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Montecito Heat Index

August 9th, 2017 · No Comments · Montecito Homes For Sale, Montecito Real Estate, Montecito Realtors, Santa Barbara Real Estate

The Montecito Heat Index is a measurement of market demand for Montecito single family homes in five distinct price sectors.  Although completed sales are the favored metric for market performance, such data is always at least a month old.  The heat index here uses a ratio of properties for sale to those under contract to determine the current demand or heat.   Since real estate fluctuates seasonally the heat score (demand) here is compared to this same time a year ago.

The data is from the Santa Barbara MLS and deemed reliable. The heat score right now is 110, a solid increase of 77.4% over last years 62.  The Montecito Heat Index is featured in the Montecito Journal’s July 20-27th issue in the “Real Estate View” by local Santa Barbara Realtor Michael Phillips.

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