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Montecito Real Estate Market Snapshot

"There are lots of resources each of us can pull from our safes to share with others. And something greater rises up every time we give.”

—Mackenzie Scott


Although the New Year is still filled with uncertainty and questions, there is also the promise of tomorrow, where resources abound and good, smart, well-meaning people everywhere will go all in for the greater good and positive change will happen.


Happy New Year!

 

Our last week of 2022 closed out an exceptionally slow 4th quarter with just 1 Closed Sale, in Montecito.

1010 Cima Linda – Incredible ocean views span the horizon from this newly renovated, single level, mid-century modern home, which closed last week for $9,750,000; 13% below the originally listed price of $11,250,000, but nearly $7M more than its last purchase price of $2,850,000 in 2013.


THERE ARE 22 ACTIVE LISTINGS IN MONTECITO, but fasten your seat belts, I am expecting a lot of listings to come on in January! Below are quick links to luxury listings (+$2M), around town:


MONTECITO MARKET SUMMARY


 

That sums it up for last week!

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