What's Happening Off-Market?

Nearly 1 in 5 Montecito homes sold this year have closed off-market.

There have been 115 sales in Montecito so far this year. Twenty sold before hitting the market, representing more than 17% of all sales and over $176 million in sales volume.

Off-market prices have ranged from $2.05M at 1220 Coast Village Road to $18.5M last month at 1421 Wyant Road, with nine selling above $10 million.

Year-to-Date Montecito Off-Market Sales

What does this mean? 

The real estate market has become more fragmented. The MLS remains central, but private networks, agent-to-agent conversations, and homes quietly being considered for sale continue to create more places for opportunities to surface.

Where you look is now just as important as what you’re looking for.

What Happened in Montecito Last Week?

August 9th – August 15th

weekly spotlight

A+ in Montecito

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