top of page
1147 Hill Rd_0030.jpg

BLOG

Montecito Real Estate Market Snapshot

Updated: Sep 29, 2022

Location location location. Amidst a typical Summer slow-down and holiday-week chalk full of distractions, last week’s closing sales proved Location in Montecito still reigns King.

  • 1371 Plaza Pacifica, an ocean front, first floor, 2-bedroom condo in Bonnymede in need of updating, sold for $4,000,000 after receiving multiple offers -- which now ranks as second highest price per square foot sale in Bonnymede at $2,389 per square foot!

  • 1530 Lingate Lane, located in the heart of the Hedgerows, closed off market for $8,408,530 adding to the tally of innumerable Hedgerow properties selling off market when packed with charm and authenticity.

Closing out the week were 2 notable Price Reductions; a 10% price drop at 544 Santa Rosa Lane, and a 14% price drop at 798 Chelham, the latter resulting in an opened escrow. And after only 11 days on market, a 1.58 acre single-level ranch in El Cielito Estates went into escrow. When Montecito Pended Sales last week averaged 42 days on market, this served as a good reminder = special properties, priced right, are still moving fast.


What happened in Montecito Last Week?

July 3rd - July 9th



FUN FACT: 502 Picacho Lane re-listed last week at $7,750,000 since withdrawing mid-June after seeing 36 days on the market and a 3% price cut still had not produce an offer.
 

3923 Laguna Blanca Drive | Hope Ranch


That sums it up for last week!

Screen Shot 2020-04-22 at 9.19.53 AM.png
How's the Market?
How's the Market?
Feb 19, 2024
How's the Market?
How's the Market?
Feb 12, 2024
Santa Barbara Daydreams Start Here
Santa Barbara Daydreams Start Here
Feb 8, 2024
How's the Market?
How's the Market?
Feb 5, 2024
A View From the Top
A View From the Top
Feb 1, 2024
Buyer Beat - Your Montecito and Santa Barbara Real Estate Resource
Buyer Beat - Your Montecito and Santa Barbara Real Estate Resource
Jan 24, 2024
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • Pinterest
  • YouTube
Follow
Archive
Recent Posts
Featured Post
Categories
bottom of page