INSIGHTS

TOTAL NUMBER OF TRANSACTIONS WERE UP 10% IN Q1 2023 COMPARED TO Q4 2022.

AFTER TWO CONSECUTIVE QUARTERS OF TOTAL SALES VOLUME AND NUMBER OF TRANSACTIONS DECLINING, WE SAW A REBOUND IN ACTIVITY DURING Q1 2023.

THE HIGHEST PRICED SALE IN MONTECITO DURING Q1 2023 WAS 308 ENNISBROOK DRIVE, SELLING OFF MARKET FOR $21M. THIS MARKED THE FOURTH TIME THE PROPERTY HAS TRADED HANDS SINCE 2017, EACH TRANSACTION AT A HIGHER SALE PRICE.

THE DATA SHOWN ILLUSTRATES THE TOTAL SALES QUANTITY FOR A RANGE OF PRICE TIERS WITHIN THE MONTECITO REAL ESTATE MARKET DURING Q1 2023

17 SALES

8 SALES

4 SALES

3 SALES

UP TO $5M $5-10M $10-15M $15M+