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How's the Market?

Today we speak the short and simple truth -

  • 2020 Averages Sales Price in Montecito - $4,563,296

  • 2024 YTD Average Sales Price in Montecito - $7,176,946

That is a 57.2% increase! This staggering increase from 2020 to 2024 emphasizes that where you buy can make all the difference.


The first week of April signals a market in motion was 1 New Listings, 4 Closed Sales and 4 Pending Sales. The high-end market is particularly active so far this spring:

  • 375 Ortega Ridge Road closed after 30 Days on the Market for 95.5% of its list price ($12.25M)

  • 1581 S. Jameson Lane sold off market for $21,010,000

  • 595 Picacho Lane sold for $30,242,500 after 168 Days on the Market which was 91.6% of its last list price of $33M.

  • 1104 Channel Drive went into escrow ($33M)

Check back in next week for the latest market news.


What Happened in Montecito Last Week?

March 31st - April 6th









 



With a sense of timelessness and a mixture of old and new, this multi-acre Glen Oaks property captures the best of the Central Coast lifestyle in the heart of Montecito.


Click below for a private tour.




 


That sums it up for last week!

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