Montecito Real Estate Market Snapshot
Updated: Sep 29, 2022
There are currently only 41 active listings in Montecito, I am sure an all-time low! Last week saw 2 New Listings, both single level, Mediterranean and under $3M in the community of Coronado Circle, a Planned Community of 34 homes at the base of Eucalyptus Hill, perfectly-positioned between Montecito and Santa Barbara.
Montecito saw 4 Pended Sales, most notably was 560 Toro Canyon Park Road, a breathtaking 10,000 sqft+ estate with sprawling ocean and mountain views which spent 124 days on the market and saw a $1.6M price reduction before going into escrow. All others pended are under $6M, one being the ¾ acre vacant lot at 319 Hot Springs Road, for $1,995,000 after 97 days on market.
Of the 3 Closed Sales in Montecito last week, 990 Hot Springs Road was the one sparking buzz, closing off-market for $14,750,000.
Looking for more market specifics? Don’t hesitate to call or text!
What happened in Montecito Last Week?
September 4th - September 10h
As we recognized the 21st anniversary of the tragic 9/11 event yesterday, our thoughts and prayers remain with the families of those lost and our eternal gratitude goes out to the first responders and service people who answered the call to duty that day, and every day since. #neverforget