opportunity for negotiation.
MEDIAN SALES PRICE | Here is an area that has skyrocketed over the past few years. For the entire area the SFH median sold price is up 8% over 2024 at $2,430,000 YTD and in Montecito up 19% over 2024 at $6,400,000 YTD. Regardless of the increasing median sold prices, we encourage our buyers not to get discouraged. There are still good values out there and we can help you sort through the increased inventory to find “investment grade” properties, in desirable areas that will continue to be good decisions regardless which way the market trends.
ALL CASH SALES | Given the elevated sold prices, we are seeing a remarkable number of all cash transactions at 39% for the entire Santa Barbara area during the first half of the year. The Luxury Market is less impacted by interest rates with 58% of Montecito properties trading with all cash. More on the Ultra Luxury Market to follow.
SELLERS | We can help you get your home ready and price your home competitively the first time to attract enthusiastic buyers so you benefit from the best and highest price possible. Pricing your home correctly matters and listing too high often brings the seller a disappointing lower sold price. Homes that are not priced correctly are lingering on the market or being overlooked.
Looking for professional + creative results-oriented representation—reach out for a confidential conversation and strategic marketing plan. Let’s Talk!
RealTrends
VERIFIED RANKINGS 2025
“We are delighted and honored to be recognized as one of the TOP AGENTS in the Montecito area on Los Angeles Magazine’s 2025 All Stars List and the RealTrends Verified Rankings for 2025. It would be our pleasure to include you and your family as one of our valued clients and new friends ! Please reach out for a confidential conversation about your real estate goals!
- Randy Haden and Molly Haden
Thank you to our valued clients for helping us achieve this tremendous milestone of being included in the RealTrends Verified Rankings!
We are honored to be recognized as one of the top-performing teams in the country. This group includes the most influential leaders in real estate, including top teams, brokerage executives and industry trailblazers,
We are incredibly grateful for the continued trust in our expertise and your loyalty to our business. Our client's support make it possible for us to provide a seamless and successful experience to anyone looking to embark on their own real estate journey. Please reach out to discuss the current market and what your 2025 real estate plans are.
Los Angeles Magazine REAL ESTATE ALL STARS
With tens of thousands of real estate agents working in Los Angeles and surrounding communities, choosing the right one can be a daunting task. Buying a home shouldn’t be as stressful as driving a car without brakes, which is why we commissioned Professional Research Services to contact residential real estate companies—big and small—in the region and collect the names of its top performing agents within a 12-month period.
Now a home purchase of this significance no longer needs to be a gamble. Peace of mind is the least we can offer. Making your house a home is up to you!
-
southSANTA BARBARA COUNTY
YTD/HALF YEAR REPORT 2025 | In Review
Single Family Homes + Condominiums
+8% change over 2024
676
SINGLE FAMILY HOMES
TOTAL 2025 SALES
+10% change over 2024
489
AVERAGE SALES PRICE
-2% increase over 2024
$3,658,727
MEDIAN SALES PRICE
+8% increase over 2024
$2,430,000
CONDOMINIUM HOMES
TOTAL 2025 SALES
+4% change over 2024
187
AVERAGE SALES PRICE +27% change over 2024
$1,437,781
MEDIAN SALES PRICE +19% change over 2024
$1,159,000
- south -
SANTA BARBARA COUNTY
Q2 REPORT 2025 | In Review
Single Family Homes + Condominiums
+4% change over Q2 2024
365
SINGLE FAMILY HOMES
TOTAL Q2 2025 SALES
+4% change over Q2 2024
264
AVERAGE SALES PRICE
-20% increase over Q2 2024
$3,200,516
MEDIAN SALES PRICE
-5% increase over Q2 2024
$2,198,850
CONDOMINIUM HOMES
TOTAL Q2 2025 SALES
+3% change over Q2 2024
101
AVERAGE SALES PRICE +17% change over Q2 2024
$1,406,135
MEDIAN SALES PRICE +2% change over Q2 2024
$1,025,000
-
southSANTA BARBARA COUNTY
JUNE 2025 | In Review
Single Family Homes + Condominiums -6% change over 2024
113
SINGLE FAMILY HOMES
TOTAL SALES +4% change over 2024
84
AVERAGE SALES PRICE
-33% increase over 2024
$3,263,066
MEDIAN SALES PRICE
+7% increase over 2024
$2,138,830
TOTAL AVERAGE DAY ON MARKET
40 SOLD TO ORIGINAL LIST PRICE
CONDOMINIUM HOMES
TOTAL SALES -26% change over 2024
29
AVERAGE SALES PRICE +12% change over 2024
$1,429,585
MEDIAN SALES PRICE -9% change over 2024
$999,000
TOTAL AVERAGE DAY ON MARKET
45 SOLD TO ORIGINAL LIST PRICE 97%
$3,044,353
$1,895,000
SANTA BARBARA COUNTY
- south -
SANTA BARBARA COUNTY
- homes | estates | puds (excludes condos) -
LISTINGS + SOLD ANALYSIS YTD Totals | 2018-2025
INSIGHT | Are Inventory and Sales Moving Toward a More Normalized Market - Or Could This Just be a Moment in Time?
