How’s the Montecito Real Estate Market?

(May 20, 2024) Hows the Montecito Real Estate market_ 2

Money talks, wealth whispers.

Quiet luxury is on the rise, and Montecito is undoubtedly leading the charge! In fact, Montecito epitomizes quiet luxury. I remember a great ad campaign from many years ago that simply said, “Money talks, wealth whispers.” I have never forgotten the tagline (though I can’t recall what it was for), and it so perfectly fits Montecito.

Recreation with a view

Inside and out, I am seeing a design trend in luxury estates and even in lower-priced homes, all displaying a more thoughtful, playful, and energetic style. Gardens and rockscapes are beautiful yet effortless, fabric and paint choices are enduring and timeless, and there is an emphasis on homes and gardens that serve a purpose—from pickleball courts and cold plunges to raised garden beds brimming with fruits and vegetables, as well as mini vineyards and orchards. Inside, bedroom suites are quiet sanctuaries, bathrooms are spas, and kitchens are multi-functional gathering places.

 

 

Resort Style Bedroom Suites

When homes and estates have these elements, we consistently see them achieving premium prices. So, when I am asked by sellers what is the most impactful thing they can do to get their house ready to sell, my advice is to focus on simplicity, clarity, and a soft, neutral palette. Then, let the magic of Montecito’s abundant quiet luxury work its charm.

What Happened in Montecito Last Week?
May 12th – May 18th

5 NEW LISTINGS

5 CLOSED SALES

1 PENDING SALE


weekly spotlight

An Update on the Future of the Biltmore

Word is that Biltmore employees have reached a settlement with Four Seasons. But what does this mean for the future of the historic hotel? Is an opening date in sight?

There are whispers of exciting renovations that promise to elevate the standard of luxurious family travel at the beachside resort. But how long will it take? A representative from Ty Warner Hotels and Resorts spoke exclusively with the Montecito Journal to provide insights on this and more.

Click here to read the full article.

 


That sums it up for last week!

Click here to view more of our current featured listing

 

 

 

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