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How's the Market?


An endless escalator?


Inflation is that one unwanted guest that just won’t leave: headline inflation (CPI) in March rose to 3.5% annually, up from 3.2% the month before.


Investors didn’t love the news initially as it pushed expectations of rate cuts further out, but markets have short memories — the S&P 500 is now actually flat this week, thanks to a better day (+0.7%) yesterday.


On a personal level, though, you might be wondering: is my house still going up in price? Here are the latest pricing graphs to make you feel good!






Now for the latest stats - the spring market felt active and exciting last week! There were 5 New Listings, 4 Closed Sales and 3 Pending Sales. Interestingly, after a start to April that featured several sales above $10M+, last week shifted gears with two of the closed sales falling below the $2M mark. This just goes to show, no matter the price point, there's a fit for every buyer and every lifestyle — you just need to know where to look. 🥸



What Happened in Montecito Last Week?

April 7th - April 13th









 



1556 LA VISTA ROAD

Santa Barbara | California

Offered at $6,300,000


Behold the majesty of soaring high ceilings and panoramic ocean views where sunshine reigns supreme and illuminates this magnificent Santa Barbara estate.





 


That sums it up for last week!

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