How's The Market?
With 7 New Listings, 2 Closed Sales and 4 Pending Sales, the real estate rhythm feels steady. Looking at the beginning of this month and back at last month, the Average Sales Price of homes in Montecito month to date ($5,959,631) is down from 2022, but it is still higher than years previous (see below). As well, cash transactions were high last month, 71% of all the Mach sales were cash deals, which is higher than we have seen so far in 2023.
What happened in Montecito Last Week?
April 2nd - April 8th
1138 HILL ROAD
Stunning 4 bedroom /4 bathroom Spanish estate located in the coveted Butterfly Beach neighborhood of Montecito. Offered at $8,500,000
390 WOODLEY ROAD
Set on over an acre with unrivaled mountain views., 4 bedrooms/ 3 bathroom Montecito home has an additional 1 bedroom/ 1 bathroom unit attached - lending itself to many lifestyles. Offered at $5,850,000
350 CALLE ELEGANTE
This Montecito contemporary property offers resort-style living on nearly one-acre with spectacular views. Offered at $8,400,000
Below are quick links to luxury listings (+$2M), around town:
Montecito (32 Active Listings - The Same from Previous Week)
Below is our weekly Montecito Market Summary.