CØMPASS APP IS RANKED NUMBER ONE
Real Estate Apps Ranked | Here Is Which One to Get
We can create a personalized Compass Collection which is a curated visual workspace where we can collaborate, communicate, and monitor the market in real-time.
• Access exclusive inventory from your desktop or on the go with mobile.
• Find and save the most desirable properties on the market.
• Research property values and compare home features.
• Finding the perfect home has never been easier!
ORGANIZE
Save homes that match your criteria on an interactive board. Collections can help you track homes from list to sale, so you can get a better understanding of what to expect.
DISCUSS
Share comments about homes so that all communication is centralized.
MONITOR
Always stay updated with immediate email and mobile notifications when new listings come on the market.
MANY MORE AVAILABLE PROPERTIES
- LISTED WITHIN THE IN PAST 35 DAYS -
Our carefully curated Compass Collection includes properties we consider to be exceptional, excellent investments and/or good values - call/text/email for details or a private showing.
JUNE
PROPERTY
COLLECTION
Connect and stay ahead of the market. Get in touch for a list of the most up to date inventory—including Compass Private Exclusives (off market) and Coming Soon homes that are not available on public search sites.
Properties featured are courtesy of the Santa Barbara MLS. They may be listed by brokers and/or agents other than Compass or Haden Homes Luxury Property Group.
LUXURY MARKET Q1 2025 + OUTLOOK
The demand for ultra-luxury estate homes in our beautiful coastal community remains robust, as affluent buyers from around the globe are drawn to Montecito, Hope Ranch and Santa Barbara.
LUXURY MARKET SALES VOLUME | In 2024, 33 homes traded over $10M and 12 of these traded over $20M with the highest sale at 2781 Padaro Lane for $96M. The Ultra Luxury trend continues into 2025 with a total of 24 properties trading over $10M during the first half of 2025 with 17 of these homes in Montecito. Of these 24 properties, 8 traded for $20M or more which is exactly the same during the same time 2024.
The 24 properties trading over $10M this year is a 26% increase over the 19 properties during the first half of 2024. The high sale remains in January for $30,000,000 at 956 Mariposa Lane in Montecito.
SALES PRICE | The median sold price for SFHs in Montecito is up 19% over 2024 at $6,400,000 YTD. We feel the median price is a better indicator since one Ultra Luxury sale can artificially elevate the average sold price.
LUXURY MARKET CASH SALES | Enthusiastic buyers are undeterred by interest rates evidenced by 58% of homes in Montecito trading for all cash so far in 2025. While much has been said about the impact of high interest rates on residential sales, stock market sentiment holds more weight for many high-net-worth clients.
LUXURY MARKET OFF-MARKET ACTIVITY | Off-market deals are still thriving as evidenced by 20 of 116 homes (17%) in Montecito trading off market during the first half of 2025. We have been successful in putting many deals together privately by networking extensively with other top agents and being “in the know” when a homeowner prefers a quieter sale.
In addition, our Compass Private Exclusive program allows us to list your home privately and share off market properties with our clients directly. We are always delighted to share them with you so please contact us for a link to our current off market inventory.
- 2025 Sales ListULTRA LUXURY
The Demand Luxury our Beautiful Community as Affluent Around to Montecito Barbara Climate, Privacy, Community.
Demand for UltraLuxury Estate Homes in Beautiful Coastal Community Remains Robust, Affluent Buyers from Around the Globe are Drawn Montecito and Santa Barbara for our Exceptional Climate, Outdoor Activities, Privacy, Safety and Vibrant Community.
