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Weekly Market Snapshot

For the first half of November the Montecito market remained strong. There seem to be buyers for every price point, however last week the $2M-$5M was the sweet spot, with six of the eight sales falling within that range. Buyer price sensitivity is still prevalent; we saw 5 significant price changes this week that will hopefully encourage action on these properties. Overall, November 2020 is far busier than 2019 and though we are inching closer to the holidays, real estate is full steam ahead, unlike years past. For more detail or the back story on these and other Montecito sales, don’t hesitate to get in touch.


What happened in Montecito Last Week?

November 8th - November 14th


8 HOMES SOLD


8 LISTINGS WENT INTO ESCROW


5 NEW LISTINGS!


Curious about which houses dropped in price last week?

Take a look below.


5 PRICE CHANGES


FUN FACT: Believe it or not, we are already half way through November! In 2019 a total of 7 homes closed in the first half of November. This year has more than TRIPLED that number with 22 sales so far this month.

1491 Bonnymede Drive

Newly Listed at $5,495,000

Just a stone's throw from the beach and a short distance from the Rosewood Miramar resort and vibrant shopping and restaurants in the lower village, the home offers style, luxury, and convenience. A private elevator transports you to the upper level where there is an expansive master suite w/a private ocean-view balcony.Sea Meadow offers the ultimate ''lock and leave'' lifestyle giving residents exclusive use of a private clubhouse, tennis court, pool, spa & more. Luxury awaits!



That sums it up for last week!

Click here to view more of our current featured listings.

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Nancy Kogevinas

Luxury Collection Director

805.450.6233

Nancy@Kogevinas.com

DRE: 01209514

Berkshire Hathaway

HomeServices California Properties

1255 Coast Village Road 102C

Montecito, CA 93108

DRE: 01317331

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©2020 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.