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How's the Market?

A father is the one friend upon whom we can always rely.” - Emile Gaboriau


I hope you all enjoyed a beautiful Father's Day celebrating the father figures in your life.




Last week was an intriguing week in the Montecito market. There were 6 New Listings between $2.35M and $17.6M and 6 Closed Sales. What caught our eye were 3 of the Closed Sales that sold off market:

  • 1435 E. Valley Road - Sold for $11,406,00097% of the List Price

  • 901 Picacho Lane - Sold for $10,000,000 • 101.2% of the List Price

  • 715 Oak Grove Lane • Sold for $4,000,000100% of the List Price

Inside knowledge is more valuable than ever - don’t hesitate to reach out for the back story on these and other sales!



What Happened in Montecito Last Week?

June 11th - June 17th










We Just Heard...



Coast Village Road seems to be in the midst of many different upgrades and the most recent thrown in the mix is a planned remodel of the former Cava Restaurant building. The remodel plans were in front of the Santa Barbara City Architectural Review Board last week and they purposed a whimsical facelift by the iconic, local architect Jeff Shelton.


The plans propose renovating the façade of the restaurant building and adjacent office on the site, as well as proposing to remove two diagonal parking spaces that will be relocated. Shelton’s plans include his quintessential decorative tile in blue and yellow colors, cement plaster, ironwork, decorative pots, signage, and awnings.


Comments from the ABR were mostly positive, with board members calling the project “delightful” and in compatibility with the surrounding neighborhood. The project received design approval, and will need to return for final approval. Click here to learn more.


 

That sums it up for last week!

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