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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


6 HOMES SOLD


5 LISTINGS WENT INTO ESCROW


New listings were slight up last week.


7 NEW LISTINGS!


1 PRICE CHANGE


FUN FACT: There have been approximately 22 sales in Montecito so far this month.


240 Por La Mar Circle

Newly Listed at $995,000

Make the move now! Enjoy premier living at the El Escorial Villas at East Beach where every day feels like summer. This Biltmore Plan corner unit is one of the best in the development. Overlooking the pool and flooded with natural sunlight, peaceful gardens and mountain views, this easy living floor plan and unrivaled location make every day feel like a vacation. Only moments to East Beach, Montecito’s lower village, the Funk Zone, Santa Barbara’s wharf and more, at El Escorial you can relax in complete privacy, lounge by the community pool and spa, play tennis, enjoy a workout at the fitness center or take a stroll at the beach.


That sums it up for last week!

Click here to view more of our current featured listings.

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