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Weekly Market Snapshot

Last week four homes sold in Montecito, three of which were under $5M. There was a total of 18 sales in Montecito in November, the highest sale being 1475 E Mountain Drive, which sold for $19.6M. The least expensive home that sold last month was 345 Sierra Vista Road, a 2 bedroom/ 2 bathroom home closing for $1.835M. Last year, November had more than double this year's sales with 44 homes sold. Five price changes occurred last week, suggesting price sensitivity is starting to make its way back to the market.


What happened in Montecito Last Week?

November 28th - December 4th









FUN FACT: There were a total of 18 sales in Montecito in November.

 

2150 Ortega Ranch Lane

Offered at $16,850,000




That sums it up for last week!

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