Weekly Market Snapshot
Closed sales and new listings were down last week, but that does not mean the week was less than thrilling. Three of the closed sales sold off market, one of which was $45M! Another big sale, though not off market, 700 Park Lane sold for $22.7M. Following the pattern of 2020, extravagant estates are IN vogue this year.
What happened in Montecito Last Week?
February 7th - March 13th
New listings are down by nearly 50% this week.
FUN FACT: Midway through March we have had a total of 21 sales in Montecito; at this point in 2020 there were only 11 sales.
595 Freehaven Drive
Newly Listed at $3,950,000
Behold the majesty of soaring high ceilings and spectacular panoramic mountain views when you step inside this contemporary residence with expansive outdoor entertaining areas and ample square footage including several “flex rooms” for a variety of live/work options and separate-entry guest quarters. Prominently sited on over 3 acres in Montecito’s coveted east end, the home invites breathtaking mountain views, peaceful breezes and quiet seclusion with “wow” moments around every corner as you soak in the majesty of the location.