Montecito Market Update: January 2020

Whoever said spring is the best time to sell doesn’t know Montecito!

We are off to a great start for 2020 with increases in sale activity across the board and

buyers in all price ranges stepping up to purchase. Prices are lower than January 2019, and the trend continues for newer, more contemporary styled properties to be selling for a premium while older homes in need of updating and very large square footage homes and estates selling for less. This has created a great opportunity for buyers looking to purchase a once in a lifetime estate in Montecito - the upcoming auction at 818 Hot Springs has everyone buzzing and we are looking forward to sharing the results with you next month.

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