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Weekly Market Snapshot

Pending and closed sales, as well as new listings were all down last week. One of the most noticeable changes being the price point of the pending and closed sales, which was much lower than what we have been seeing recently. One off market sale took place, 1479 Bonnymede Drive - after being newly renovated it sold for $2M more than when it last closed in May 2019.


What happened in Montecito Last Week?

August 15th - August 21st


7 HOMES SOLD


Pending sales are down significantly this week.


3 LISTINGS WENT INTO ESCROW


5 NEW LISTINGS!


1 PRICE CHANGE

2900 Sycamore Canyon Road was reduced from $6,250,000 to $5,950,000.



FUN FACT: A new listing in Carpinteria is making waves - listed at $160M this 10 bedroom/ 21 bathroom coastal estate is one of the most expensive on the South Coast.

848 Hot Springs Road

Offered at $24,850,000

High style and luxury living, this singular estate is unmatched for vision, flair and architectural detail. Villa Tragara was conceived with passion and executed with precision. An effortless blend of global architectural distinctions, commanding an idyllic 2.45 acres in a location best described as Montecito’s 50 yard line, this estate is the definition of one-of-a-kind excellence.