MONTECITO
YTD/HALF YEAR REPORT 2025 | In Review
Single Family Homes + Condominiums +38% change over 2024 (84 Sales)
116
SINGLE FAMILY HOMES
TOTAL 2025 SALES +25% change over 2024
99
AVERAGE SALES PRICE -11% increase over 2024
$7,414,668
MEDIAN SALES PRICE
+19% increase over 2024
$6,400,000
CONDOMINIUM HOMES
TOTAL 2025 SALES +240% change over 2024
17
AVERAGE SALES PRICE +10% change over 2024
$3,207,787
MEDIAN SALES PRICE -5% change over 2024
$2,538,880
TOTAL AVERAGE DAY ON MARKET 77 SOLD TO ORIGINAL LIST PRICE 92%
JUNE 2025 | In Review
Single Family Homes + Condominiums (combined sales)
13
AVERAGE SALES PRICE
-18% change over 2024
$8,073,798
MEDIAN SALES PRICE
+6% change over 2024
$7,525,000
HIGHEST SALES PRICE
1803 Fernald Point Lane Montecito CA 93108
$23,760,000
LOWEST SALES PRICE
1220 Coast Village Road, Unit 104 Montecito CA 93108
$1,275,000 Condominium Home
TOTAL AVERAGE DAY ON MARKET
130 SOLD TO ORIGINAL LIST PRICE 82%
MONTECITO HALF YEAR 2025 | 116
ADDRESS LIST PRICE SOLD PRICE% LIST DOM
JANUARY / 26 TRANSACTIONS
956 Mariposa Lane
788 San Ysidro Lane
1174 Glenview Road
175 Tiburon Bay Lane
1260 East Mountain Dr
321 Ennisbrook Drive
$35,000,000 $30,000,000 86% 105
$23,500,000 $23,500,000 97% 1
$21,000,000 $21,000,000 100 1
$22,500,000 $20,000,000 89% 1
$19,950,000 $17,000,000 85% 191
$14,850,000 $14,850,000 100% 1
630 Stonehouse Lane $11,250,000 $11,250,000 100% 121
581 Freehaven Drive
$11,950,000 $9,987,500 84% 110
750 Picacho Lane $12,000,000 $8,250,000 69% 307
1556 San Leandro Ln
1586 San Leandro Ln
1473 Bonnymede Drive
$7,800,000
$8,950,000
$8,250,000 106% 14
$8,125,000 91% 170
$8,695,000 $7,080,000 81% 224
1319 Plaza Pacifica $6,600,000 $6,450,000 98% 21
84 Seaview Drive
180 Olive Mill Road
$6,250,000 $5,900,000 94% 39
$4,875,000 $4,672,700 96% 71
2775 East Valley Road $4,750,000 $4,477,900 94% 125
1345 Plz De Sonadores $1,875,000 $1,835,000 98% 17
ADDRESS LIST PRICE SOLD PRICE% LIST DOM MAY / 22 TRANSACTIONS
849 Ashley Road $10,850,000 $10,600,000 98% 147 521 Santa Rosa Lane $10,650,000 $10,100,000 95% 22
640 El Bosque Road
$7,740,000 90% 27 155 Santa Isabel Lane $6,350,000 $7,550,000 119% 9 462 Crocker Sperry Drive$8,595,000 $7,450,000 87% 69 1091
JUNE / 13 TRANSACTIONS
MONTECITO
- homes | estates | puds | condosSOLD | TOTAL ANNUAL/YTD
10 Year Trend | 2015—YTD 2025
MONTECITO
- homes | estates | puds | condos -
MEDIAN SOLD PRICE / TOTAL SALES
Single Family Homes + Condos
7 Year Trend | 2019—YTD 2025
MONTECITO
$7,414,668 $6,400,000
2899 HIDDEN VALLEY LANE | MONTECITO
345 SIERRA VISTA ROAD | MONTECITO
HOPE RANCH
HOPE RANCH
YTD/HALF YEAR REPORT 2025 | In Review
Single Family Homes (no condos in Hope Ranch)
+80% change over 2024
SINGLE FAMILY HOMES
TOTAL 2025 SALES
-15% change over 2024
18
AVERAGE SALES PRICE
+24% increase over 2024
$7,355,110
MEDIAN SALES PRICE
+15% increase over 2024
$6,300,487
TOTAL AVERAGE DAY ON MARKET
18 CONDOMINIUM HOMES No Condos in Hope Ranch N/A
AVERAGE SALES PRICE N/A
MEDIAN SALES PRICE N/A
SOLD TO ORIGINAL LIST PRICE 88%
HOPE RANCH
JUNE 2025 | In
Review
Single Family Homes (no condos in Hope Ranch)
AVERAGE SALES PRICE
+40% change from 2024
$6,383,658
MEDIAN SALES PRICE
+38% change from 2024
$6,300,973
TOTAL AVERAGE DAY ON MARKET
3
HIGHEST SALES PRICE 1011 Las Palmas Drive Hope Ranch CA 93110
$7,850,000
LOWEST SALES PRICE 950 Monte Drive Hope Ranch CA 93110
$5,000,000
34 SOLD TO ORIGINAL LIST PRICE 99%
HOPE RANCH HALF YEAR 2025 |
HOPE RANCH HALF YEAR
Distributed by Price Range HALF YEAR 2025 TOTAL SALES
Total Transactions Dollars In Millions
