1147 Hill Rd_0030.jpg

BLOG

Montecito Market Update: February 2020

Updated: Apr 23, 2020





Activity was strong in February for Montecito, but it was an especially compelling month for large estates owners.


The buzz in Montecito was centered around the auction of 818 Hot Springs Road. With nine bidders registered, it looked like it was going to be a great success. But bidders did not step up to anticipated prices and the estate was sold for $8,275,000 -- and then the successful bidder changed their minds. As of now we are hearing that the property is still available. All in all, luxury estate auctions continue to suffer from a perception that these properties are distressed (which in Montecito is not the case) and are not reaching market prices. For more details and behind the scenes information, give me a call!




Click Here to view our current Featured Listings

Screen Shot 2020-04-22 at 9.19.53 AM.png
Extend Summer at East Beach
Extend Summer at East Beach
Jun 22, 2021
Weekly Market Snapshot
Weekly Market Snapshot
Jun 21, 2021
Make the Move Now!
Make the Move Now!
Jun 18, 2021
Weekly Market Snapshot
Weekly Market Snapshot
Jun 14, 2021
And The Crowd Goes Wild...
And The Crowd Goes Wild...
Jun 12, 2021
Weekly Market Snapshot
Weekly Market Snapshot
Jun 21, 2021
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • Pinterest
  • YouTube
Follow
Archive
Recent Posts
Featured Post
Categories