Nancy's Notes
![](https://static.wixstatic.com/media/093681_c3d0f46edfe546cd97fb5ebe5fe10d13~mv2.png/v1/fill/w_49,h_18,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/093681_c3d0f46edfe546cd97fb5ebe5fe10d13~mv2.png)
“More is lost by indecision than wrong decision.” - Marcus T. Cicero
Don’t be fooled by days on market getting longer for some listings - buyers might be taking their time, but deals are happening and the fall looks like it will be another strong quarter for sales.
Montecito had a total of 14 sales in August 2023, with an average sales price of $5,003,107. More than half of the sales last month were all cash sales (8 sales) and 3 sales were Off Market. August sales are slightly down compared to 2022, which had 16 sales and an average sales price of $7,495,004, however, compared to the average sales price prior to Covid (2019), current average prices are significantly higher.
A few sales that caught our eye were:
![](https://static.wixstatic.com/media/093681_ab8b0100c6fe46388ce69a7ac89ce718~mv2.png/v1/fill/w_49,h_76,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/093681_ab8b0100c6fe46388ce69a7ac89ce718~mv2.png)
![](https://static.wixstatic.com/media/093681_6d319a0d33524128bce13dadcd4ec87b~mv2.png/v1/fill/w_68,h_17,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/093681_6d319a0d33524128bce13dadcd4ec87b~mv2.png)
![](https://static.wixstatic.com/media/093681_5a58ee5602d1491eb2066b5b02b51eb9~mv2.png/v1/fill/w_49,h_8,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/093681_5a58ee5602d1491eb2066b5b02b51eb9~mv2.png)