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
Pending sales are slightly down this week.
New listings are up again this week!
777 Lilac Drive was reduced to $4.85M and went into escrow shortly after.
FUN FACT: There are currently 35 rentals available in Montecito.
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!