How’s the Market?

(February 5, 2024) How’s the Market? 9

Do you enjoy a challenge?

I recently had the privilege of being interviewed by Aaron Howitt of Rate One Financial/Howitt Mortgage. In his interview series “Cutting Edge” he publishes interviews with entrepreneurs and professionals who he believes have a cutting-edge approach to their work and life philosophy. When he asked me to describe my favorite type of sale, even I was surprised by my quick response:

“I do enjoy a challenge. I really get excited about complex properties and complex sales. It’s challenging and stimulating to put those together”

Every sale has challenges and for me the key is to anticipate and be proactive to ensure a smooth and successful transaction. The conversation we shared was a fun exploration of thoughts and experiences about work, family life, working with family, sales philosophy (or lack there of), being a mom, stress eating and so much more.

If you would like to read the interview please click here.

Last week in Montecito there were 5 New Listings, 2 Closed sales and 4 Pending Sales. Here is what stood out:

  1. 885/875 Park Lane closed off market for $36.8M. This 10 bedroom/ 14 bathroom two parcel, ocean view estate was on the market for $43.5M just recently, but the deal came together after the listing expired. The sale is the 5th highest sale price for a non-beach/bluff estate in Santa Barbara.
  2. 454 Meadowbrook Drive – a pristine and private single-story Spanish Colonial casita in Ennisbrook had several offers and went pending after only 10 days on the market. (Another record price for the Ennisbrook Casitas!)
  3. There were two other pending sales that went into escrow in under 25 days, 433 Alcala Lane (15 days) and 172 Santa Elena Lane (24 days). Both are newly renovated, turn-key, single level homes.

The story of last week is that demand for the Montecito lifestyle is as strong as ever.

What Happened in Montecito Last Week?

January 28th – February 3rd

5 NEW LISTING

 

2 CLOSED SALES

4 PENDING SALES

 

weekly spotlight

 

FEBRUARY FUN FACTS & DATES

• February 2 – Groundhog Day – the day we find out whether winter will last six more weeks or call it quits early. How did this quirky tradition get started? Find out the meaning of Groundhog Day.

• February 10 – Lunar New Year

• February 11 – Super Bowl 🏈 It’s the Chef’s vs. the 49ers. Get ready for the game with some of these yummy recipes.

• February 13 – Mardi Gras – (aka “Fat Tuesday” or Shrove Tuesday)

• February 14 – Ash Wednesday – The start of Lent

• February 14 ♥️ – Valentine’s Day – Heads up, lovebirds! Today, the holiday is celebrated with love, flowers, and chocolate, but how did this holiday get its start? Learn all about Valentine’s Day.

• February 19 – President’s Day – A federal holiday also known as Washington’s Birthday that is celebrated on the third Monday in February. (George Washington’s actual birthday is February 22!)

• February 29 – Leap Day -Happening once every four years, we are given an extra day in February. Some think this day brings good luck. 🍀

That sums it up for last week!

Click here to view more of our current featured listing

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