$7,355,110 $6,300,000
SANTA BARBARA
BARBARA
SANTA BARBARA
YTD/HALF YEAR REPORT 2025 | In Review
Single Family Homes + Condominiums +3% change over 2024 (125 total sales 2024)
129
SINGLE FAMILY HOMES
TOTAL 2025 SALES
+21% change over 2024
93
AVERAGE SALES PRICE
+25% increase over 2024
$2,983,176
MEDIAN SALES PRICE +26% increase over 2024
$2,655,000
CONDOMINIUM HOMES
TOTAL 2025 SALES -13% change over 2024
36
AVERAGE SALES PRICE +28% change over 2024
$1,444,758
MEDIAN SALES PRICE +23% change over 2024
$1,244,500
SANTA BARBARA
JUNE 2025 | IN REVIEW
Single Family Homes + Condominiums (combined sales)
AVERAGE SALES PRICE
+31% change over 2024
$2,818,635
MEDIAN SALES PRICE
+16% change over 2024
$2,083,000
HIGHEST SALES PRICE
845 Sea Ranch Drive Santa Barbara CA 93109
$23,000,000
LOWEST SALES PRICE
2727 Miradero Drive 309 Santa Barbara CA 93101
$765,000 Condominium Home
YTD/HALF YEAR REPORT 2025 | In Review
Single Family Homes + Condominiums +500% change over 2024 (1 total sales 2024)
6
SINGLE FAMILY HOMES
TOTAL 2025 SALES
+33% change over 2024
4
AVERAGE SALES PRICE
-30% increase over 2024
$2,587,750
MEDIAN SALES PRICE -25% increase over 2024
$2,792,000
CONDOMINIUM HOMES
TOTAL 2025 SALES -75% change over 2024
2
AVERAGE SALES PRICE n/a increase over 2024
$1,871,000
MEDIAN SALES PRICE n/a increase over 2024
$1,871,000
JUNE 2025 | IN REVIEW
Single Family Homes + Condominiums (combined sales)
3
AVERAGE SALES PRICE
n/a change over 2024
$2,537,000
MEDIAN SALES PRICE
n/a change over 2024
$2,559,000
HIGHEST SALES PRICE
2322 Whitney Avenue Summerland CA 93067
$3,135,000
LOWEST SALES PRICE 255 Lambert Road Summerland CA 93067
$1,917,000
CARPINTERIA
YTD/HALF YEAR REPORT 2025 | In Review
Single Family Homes + Condominiums +26% change over 2024 (23 total sales 2024)
29
SINGLE FAMILY HOMES
TOTAL 2025 SALES -18% change over 2024
12
AVERAGE SALES PRICE +133% increase over 2024
$3,928,334
MEDIAN SALES PRICE +54% increase over 2024
$1,990,000
CONDOMINIUM HOMES
TOTAL 2025 SALES +22% change over 2024
17
AVERAGE SALES PRICE +30% change over 2024
$1,045,515
MEDIAN SALES PRICE +1% change over 2024
$808,000
CARPINTERIA
JUNE 2025 | IN REVIEW
Single Family Homes + Condominiums (combined sales)
AVERAGE SALES PRICE
+55% change over 2024
$2,231,667
MEDIAN SALES PRICE
+12% change over 2024
$1,465,000
HIGHEST SALES PRICE
1840 Cravens Lane
Carpinteria CA 93013
$10,500,000
LOWEST SALES PRICE
5956 Via Real Unit 3 Carpinteria CA 93013
$679,000 Condominium Home
GOLETA
GOLETA
YTD/HALF YEAR REPORT 2025 | In Review
Single Family Homes + Condominiums -12% change over 2024 (290 total sales)
71
SINGLE FAMILY HOMES
TOTAL 2025 SALES
+31% change over 2024
51
AVERAGE SALES PRICE
+15% increase over 2024
$2,022,460
MEDIAN SALES PRICE -4% increase over 2024
$1,525,000
CONDOMINIUM HOMES
TOTAL 2025 SALES
+21% change over 2024
20
AVERAGE SALES PRICE +5% change over 2024
$1,032,550
MEDIAN SALES PRICE +9% change over 2024
$980,000
JUNE 2025 | IN REVIEW
Single Family Homes + Condominiums (combined sales)
AVERAGE SALES PRICE
+26% change over 2024
$2,048,480
MEDIAN SALES PRICE
-10% change over 2024
$1,365,000
HIGHEST SALES PRICE
13600 Calle Real Goleta CA 93117
$18,000,888
LOWEST SALES PRICE
280 Moreton Bay Lane, #4 Goleta CA 93117
$605,000 Condominium Home
randy@hadenhomes.com
CONCIERGE Real Estate Service
EXPERT PERSPECTIVE
CONCIERGE SERVICE
