Spring Brings More Sales to Montecito

Home sales in Montecito continue to rise with May sales and prices showing strong and consistent gains and increases compared to May 2019.  There are currently 31 properties in escrow in Montecito in all price ranges with more rumored to be coming.  The median sale price in May 2019 was $2.8M and is up to $3.2M this year.  This is Montecito’s moment and buyers are not waiting to make their move. QUICK SALES Less than a week on the market! A romantic French country estate located in Montecito's coveted Hedgerow, 1525 Mimosa Lane went into escrow almost immediately after hitting the market last week with a listing price of $4,950,000. It was previously listed for rent in 2019, but it seems the superior location, spacious floorplan, and jaw-dropping architecture made this home a buyer's dream. Exquisitely crafted, another perfect example of the fast-moving Montecito market is 529 Santa Rosa Lane. A tranquil backdrop for modern living, this single level traditional style home offers exactly what buyers are looking for, going into escrow before hitting the market with a listing price of $5,295,000! Read the full article about our current real estate conditions in this week’s edition of the Montecito Journal, starting on page 12.

Spring Brings More Sales to Montecito