How's The Market?
I came across this map last week and was reminded anew of all the neighborhoods and lifestyles that Montecito offers — Birnam Wood, Butterfly Beach, Lower Village, Montecito Oaks, Hedgerows, Upper Village, Golden Quadrangle, Ennisbrook, Pepper Hill, Sea Meadow, Montecito Ranch, Montecito Shores and Bonnymede, Glen Oaks, Fernald Point, Miramar, Eucalyptus Hill, Casa Dorinda and these don’t include Summerland!
Well, so far this month in Montecito there have been only 3 Closed Sales, one of which closed last week. The Average Sales Price is $7,870,833 - so although the number of April sales is down, the Average Sales Price is still up!
There are currently 12 Pending Sales in Montecito, which we expect to help move the needle of sales upward later this month. We saw 4 New Listings come on the market last week with a wide price range, the lowest being $2.750.000 and highest new listing being $19,000,000 (a re-listed property). Enjoy the map and the stats and looking forward to seeing you around the neighborhood.
What happened in Montecito Last Week?
April 9th - April 15th
910 BUENA VISTA DRIVE
Recently remodeled by Becker Studios, this tranquil and serene estate rests on 2.63 private acres with stunning ocean, island and mountain views, Offered at $14,750,000
2170 ORTEGA RANCH LANE
Epic views span the horizon at the newly renovated, single-level estate. Inside, gracious rooms and covered terraces are ideal for entertaining. Offered at $16,250,000
1006 FAIRWAY ROAD
A lovely 2 bedroom/ 2 bathroom townhome/cottage in the highly-desirable and low-density gardens section of El Montecito Verde. A secluded and quiet Montecito location, safely elevated on a coastal bluff and in close proximity to Butterfly Beach Offered at $2,750,000
Below are quick links to luxury listings (+$2M), around town:
Montecito (34 Active Listings - Up 2 from Previous Week)
Below is our weekly Montecito Market Summary.
The Garden Club of Santa Barbara welcomes YOU to take a leisurely stroll through their unique and inspiring Flower Show this April hosted at The Music Academy.
WHEN: April 20 & 21, 2023
WHERE: The Music Academy, 1070 Fairway Road Montecito, CA 93108
We hope to see YOU there!