Weekly Market Snapshot
Updated: a day ago
It's not slowing down yet...
Last May there were only a total of 20 sales in Montecito - fast forward to 2021 and May had approximately 50 sales! Of the sales so far this month, nearly half (24 sales) have been for full price or OVER asking price. Being in the know is still paying off - as three of the sales last week took place off market. Despite the positive Montecito sales, there were only three new listings last week, which is causing a bottle neck in supply where the demand remains high.
What happened in Montecito Last Week?
May 23rd - May 29th
Pending sales were the same last week.
New listings were down by 70% last week.
FUN FACT: There are approximately 37 active listings in Montecito currently.
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.