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Weekly Market Snapshot

The last week of March had three closed sales, four pending sales and four new listings in Montecito, but that is not the whole story...


There were a total of 27 closed sales in Montecito throughout the month of March. The highest priced sale in the MLS was 851 Buena Vista Drive at $25M. However, you will see in one of our latest blogs (check it out here), that many notable private sales have taken place over the last few weeks. This includes the largest sale in Santa Barbara County so far this year, 700 Picacho Lane, which sold for a whopping $52M. The owners of this immaculate estate never moved in and received an offer that they could not refuse! We are now heading into a historically busier time of year for real estate, stay tuned to see what happens!


What happened in Montecito Last Week?

March 27th - April 2nd


3 HOMES SOLD


4 LISTINGS WENT INTO ESCROW


4 NEW LISTINGS


1 PRICE CHANGE


FUN FACT: March 2022 had approximately 11 sales under $5M compared to March 2021 which had 26 sales.
 

1790 Glen Oaks Drive | Offered at $1,695,000


The promise of a dream fulfilled awaits! Unleash your imagination and let the land be your guide and inspiration for something extraordinary. Every angle of this 1+ acre parcel explodes with expansive mountain views. Lined with mature oak trees and a creekside setting, the land is a peaceful canvas primed for your dream to unfold. This private yet easy to access property has an active water meter, utilities at the street and a stone-wall entry.



That sums it up for last week!

Click here to view more of our current featured listings.

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