Montecito Real Estate Statistical Update Aug 31, 2014. The Montecito real estate market continues its meteoric rise in median sales price. The Montecito median sales price is up an incredible 37.2% year over year. The Montecito median sales price currently stands at $2,812,500. Last year at this time, the Montecito median sales price was $2,050,000. The number of Montecito homes listed for sale had a major reversal. The number of Montecito homes listed for sale in August is up 45% year over year. For much of 2014, the number of Montecito homes listed for sale was in the negative column. The number of Montecito homes sold was off 14.3% year over year. For most of 2014, the number of Montecito homes sold in the negative column was a result of a lack of Montecito homes for sale. Time will tell whether this surge in Montecito homes listed for sale in August will have an impact on the number of Montecito homes sold.
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