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Q4 - Montecito Market Newsletter


A 4th quarter like no other! We have been saying for years, decades in fact, that Montecito is the absolute best place in the world to live. The natural beauty of the mountains and coast, the people - high achievers with a low key, generous spirit, and of course the weather, year round mild, sunny and breezy. The real estate market ended the year with a record breaking number of sales and price increases across the board as buyers of all ages made the move and decided it was time to call Montecito home.


Q4 2020 - Montecito Sales




There was a staggering 142 sales in the fourth quarter of 2020.


Q4 2020 sales are 125% higher than the Q4 2019 which only had 63 sales. There were only 2 sales above $10M in 2019 with the highest sale being 1491 Edgecliff Lane ($17,888,000). This year there were 13 sales above $10M and the highest sale was 2500 East Valley Road, which sold for $63,250,000.


We expected a strong end to 2020 and this quarter did not disappoint.


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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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©2021 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.