Montecito Real Estate Market Snapshot
Homeowners in Montecito and Santa Barbara continue to watch their home values increase despite all the talk of a market in transition. This last week reflected a housing market charting a path toward long-term sustainability and a more familiar market-pace with less volatility and more predictability. “Home sales are still projected to hit a near record-high pace in 2022 despite trailing 2021 levels.” said Patrick Dodd, president and CEO at CoreLogic.
Montecito saw 5 new listings and 7 price changes —leading to a new escrow on one of the properties and multiple offers on another!
What happened in Montecito Last Week?
June 12th - June 18th
FUN FACT: The price change at 29 Seaview Drive reflects a price increase vs. a price reduction. The most recent sale in Bonnymede was a pocket listing, recently remodeled, slight ocean view and closed at nearly $2,200 per square foot.
3923 Laguna Blanca Drive | Hope Ranch