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Weekly Market Snapshot

Updated: Mar 7

February has gone out with a bang! Last week new escrows were more than double the week prior and new listings were up 57% - demonstrating the strength of our current Montecito market. In February 2020 there were 16 closed sales in Montecito, this year that number is up nearly 44% with 23 sales. The luxury market (above $5M) is really what stole the show in February 2021 with a total of 7 sales, in contrast there were 3 sales below $2M. In 2020 there were only 2 sales above $5M and there were 5 sales below $2M. What will March have in store? Check back here next week.


What happened in Montecito Last Week?

February 21st - February 27th


5 HOMES SOLD


Pending sales were up 87% this week!


15 LISTINGS WENT INTO ESCROW


New listings are up 57% this week!


11 NEW LISTINGS!


1 PRICE CHANGE

3 Seaview Drive was reduced fro $5.5M to $4.95M


FUN FACT: In February 2020 there were only 2 closed sales above $5M. This year there have been 7 closed sales above $5M!

3981 Roblar Avenue, Santa Ynez

Relax and rejuvenate at Rancho Cielo. Majestically positioned at the end of a private, tree lined drive with an awe-inspiring backdrop of the Santa Ynez Mountains – this 5 bedroom/ 6.5 bathroom estate opens the door to a life of serene luxury. Situated in the Santa Ynez valley on 20 acres, Rancho Cielo lives like a five-star resort offering a pool, spa, tennis court, built in BBQ and entertaining spaces overlooking expansive lawns and gardens. Intimate yet spacious, the residence is light and bright with towering ceilings and breathtaking mountain views, it is ideal for daily living or entertaining alike.



That sums it up for last week!

Click here to view more of our current featured listings.

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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.