Weekly Market Snapshot
Pending and closed sales were up last week in Montecito, while new listings were slashed in half. Two of the closed sales were off market and the sale with the steepest price tag was 743 San Ysidro Road ($15.8M). The tone of real estate continues to shift to a more manageable pace as inventory dwindles, however don't be mistaken there are still some great properties available.
What happened in Montecito Last Week?
July 18th - July 24th
Pending sales doubled again last week.
New listings were down 50% last week
FUN FACT: There are approximately 61 active listings in Montecito.
Offered at $11,950,000
A surprise awaits - tropical gardens, unique architecture and panoramic ocean and mountain views are just the beginning at this exquisite Balinese estate. Renowned architect, Tom Meaney, designed a residence of timeless appeal with emphasis on light, space and detail, standing today as one of Montecito’s most vibrant properties. Combining intimacy with grand scale and lavish home amenities, this 5 bedroom/ 5.5 bathroom home with spacious guest house, offers something for everyone. Each room takes on a personality of its own with colorful accents, soaring ceilings, and exquisite one-of-a-kind finishes - offering an unrivaled architectural and design journey throughout.