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Weekly Market Snapshot

Another quarter has come to an end and we are officially in the final quarter of 2021! We saw approximately 27 sales in Montecito during September, which is a dip from August's 36 sales. The highest sale last month was 788 San Ysidro Lane, which closed off market for $13,250,000. The lowest priced sale was 1150 Toro Canyon Road which sold for $1,475,000. We use to be surprised by sales that were upward of $1,000 per square foot, but exceptional properties like 788 San Ysidro Lane are blowing that price per square foot out of the water coming in at $2,486 per square foot.

If you want to know how Q3 has measured up to the rest of the year, keep an eye out for our Q3 Montecito market newsletter which will be published soon!

What happened in Montecito Last Week?

September 26th - October 2nd

Closed sales were cut in HALF last week.

Pending sales were slightly down last week.

New Listings were the same last week.

FUN FACT: Ten of the 27 sales in September took place off market.

1790 Glen Oaks Drive

Offered at $1,695,000

The promise of a dream fulfilled awaits! Unleash your imagination and let the land be your guide and inspiration for something extraordinary. Every angle of this 1+ acre parcel explodes with expansive mountain views. Lined with mature oak trees and a creekside setting, the land is a peaceful canvas primed for your dream to unfold. This private yet easy to access property has an active water meter, utilities at the street and a stone-wall entry.

That sums it up for last week!

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