1147 Hill Rd_0030.jpg

BLOG

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!


9 HOMES SOLD


6 LISTINGS WENT INTO ESCROW


8 NEW LISTINGS!


1 PRICE CHANGE


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.



That sums it up for last week!

Click here to view more of our current featured listings.

Screen Shot 2020-04-22 at 9.19.53 AM.png
Your Own Private Coastal Resort
Oct 20, 2021