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Weekly Market Snapshot

Updated: Mar 19

March is off to a strong start! Last week was a big week for closings - over 15 homes sold, 6 of which were over $5M and 3 off market sales. New listings are not lagging in Montecito. There were 13 new listings that came on last week at every price point from $27.9M down to $2.7M. Fast pace is still the name of the game in Montecito.


What happened in Montecito Last Week?

February 28th - March 6th


15 HOMES SOLD


Pending sales are slightly down this week.

9 LISTINGS WENT INTO ESCROW


New listings are up again this week!


13 NEW LISTINGS!

1 PRICE CHANGE

777 Lilac Drive was reduced to $4.85M and went into escrow shortly after.


FUN FACT: There are currently 35 rentals available in Montecito.


1121 Cima Linda Lane

Offered at $3,295,000

Built in 2006, the well-appointed 4 bedroom/ 3.5 bathroom home was thoughtfully crafted to make everyday life feel extraordinary. As you step through the entrance, every room draws you outside to one of the multiple sun-drenched decks. The well-designed floor-plan creates an easy flow from room to room while still maintaining privacy. A timeless Santa Barbara villa awaits!



That sums it up for last week!

Click here to view more of our current featured listings.

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