Now more than ever you need an expert advisor on your side who can provide comprehensive analysis and exclusive insights into today’s fast-paced housing market. We see every luxury property available and know the market. Our commitment to staying educated on what’s happening with economic news, the real estate market, local sales and listings is essential to your success when buying or selling properties. We strive to deliver a high level of personalized service—personally! We provide our clients with cutting-edge strategies that produce ideal results. Our exceptional service is driven by efficient communication, understanding your needs and having expansive industry resources— combined with expert knowledge of the extensive contracts and required forms to protect your best interests. The process comes together as a result of our years of successful negotiating which leads to a winning deal. We listen carefully, anticipate your needs, execute the deal and handle all the details. The hard work starts when a contract is in place so you will be happy you chose representation experienced in closing the deal smoothly.
COMMUNITY INVESTMENT
Sell a Home | Build a Home initiative. We are deeply connected and committed to the communities in which we live and work. Haden Homes Luxury Property Group has made a pledge to help individuals with housing needs by partnering with Habitat for Humanity. For every home that our clients buy or sell, Haden Homes makes a donation to Santa Barbara’s Habitat for Humanity.
DISCRETION
Privacy is the Ultimate Commodity And the Decision to Sell Your Home Is a Personal One.
FLEXIBILITY
Decide When to Share Details About Your Home - Including PriceMore Expansively On Your Own Timing.
QUALITY
Exclusive Exposure To Compass Agents, Including Premium Placements On Agent Facing Platform.
VALUE
Get the Best Offer by Testing The Market Privately to Gather Key Insights Without Your Listing Getting Stale or Overexposed.
COMPASS PRIVATE EXCLUSIVE LISTINGS
Ask Us About Our Exciting Private Exclusive Listings | Contact Us Live For details!
A Compass Private Exclusive listing is an off-market home that can be shared by a Compass agent directly with their colleagues and their buyers. Property details are not disseminated widely and won’t appear on public home search websites.
Listing your home as a private exclusive allows you to control what information is shared about you and your home while still getting exposure to top agents at Compass.
THE TALK IS 2025 KITCHEN TRENDS/DESIGN + MORE
- click link for full article -
Why "Statement Stoves" Are Taking Over Kitchen Design, According to Experts | Centerpiece-Worthy Ranges are Now Turning Kitchens into Design Showcases
65 Kitchen Backsplash Ideas That'll Give Your Space an Instant Refresh A Little Pattern Goes a Long Way
The Hidden Kitchen Look Is In—Here’s What It Is and Why It Works So Well
The 9 Biggest and Best Kitchen Trends Now, According to Interior Design Pros
The Decorating Shortcuts Designers Swear By (and You’ll Wish You Knew Sooner)
The 8 Home Renovation Trends Set to Define 2025 and Beyond According to Designers | Your Home is ready for its Glow Up
DATA SOURCES | LISTING DISCLOSURE
All information provided is deemed reliable but has not been verified. We do not guarantee it and recommend buyers make their own inquiries. Data source Fidelity National Title of Santa Barbara, CORT and Santa Barbara MLS. INdata Real Estate Market Reporting through March 2025.
Properties featured are courtesy of the Santa Barbara MLS and are available for sale at time of publication. They may be listed by brokers and/or agents other than Compass or Haden Homes Luxury Property Group. Contact us for details or to set up a private showing at 805.880.6530.