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.