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Weekly Market Snapshot

Two words describe last week's real estate activity in Montecito...OFF MARKET! Of the 11 closed sales last week 7 of them were sold without ever going on the market. The lowest of those sales being a charming 2 bedroom cottage closing for $1,850,000 and the highest being a 5 bedroom beachside home closing for $7,685,000. The Montecito market is finishing the third quarter of the year quite strong!


What happened in Montecito Last Week?

September 19th - September 25th


Closed sales DOUBLED last week.


11 HOMES SOLD


Pending sales were similar last week.


5 LISTINGS WENT INTO ESCROW


New Listings were down last week.


3 NEW LISTINGS!


2 PRICE CHANGES



FUN FACT: September 2020 was much busier than this year; at this point in the month last year there were approximately 46 sales in Montecito. This year there have only been 22 sales thus far in September.



796 Hot Springs Road

Offered at $11,250,000

Experience bold style in this dramatic yet refined architectural Montecito property. Privacy is yours in this secluded gated acre on a quiet lane within Montecito’s sought after “Golden Quadrangle.” Filled with untamed artfulness and flair, this single level home is exquisitely designed and extensively upgraded with luxurious amenities and enjoys breathtaking garden vistas and ocean views.


That sums it up for last week!

Click here to view more of our current featured listings.

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