Do you wonder if there is a correlation between the number of days a home is on the market and the price it sells for?
Here’s a breakdown for Montecito of properties’ sale-to-list price ratios and average days on the market:
Properties on the market for 30-40 days sell for 98% – 100% of their asking price:
When properties are on the market for 45 – 60 days they sell for 95%-98% of their asking price.
Once a property is in the market over 60 days, the sale price goes down to 90% to 95% of the last asking price (and frequently there has been a price reduction from the original price):
With that in mind, here are some of the best properties currently available in Montecito and Santa Barbara that deserve a second look!
What Happened in Montecito Last Week?
October 13th – October 19th
2 New Listings
1 Closed Sale
1 Pending Sale
weekly spotlight
A Sneek Peek
Some fun #BTS with our team this week! Stay tuned for what’s coming…🎥✨
