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Q3 - Montecito Market Newsletter

Updated: Oct 23


With the stampede fully underway, the question we are all asking is “when will it end?” This is quite a moment for Montecito real estate and it’s exhilarating and unprecedented but also understandable given the outstanding lifestyle of Santa Barbara. Many of the newcomers purchasing homes and estates along the Central Coast are not really new to the area — well over half or more of our sales are to locals and people with a strong connection to Santa Barbara who are making the move now instead of “someday.” Welcome home!


Q3 2020 - Montecito Sales





There was a staggering 141 sales in the third quarter of 2020.


Q3 2020 sales are 143% higher than the Q3 2019 which only had 58 sales. There were only 3 sales above $10M in 2019 with the highest sale being 3443 Padaro Ln ($23,000,000). This year there were 8 sales above $10M and the highest sale was 700 Picacho Ln, which sold off market for $44,500,000!


History was made this quarter in Montecito. Let's see how the year ends!


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Weekly Market Snapshot
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Spotlight Architect - Jeff Shelton
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Q3 - Montecito Market Newsletter
Q3 - Montecito Market Newsletter
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Nancy Kogevinas

Luxury Collection Director

805.450.6233

Nancy@Kogevinas.com

DRE: 01209514

Berkshire Hathaway

HomeServices California Properties

1255 Coast Village Road 102C

Montecito, CA 93108

DRE: 01317331

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©2020 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.