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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.

 


796 Hot Springs Road

Newly Listed 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. The floor plan unfolds effortlessly with simplicity and functionality.


That sums it up for last week!

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