Weekly Market Snapshot

Another week in Montecito real estate where neither pending or closed sales exceeded six. With 5 closed and 6 new pending sales last week, the momentum seems steady but not frantic. Of the 5 closed sales 3 of them sold for over asking price. Some special new properties came on the market, including a contemporary gem - 796 Hot Springs Road. Stay tuned to see how Q3 finishes up for Montecito real estate. What happened in Montecito Last Week? September 12th - September 18th 5 HOMES SOLD Pending sales were UP last week. 6 LISTINGS WENT INTO ESCROW New Listings were consistent last week. 5 NEW LISTINGS! 2 PRICE CHANGES FUN FACT: There are approximately 52 active listings in Montecito. 1780 Glen Oaks Drive Offered at $6,295,000 Modern luxury and a rustic aesthetic happily co-exist at the end of a long winding drive in the heart of Montecito.Taking its cue from the farmhouse vernacular, this ruggedly elegant residence is equally intimate, warm and vividly expressive.The exteriors are an invitation to explore with multiple paths, bridges, outdoor pavilion with a fireplace and a babbling creek as your guide. Inside the home, a dramatic living room greets you upon entering and sets the tone for what is to come with a stunning mix of wood and stone and doors leading to an interior courtyard, paneled library and screened porch.Throughout the interiors there is a feeling of permanence and privacy all with a distinctive, elegant simplicity that complements the setting. That sums it up for last week! Click here to view more of our current featured listings.

Weekly Market Snapshot