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Montecito Real Estate Market Snapshot

Last week was busy with 7 New Listings in Montecito, and 4 over $7,500,000. Most memorable was a new build on Oak Road just moments from the Lower Village by Hardt Homes; a beautifully remodeled 3 bedroom on San Ysidro; and, a sprawling Mediterranean nestled tightly into the Hedgerows. All 4 Pended Sales were under $5.5 million, with 3 of the 4 sales in need of updating. The 1 Closed Sale of the week was a George Washington Smith on Hot Springs that closed after 106 days on market and nearly $3M under its original listed price. Only 1 Price Change last week, leveling the recent trend of price reductions, with 2 Listings returning to market.


Looking for a pied-à-terre with Ocean Views? We know of 2 new upcoming listings! Call, text or email me for details.


What happened in Montecito Last Week?

July 24th - July 30th


7 NEW LISTINGS

4 LISTING WENT INTO ESCROW

1 CLOSED SALE

1 PRICE REDUCTION

Housing market remains healthy as lenders tighten borrowing guidelines. If it’s time to revisit your pre-approvals and come up with new strategies, we would love to introduce you to incredible, trusted resources.
 

That sums it up for last week!

Click here to view more of our current featured listings.

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