Weekly Market Snapshot
Closed sales, pending sales and new listings were DOWN last week, unlike the week prior. An interesting home went into escrow last 1556 Miramar Beach. This property has been on the market since October 2019 with an original list price of $8.4M. After 477 cumulative days on market, it has finally gone into escrow with a current list price of $7.95M. The tale of two markets continues in Montecito; homes that have barley hit the market are flying off and then homes that have been sitting for quite a while are finally getting some attention at the right price.
What happened in Montecito Last Week?
February 14th - February 20th
There was a 70% decrease in closed sales last week.
Pending sales were down slightly...
FUN FACT: Looking to snap up a home that fell out of escrow, 3 homes came back on the market last week.
Located in the idyllic Montecito foothills, 785 Toro Canyon Road and 805 Toro Canyon Road offer a unique opportunity to build on one (or both!) of these serene, ocean view lots. Isn't it time to make your dream home come true?