Weekly Market Snapshot
Last week was all about quick sales! Three of the eleven sales were on the market for less than 10 days before being scooped up, not only that but two of the eleven sales never even had a chance to hit the open market. The $2-$3M homes seem to be flying off the market and we continue to have less inventory than buyers. The coming weeks will have even more impressive sales as the properties in escrow are climbing so stay tuned.
What happened in Montecito Last Week?
September 20th - September 26th
The number of new listings squeaked ahead of closed sales and tied with pending sales last week, take a look!
FUN FACT: The highest sale in Montecito thus far this month is 1210 Channel Drive, which sold for $17,450,000.
Live the life! Single-level with glorious mountain views, this fully renovated retreat checks all the boxes. Located in a peaceful Montecito neighborhood and thoughtfully designed with entertainment in mind, the home flows effortlessly to the exterior decks, pool and lawns.
It was another busy week in Montecito and as we move into a new month we expect the real estate hustle and bustle to continue.