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Montecito Real Estate Market Snapshot

Updated: Sep 29, 2022

Last week in Montecito we picked up the pace with 5 Pending Sales, including the showstopper up Toro Canyon Park Road listed at $19,950,000 and the 1 bedroom, 1 bathroom in Bonnymede opening escrow after only 5 days on the market.


There were 8 New Listings, one being a 2-parcel offering on Oak Grove nestled into the quiet-comfort and canyon of southeast Montecito; the most notable of the 3 Price Changes was on Rametto, a staggering $1M price reduction (!) for this big ocean view listing overlooking the Montecito Club. And there were 3 Closed Sales, two located in the Hedgerow and one an off market sale of a 100+ year old compound just steps from the upper village on E Valley Road,


Curious what your home might be worth? With national headlines declaring volatility and unpredictability, I've found Buyers are moving without hesitation on homes priced right.

Call, text or email me for details!


What happened in Montecito Last Week?

July 31st - August 6th



Inventory is finally on the rise! Realtor.com predicts a jump of 15% in the for-sale housing stock — a sharp rise from just 0.3% at the beginning of the year, providing much needed options for buyers.
 

That sums it up for last week!

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