Weekly Market Snapshot
Yes, it's true that traditionally the holidays are a slower time of year for real estate, but with historically low interest rates available and appreciation still on the rise, now is a great time to buy or sell a home. Last week in Montecito 4 homes sold - 513 Crocker Sperry Drive being a highlight. This property was listed several times over the last year-and-a-half, but unsuccessful in selling. Less than a week after being staged, this property sold for 100% of its asking price ($5,795,000). Take a sneak peak of this Montecito residence below.
What happened in Montecito Last Week?
October 31st - November 6th
Pending sales were up last week.
New listings were still very low last week.
FUN FACT: Currently there are a total of 23 pending sales in Montecito.