Weekly Market Snapshot
Off market sales were the talk of the town last week, as 4 of the 8 sales never hit the open market. Not only were off market sales hot, but price points spanned high to low. 2080 Birnam Wood Drive was the highest sale at $14,636,745 and 1220 Coast Village Road was the lowest, a condo selling for $1M - both of which were never in the MLS.
What happened in Montecito Last Week?
August 1st - August 7th
Pending sales were down by 50% last week.
New listings remained relatively consistent last week.
FUN FACT: There are approximately 49 active listings in Montecito.
Newly Listed at $3,250,000