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Montecito Real Estate Market Snapshot

Last week in Montecito activity heated up, with 3 New Listings, 4 Pending Sales and 6 Closed Sales.

  • The New Vacant Lot Listing in Montecito Oaks at 196 Santa Elena, a property impacted by the 2018 debris flow, went into escrow after just 2 days on market after receiving multiple offers.

  • 544 Santa Rosa Lane is meeting Buyers for a second time in Escrow, whereas the beautifully remodeled 3-bedroom on 325 San Ysidro Road is in Escrow after just 13 days on market at $7,595,000.

  • Of the 6 Closed Sales last week, 3 of the closings were over $7M, with the quiet-Mediterranean-charmer on 262 Santa Rosa Lane closing in just 9 days, $185K over asking, at $8,180,790.

  • 2 Active Listings collecting days on market reduced their prices last week; 465 Hot Springs by $1.6M and 1930 Jelinda Drive by $621,000.


Happy Back-to-School Week, and enjoy these Last-of-Summer vacation days, I'm available to catch up whenever you need me. Call or text!


What happened in Montecito Last Week?

August 14th - August 20th


3 NEW LISTINGS

4 LISTING WENT INTO ESCROW

6 CLOSED SALES

3 PRICE REDUCTIONS


Get to the Farmer’s Market this Week for the last of Summer's Peach-Haul - O’Henry Peaches are the late season favorite! Recipe for Peach Crumble from the SB NewsPress
 

That sums it up for last week!

Click here to view more of our current featured listings.

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