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Weekly Market Snapshot

Looking back, July of last year began a pivotal shift in Montecito real estate, with an influx of buyers there was a staggering 52 closed sales. July 2021, though still busy, highlighted the anomaly that was 2020 - sales dropped by more than 50%, as there were only 24 closed sales in July of this year. However, when comparing luxury sales - last July had only 11 sales over $5M, while July 2021 saw 13 sales over $5M, with the highest being just over $17M. We have felt the momentum shift, emphasizing the importance and need for not only new listings, but new listings that are priced accurately.


What happened in Montecito Last Week?

July 25th - July 31st


4 HOMES SOLD


Pending sales were down for the first time in two weeks.

6 LISTINGS WENT INTO ESCROW


New listings were up 50% last week


7 NEW LISTINGS!


3 PRICE CHANGES



FUN FACT: Currently the most expensive property for sale in Montecito is 670 Hot Springs Road, listed at a staggering $74M.

1313 Danielson Road

Newly Listed at $2,865,000

The beach is calling... stroll to the sand, grab lunch at the Rosewood Miramar or pick up a new outfit at one of many boutiques on Coast Village Road, all only moments from home. Perhaps the best located of all the Montecito coastal townhomes, this Montecito Del Mar residence is perfectly located on the far end, providing privacy and peace from visual/noise distractions, and welcome space from neighbors. Living like a single-family residence while enjoying lock-and-leave convenience, the home enjoys a quaint easy-care yard area with wrap around patios and cheerful gardens, attached 2-car garage and 2 fireplaces. Many upgrades are in place to allow for an immediate move-in. Make everyday a vacation and indulge in the surrounding lifestyle in this rare, enviable Montecito coastal townhome.


That sums it up for last week!

Click here to view more of our current featured listings.

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