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How's the Market?

In Montecito and Santa Barbara, the real deal is often what you don't see listed. Last year, 137 homes found new owners without ever hitting the market, and this year, we're already at approximately 18 off market sales. These pocket listings are the VIP pass to discovering properties around town—accessible to just a few in-the-know.


Pocket listings give buyers an insider edge, offering a quieter, more direct path to securing their dream property without the competition of the broader market. And for sellers, pocket listings provide the advantage of targeting the right buyers discreetly, maximizing the potential for a favorable sale without the public market.


It all boils down to connections—in the real estate circles of Montecito and Santa Barbara, being well-informed and connected is the key to unlocking hidden opportunities. Reach out to us if you would like more information on current pocket listings.


Now for the latest Montecito real estate stats - the last week of March there were 6 New Listings, 4 Closed Sales and 1 Pending Sale. One of the closed sales this past week was an off market sale - 1050 Fairyway Road. Throughout the whole month of March there were 13 Closed Sales, the highest sale being 319 San Ysidro Road, an off market sale for $32M. This is very similar to the March stats from 2023, where there were 12 Closed Sales, although the highest sale in March last year was 377 Santa Rosa Lane, which closed for $14.23M. Now that we are officially done with the first quarter of 2024 we shall see how the Q2 starts out!


What Happened in Montecito Last Week?

March 24h - March 30th









 


SEA MEADOW - BEACHSIDE COMMUNITY



Montecito's only gated beachside community. Sea Meadow's superior location, as well as the pristine quality of each uniquely designed home sets this community apart from all the rest.


Let's break down what makes Sea Meadow stand out:


  • Prime Location: Situated on the edge of Hammonds Beach, Sea Meadow ensures premier access. It's conveniently close to Montecito's Lower Village, with the Rosewood Miramar Resort and Coral Casino nearby, elevating the appeal of its location.

  • Founder's Vision: Developed in the 1990s by Charles Munger, Sea Meadow was created with a dedication to the comfort and meticulous care of its residents and their residences.

  • Architectural Distinction: Under the design guidance of J.M. Sewall & Associates, the homes within Sea Meadow are crafted to merge beautifully with the coastal scenery, offering unique designs that reflect architectural brilliance.

  • Desirable Community: Spread across 22 verdant, seaside acres, the community comprises 30 custom homes and one additional lot, providing an intimate and private living experience.

  • Luxury Amenities: Sea Meadow elevates the living experience with amenities that include:

    • A private clubhouse for social and community gatherings.

    • Private tennis court.

    • A relaxing pool and spa area.

    • Private access to Hammonds Beach.

  • Lifestyle Offering: Embodying the "lock and leave" lifestyle, Sea Meadow combines the privacy of a gated enclave with the amenities of a deluxe resort, offering a seaside sanctuary for those who value luxury and tranquility in their living environment.




 


That sums it up for last week!

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