Weekly Market Snapshot
The second week of January saw a big uptick in showing activity with buyers back in the market looking for properties with not a lot to chose from. So far this year there have been 11 closed sales in Montecito, which is exactly where sales were at this point last year. New listings are coming on slowly and we are hearing of several off-market sales as buyer's agents who are “in the know” jump the cue and make offers before these properties hit the market. Multiple offers are becoming the norm for good homes and even with all the demand, properties that have been sitting are getting showings but those offers are coming in low. A tale of two markets! What happened in Montecito Last Week? January 10th - January 16th 5 HOMES SOLD 4 LISTINGS WENT INTO ESCROW 9 NEW LISTINGS! Two big price changes this week! 2 PRICE CHANGES FUN FACT: There are currently 20 pending sales in Montecito. 849 Ashley Road Newly Listed at $4,995,000 Embrace serenity at this private 1-acre compound in Montecito. Designed as a mini estate, the Spanish Colonial Hacienda is a beautifully-crafted 4 bed/4 bath residence that effortlessly creates the backdrop for living a relaxed and vibrant lifestyle. That sums it up for last week! Click here to view more of our current featured listings.