Weekly Market Snapshot
Last week there were 2x more homes sold than new listings or pending sales. The largest sale of 2020 closed last week - 2500 E Valley Road sold for $63,250,000. WOW! There is still a steady stream of buyers so now is a great time to sell and we are starting to hear from sellers who are ready to make a move - so look for more new listings in the coming weeks.
What happened in Montecito Last Week?
October 18th - October 24th
FUN FACT: For the entire year of 2019 there were about 227 sales in Montecito. So far 2020 sales are blowing 2019 sales out of the water - there have already been about 288 sales in Montecito with over 2 months left in the year.
Offered at $9,950,000
Inspiring ocean & mountains views envelop you with a powerful energy. A timeless Montecito classic, this thoughtfully crafted estate, designed by acclaimed architect, Marc Appleton, was virtually painted onto a surreal sky-mountain-ocean landscape with white stucco walls, stone facade, cobblestone driveway & intimate guest house all colorfully framed by a lush 6+ acre landscape of mature oaks, native plants & a sparkling pool & spa.