If you missed our recent Q2 Market Update, let me catch you up! Now that the second quarter of the year has come to a close we are starting to see how 2023 is comparing to Q1 2023 and recent years. Of the 54 closed sales in the second quarter, 16 were sold off market, which is nearly 30% of all Q2 sales, proving that having the inside track can make all the difference.
- There were 11 Closed Sales over $10M in Q2 2023. That is 175% more than Q1 2023 (4 sales over $10M). The highest sale of Q2 2023 was an off market sale, 319 San Ysidro Road, which closed for $22.5M.
- There were 19 Closed Sales between $5-10M in Q2 2023, that is a 72% increase in closed sales compared to Q1 2023. There were 9 off market sales between $5 – $10M.
- Representing 44% of all Q2 2023 sales in Montecito, there were 24 homes that sold in Montecito below $5M. This is a 33% increase compared to Q1 2023 (18 sales < $5M).
Summer is a great time to shop for homes in Montecito and we are seeing lots of activity in all price ranges, just last week we saw 11 New Listings, 3 Closed Sales and 2 Pending Sales. Stay up to date each week with our weekly market updates – click here to subscribe.
What Happened in Montecito Last Week?
July 9th – July 15th
11 NEW LISTINGS
3 CLOSED SALES
2 PENDING SALES
weekly spotlights
Let’s Grab a Bite
Here are some delicious restaurants around town that are new on the restaurant scene along the Central Coast. Click below to read more.
