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How's the Market?

"I have not failed. I have just found 10,000 ways that won't work." — Thomas Edison


Happy Labor Day! Whether it is a beach day, lazy afternoon at the park, BBQ with family and friends or just a quiet day to reset - I hope you are enjoying a lovely Labor Day.


Now for for some quick stats on Montecito real estate. Last week there were only 2 New Listings, 4 Pending Sales and 3 Closed Sales. Interestingly enough, all the new Pending Sales and Closed Sales were $5.5M and below.


August had a total of 12 sales in Montecito - the highest sale was 256 Las Entradas Drive in Ennisbrook, which sold for $15,585,000. This number of sales in on par with August 2022, as there were 13 Closed Sales last year. Heading into this new month and season we are looking forward to seeing what comes to market and how the transition to fall encourages an uptick in activity.



What Happened in Montecito Last Week?

August 27th - September 2nd









Immortal Glamour


One of the true anchors of our little coastal town, The Four Seasons Resort Biltmore, is celebrating 90 years of style, luxury, and fortuitous escapades. Let's take a look...



"The resort continued to play a vital role in the ceremonial life of the city. The parties here have always produced stories retold long after the guests go home."



“We are entering our 90th year with a whole new perspective—keeping luxury at the forefront, sharing anecdotes from our past, and welcoming the future with new and exciting endeavors.”

— Karen Earp



Read the full article in The Santa Barbara Magazine - click here.


 

That sums it up for last week!

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