Weekly Market Snapshot
Updated: May 2, 2021
Closed listings are up, pending sales are down and new listings remained consistent last week in Montecito. Competition remains stiff as buyers continue to compete against multiple offers, often over asking price. 771 Garden Lane was the highest sale last week selling for $19.1M, while 1705 E Valley Road was the lowest sale at $2.1M. Last week 5 of the 11 closed sales sold for full price or above. The moral of the story, buyers of all different price points are buying in Montecito and having to put their best offer forward.
What happened in Montecito Last Week?
April 18th - April 24th
FUN FACT: Two properties came back on the market last week. Check them out here!
Newly Listed at $5,795,000
Renowned architect Jack Warner designed this contemporary Birnam Wood residence in his signature style with a seamless flow throughout. This single level home is filled with light from vast expanses of glass windows and doors, inviting movement from the interiors to the gardens and showcasing mountain views. A recent renovation by Dreams & Designs added the latest luxury finishes and enhanced the large, open floor plan. Located just a short distance to the clubhouse and far away from creeks, the property offers an ideal lock and leave lifestyle for full or part time living.