The first full week of 2022 brought an increase in real estate activity for Montecito. Starting off with a bang – four homes sold last week, 3 of which were sold off market and 2 of those 3 had a price tag of over $10M. Six listings went into escrow, the most we have seen in quite some time and the sweet spot for these pending sales seemed to be $2-3M. 5 new listings came on the market, all below $5M. Finally, we’ve heard that a legacy property with endless ocean views will be coming back on the market at a new lower price, contact us if you want more details!
Stay tuned for our Q4 Montecito Market update, which will come out later this week.
What happened in Montecito Last Week?
January 2nd – January 8th
4 HOMES SOLD
6 LISTINGS WENT INTO ESCROW
3 PRICE CHANGES
FUN FACT: There were 22 closed sales in January 2021 – we will see how this year compares.
