Weekly Market Snapshot
Updated: Jul 5
Steady was the name of the game last week in Montecito. Closed sales were down by 50%, but new listings and pending sales were pretty consistent compared to the week prior. There have been some interesting off-market sales recently, 700 Park Lane sold in March for $22.7M and sold again this month for $28.5M. Although closed sales were down last week, there is still plenty of demand out there, just seems to not be enough houses to go around and that’s reflected in this recent jaw dropping sale (which apparently is being torn down)!
What happened in Montecito Last Week?
June 14th - June 20th
New listings were slight up last week.
FUN FACT: There have been approximately 22 sales in Montecito so far this month.
Newly Listed at $995,000
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