Montecito Real Estate Update as of May 17, 2018. The number of Montecito homes sold is off 40% year over year. The median sales price is Montecito is off 19.4% and currently stands at $2,700,000 The number of Montecito homes listed for sale is off 26.9% year to date. There is ample supply creating a buyers market. Search Montecito Real Estate now. For more information call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com