Montecito Real Estate Market Snapshot
Something happened last week and there was a noticeable shift in activity. Buyers were out in force and showings picked up by 200% with market activity across the board seeing a boost!
Last week in Montecito saw 3 NEW LISTINGS, 6 PENDED SALES and 3 CLOSED SALES (one of which was a Pocket Land Sale at 830 Rockbridge that actually sold a few weeks ago, but just recorded for $4,000,000.)
Most notably were the 6 Pended Sales:
2 properties opened escrow after spending +124 days on Market,
2 properties opened escrow after spending +63-65 days on Market,
And 2 properties opened escrow after spending only 20 days on Market.
Three NEW listings came to market this week:
1231 E Valley Road asking $2.9M, is among the least expensive single-family homes actively listed in Montecito at 4 bedrooms and 4.5 bathrooms on a small ¼ acre in the Cold Springs School District
900 Toro Canyon sits on 4+ acres with ocean views and a magnificent newly completed Guest House,
920 Camino Viejo is a dramatic contemporary and has been re-listed (for the 3rd time) after it was last on the market in October at $5,695,000.
Inventory grew last week (!) even though only slightly to 39 ACTIVE LISTINGS in Montecito, and look no further for quick links to view other luxury listings (+$2M) across the coastline:
We can’t wait to see you at Ghost Village Road this afternoon at 3pm! Be sure to swing by our office, we’d love to say Hi to you and your spooky lil' goblins.