Montecito CA. Real Estate Once Again Finds Itself in Top 10 Wealthiest Zip Codes in the U.S.

Once again, America's most expensive zip codes includes Montecito CA.  Coming in this year at #9, statistics show that the median home price here in Montecito to be at $3,099,000.  So far this year, the most expensive sale in Montecito was a dated, but clean ocean front home located at 1473 Edgecliff Lane that closed for $10,750,000.  Other significant sales were a brand new Mediterranean Estate with privacy and panoramic ocean views located at 1379 Oak Creek Canyon Road.  This wonderful Estate closed for $9,000,000.  Another gorgeous Italian Villa located at 2959 Sycamore Canyon Road closed at $7,900,000. Overall there have been no major high end sales in the $12-$25 million range, but plenty of sales in the $5 to $10 million range.  This obviously has to do with the market coming down around 40% in the high end market for sure over the last 3 years. Of the combined top 10 wealthiest zip codes, 4 were located in California (Montecito, Beverly Hills, Atherton and Hillsborough), while the other 6 were located in and around New York.

Montecito CA Estates

 

Montecito ca real estate

Montecito Estates

Montecito Ocean View Real Estate

 View: Santa Barbara / Montecito Real Estate $1-3 Million View: Santa Barbara / Montecito Real Estate $3-5 Million View: Santa Barbara / Montecito Real Estate $5 million and Above Further Reading:

  1. Montecito 2010 Year End Sales Stats
  2. Santa Barbara 2010 Year End Sales Stats
  3. Santa Barbara Ocean Front Areas
  4. Santa Barbara Luxury Real Estate
  5. Most Significant Montecito Luxury Real Estate Sales 2011...so far
  6. Luxury Real Estate Sales 2010 - $10 Million and Up
  7. Montecito Beachfront Town homes at Bargain Prices
  8. 2010 Top 10 Real Estate Sales Montecito, Hope Ranch, Santa Barbara, Carpinteria

Subscribe: Receive Personal Listings of Santa Barbara Real Estate Search: The Santa Barbara Area MLS For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty. Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative.  Please feel free to contact me or comment below with any thoughts.

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