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Weekly Market Snapshot

It was a very busy week for closed sales in Montecito - last week 19 homes sold including one of the largest sales we have seen in the MLS this year, 2845 Sycamore Canyon Road which sold for $32, 250,000! However, the sweet spot seemed to be $2M-$4M which accounted for eight of the 19 sales (42%). Listings must be priced competitive in order to sell, which could be the reason we saw five price changes last week compared to zero the week before. There are currently 31 pending sales in Montecito, which means the market will most likely stay steady into the new year.


What happened in Montecito Last Week?

November 29th - December 5th


19 HOMES SOLD


3 LISTINGS WENT INTO ESCROW


4 NEW LISTINGS!


5 PRICE CHANGES


FUN FACT: In 2019 there were approximately 227 homes sold in Montecito. 2020 has surpassed 2019 by a long shot, with over 358 homes sold already.

785 Toro Canyon Road

Listed at $1,750,000

Located in the Montecito foothills, this 2-acre estate parcel enjoys panoramic ocean and mountain views and provides a secluded, peaceful canvas for designing your special retreat. Entering through private gates, along your private drive lined with mature olive and flora native to the central coast you will experience the serenity and tranquility of Toro Canyon.



That sums it up for last week!

Click here to view more of our current featured listings.

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