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Weekly Market Snapshot

At this point in July last year Montecito had 26 closed sales, with the highest being 1565 East Valley Road at $6,270,000. This year July 2021 sales have been slashed to 11, however we have seen significantly more luxury sales. The four highest sales so far this month total approximately $51.5M; to match that $51.5M mark in July 2020 it took the 14 highest sales.


What happened in Montecito Last Week?

July 11th - July 17th


6 HOMES SOLD


Pending sales doubled last week.


7 LISTINGS WENT INTO ESCROW


New listings are slightly up again.


7 NEW LISTINGS!


1 PRICE CHANGE

916 Aleeda Lane had a slight price drop from $2,990,000 to $2,950,000.


FUN FACT: The highest sale so far this month has been 945 Lilac Drive, which sold for $17,082,282. It was listed for over a year for $16,995,000 and didn’t sell, coming off the market for a few months and then re-listing in May at a higher price and selling within 30 days.

2815 East Valley Road

Newly Listed at $4,425,000