Weekly Market Snapshot
Last week was slightly slower than our new norm in Montecito with fewer homes sold and fewer homes going into escrow. A big sale on Channel Drive closed last week for $31,250,000, which has been on and off the market since 2003. Large Montecito estates are getting scooped up, 3 properties over $10M went into escrow last week; however there is still a variety of price points available in Montecito - approximately 59 homes are currently for sale ranging from $1.8M to an astounding $62M.
What happened in Montecito Last Week?
March 21st - March 27th
Closed sales were down 35% week!
797 Ashley Road was reduced from $6,695,000 to $6,390,000.
FUN FACT: There were three new rentals that came on the market in Montecito this week.
1101 Alston Road
Newly Listed at $5,995,000
The magic of Montecito lives here! Awaken your senses and bask in the rejuvenating power of endless sunshine, ocean breezes and lush gardens at this enchanting, 4 bedroom coastal hideaway. Discreetly sited behind gates and sitting atop approximately one acre, this inspired California cottage offers a new lease on life with crisp lines, stylish interiors and playful touches throughout the residence and gardens.
Overflowing with character and convenience, this pristine haven is moments to the lower village, beach and more.
