How's the Market?
“You are just as likely to solve a problem by being unconventional and determined as by being brilliant.” - James Dyson
In luxury real estate triumph often lies not just in individual brilliance, but in the collaborative and determined efforts that we all make as a team with a common goal.
Taking a cue from the wisdom of Dyson, we recognize that fostering creativity and resilience between buyers, sellers and of course our fellow agents, is often as influential in a successful transaction as raw intellect. Whether we’re tackling intricate negotiations, working on cutting-edge marketing tactics, or surmounting unforeseen challenges, we like to champion an ethos of innovative problem-solving and unwavering perseverance. The path to success isn't solitary and by embracing the collective creativity of all parties we pave the way for a smooth “sale” (all puns intended).
Last week in Montecito there were 6 New Listings, 3 Closed Sales and 2 Pending Sales. Throughout the whole month of February there were a total of 14 sales, showcasing a diverse range of transactions. Three of the sales were over $10M and seven were under the $6.5M mark. The highest sale of February was an off market sale - 875/885 Park Lane, which sold for $36.8M. With activity maintaining its steady pace, we're eagerly embracing the onset of a new season and seizing the additional day gifted by the Leap Year to get a jumpstart on spring.
What Happened in Montecito Last Week?
February 25th - March 2nd
SPOTLIGHT STORY
In autumn 1994, a hidden gem was discovered when our Seller impulsively purchased an unlisted lot. Despite endless hurdles, including numerous Montecito Association meetings and planning permissions, after two years, the Seller triumphed by securing a building permit, initiating construction. Today, 30 years later, their vision of a simple, timeless home with abundant natural light has come to fruition, captured through meticulous inspections, staging, photography, and videography, offering prospective buyers a sanctuary filled with warmth, joy, and cherished memories.
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