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Weekly Market Snapshot

Spring forward! Longer days are here and although new listings remain scarce, we were buzzing with activity last week. In Montecito, seven homes sold and seven went into escrow capping off a busy week. Breaking it down, the highest number of sales have been in the $2-$4M price range followed closely by $4-$6M (see chart below). However, luxury sales, $10M+ are up 17% from 2021 year to date with seven sales so far this year. Several $10M+ luxury listings went into escrow last week, provi



What happened in Montecito Last Week?

March 6th - March 12th






FUN FACT: There are approximately 29 active listings in Montecito.
 

491 Pimiento Lane | Offered at 8,500,000

The ultimate 'reveal'-a magnificent motor court is just the beginning! Step through the vintage wooden entry doors into a romantic hacienda where arcaded silhouettes, a rich and modern palette, and natural materials co-exist among a stunning courtyard of fountains, paths and gardens enveloping you in a private open air living room.




That sums it up for last week!

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