The great wealth transfer is well underway and over the next 20 years about $84 trillion (TRILLION!) will be transferred from Baby Boomers (that’s me) to Get X and Millennials. We see this playing out across the US and definitely in Santa Barbara and Montecito where parents and grandparents are helping their children move here to take advantage of the incomparable quality of life for raising their families and to be closer to each other.
The Great Wealth Transfer
As these assets are transferred, we will see demand and property values continue to be strong in Montecito and Santa Barbara.
What Happened in Montecito Last Week?
August 18th – August 24th
6 New Listings
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- 465 Hot Springs Road
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- 2775 E Valley Road
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- 539 Periwinkle Lane
3 Closed Deals
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- 1130 E Mountain Drive
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- 975 Mariposa Lane
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- Vacant Lot Barker Pass Road
4 Pending Sales
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- 1157 Glenview Road
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- 843 Knapp Drive
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- 56 Ollive Mill Road
weekly spotlight
Labor Day Weekend Activities
It’s hard to believe, but Labor Day Weekend is just around the corner! Montecito and Santa Barbara are buzzing with plenty of fun and exciting activities to enjoy. Here are a few of our top picks for the holiday weekend.
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