Weekly Market Snapshot
Q1 2021 has come to an end and, what a finish! Definitely not like Q1 2020. Last year at this time we were in unknown territory with a world-wide pandemic taking hold of our daily lives and real estate activity had come to an abrupt halt. Today, though we may not know exactly what lies ahead, we are certain Montecito had a record-breaking number of sales the first quarter of this year. In Q1 2019 there were approximately 29 sales in Montecito; Q1 2020 had approximately 48 sales; Q1 2021 blew 2019 and 2020 out of the water with approximately 98 sales! Now we are left to wonder, will the momentum continue or will the inventory continue to grow sparse. What happened in Montecito Last Week? March 28th - April 3rd Closed sales were up 55% week! 14 HOMES SOLD Pending sales are down again this week. 4 LISTINGS WENT INTO ESCROW 10 NEW LISTINGS! 1 PRICE CHANGE 1424 La Vereda Lane reduced their price from $3,795,000 to $3,450,000. FUN FACT: There were approximately 48 sales in Q1 2020. That number is up 104% this year - there were 98 sales in Q1 2021. 1121 Cima Linda Lane Newly Listed at $3,295,000 Wrap yourself in luxury and experience mesmerizing mountain and valley views from this meticulously designed Mediterranean villa. Built in 2006, the well-appointed 4 bedroom/ 3.5 bathroom home was thoughtfully crafted to make everyday life feel extraordinary. As you step through the entrance, every room draws you outside to one of the multiple sun-drenched decks. The well-designed floorplan creates an easy flow from room to room while still maintaining privacy. The living room, formal dining room and view-facing kitchen take center stage with custom finishes and impeccable craftsmanship. A timeless Santa Barbara villa awaits! That sums it up for last week! Click here to view more of our current featured listings.