Montecito Real Estate Market Snapshot

093681_cf48f4ad82e04ad4af0c8163a

Updated: Sep 29, 2022

The second week of July had zero closed transactions in Montecito – definitely a notable change and further indication of the dwindling supply of properties available. Buyers are still in the market in abundance, although somewhat more discerning and questioning prices for many listings and distracted with vacations. There were 6 New Listings all at or under $7 million (with 1530 San Leandro leading the charge in the Hedgerows and garnering activity reminiscent of 2021 – underscoring that homes in the right location, and priced well, are attracting strong interest and buyers!). Montecito saw 4 Pended Sales, however 29 Seaview Drive returned to market days later, and 7 Price Changes, 3 of which were land sale price reductions.

Summer has traditionally been a great time for buyers to get the best deals as the competition is lighter, and this Summer seems to be proving that is true in Montecito. Let me know if you want the inside story on Montecito real estate.

What happened in Montecito Last Week?

July 10th – July 16th

6 NEW LISTINGS

4 LISTING WENT INTO ESCROW

7 PRICE CHANGES

HONORABLE MENTION


vintage charm

1530 San Leandro Lane | Montecito

That sums it up for last week!

Click here to view more of our current featured listings.

Check out this article next

Nostalgic, Timeless Style

Nostalgic, Timeless Style

1530 San Leandro Lane, MontecitoOffered at $7,000,000Romantic 1917's Hedgerow Property | 5 Bedrooms/ 5 Bathrooms4,295 +/- Sq. Ft. | .46 Acres | Built in 1917…

Read Article