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Montecito Real Estate Market Snapshot

Updated: Sep 29, 2022

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


That sums it up for last week!

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