Montecito Real Estate Market Snapshot
Updated: Sep 29, 2022
New listings in Montecito slowed down by 50% compared to the week prior with only 4 New Listings coming on the market.
Most Notably was ‘Far Afield’ preeminent Golden Quadrangle Estate returning to market for $64,000,000 with a $10M price reduction.
Then the real action was seen in negotiations with 6 Pended Sales, from under $2M to over $14M and including this 2-acre mountain view lot offered at $5,750,000. There were 2 Closed Sales this week, a charming cottage on Eucalyptus Hill and the contemporary stunner up Toro Canyon Park. The only Price Change of the week was the Ocean-view building site on Ayala Lane with a 1920’s fabled Montecito Estate reducing it's price by over $3.5 million,
Whether you are out enjoying the very last days of Summer, or getting ready for Back to School next week, I'm available to catch up whenever you need me. Call or text!
What happened in Montecito Last Week?
August 7th - August 13th
Love Local Art? Mark your calendars for the following: an art reception at THE WELL in Summerland on August 27th; an upcoming online auction hosted by our friends at SB SOS scheduled for September 11th