Montecito Real Estate Market Snapshot
Updated: Sep 29, 2022
Heading into the holiday weekend we saw 8 New Listings — the most we have seen in a while! And although the summer season and long weekend has reduced the number of showings, we are hearing that several new listings are already getting offers. Last week had 5 Closed Sales plus 5 Pacaso fractional sales, which have been controversial to say the least! And 2 of the sales, one a beach side condo and one a Sea Meadow attached home, both sold well over $2,000sf - underscoring the continued demand for this Montecito location and lifestyle! Although there were only 3 pending sales, two sold with multiple offers and over asking and the third is an $18.5M listing. There are approximately 24 active listing in Montecito as of today, which include a timeless and luxurious Montecito estate, a beachy townhouse just steps to Butterfly Beach and many other great finds.
What happened in Montecito Last Week?
June 26th - July 2nd
I'm home for the 🇺🇸 4th after a USA Coast to Coast Road Trip with my daughter Mary — hikes, bikes, lakes, barns, rain, mud, sun, horses, diners & dives to deluxe, and so many memories made with friends & family! Hope you are out enjoying the day.