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
Pending sales were up 87% this week!
New listings are up 57% this week!
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!
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