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How's the Montecito Real Estate Market?

Homework club?


Working from home is up 16% compared to two decades ago and is here to stay, according to the Bureau of Labor Statistics' Time Use Survey for 2023. The survey confirmed that approximately 35% of all employed persons in the US spent the average working day doing at least some of their work from home, which is 16% more than two decades ago. This trend is strongly reflected in the housing market in Montecito.


As June nears its end, Montecito has seen 14 sales (including 2 unreported sales in the MLS), which is slightly down from 19 last June. Despite fewer transactions, the average sales price in June 2024 has surged by approximately 47% to $10,057,647, up significantly from $6,831,552 in 2023.





 


What Happened in Montecito Last Week?

June 23rd - June 29th






0 NEW PENDING SALES



 


JULY

IMPORTANT DATES & EVENTS


July 1st: Canada Day - A national holiday in Canada, formerly known as Dominion Day, commemorating the confederation of Upper and Lower Canada and some of the Maritime Provinces into the Dominion of Canada on July 1, 1867.


July 4, 1776: Happy Birthday to the United States 🇺🇸🎇- The Declaration of Independence was approved by the Continental Congress.


July 5: National Bikini Day 👙 - Go head to the beach!


July 8, 1796: The U.S. State Department issues the first passport.


July 9: Starbucks Announced No More Plastic Straws in 2018 - Saves over 1 billion straws per year.


July 12: The Power to Tax Income 💵 - This amendment passed in 1909, imagine what it would be like if this weren't around!?


July 14: Bastille Day - The French Revolution begins with the fall of Bastille prison in 1789


July 17: Disneyland - Opened in 1955


July 20: Neil Armstrong Lands on the Moon in 1969 🌕 🚀 - One small step for Man, one giant step for Mankind.”


July 24: International Self Care Day - Head to the spa and indulge.


July 26: A Day for Baseball - Mickey Mantle hits his first “Grand Slam” in 1952


July 31: American swimmer Michael Phelps becomes the greatest medal winner in Olympic history at nineteen total medals, including 15 gold medals. (2012)



 


That sums it up for last week!

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