Montecito Real Estate Market July 12 – August 11

Butterfly Beach Montecito

Gorgeous end to the day in Montecito

This is an update on the Montecito real estate market from July 12 – August 11. There are currently 133 properties for sale in Montecito (single family/estates and condominiums). There were 24 new listings, 22 single family/estates and 2 condominiums that came on the market during this time period. Click here to view the new Montecito listings. The price range for new listings was $995,000 – $9,495,000. On the high end the new listing for $9,495,000 is an exquisite, gated hill-top Mediterranean estate on 4+ acres with a separate guest house and incredible ocean, city, and coastline views. At the other end of the spectrum the property listed at $995,000 is a 2 bdrm 2 bath home on 10 bucolic acres with horse corrals, oaks, avocados, and a rural ambiance. Lots of potential here! The were 15 sales during this period with the high end being a gorgeous Riven Rock estate full of charm and character, 5300+s.f., with a lovely pool and cabana. This sold for $6,400,000 – it was the only sale over $5,000,000 during this period. At the lower price point of the sales was a cozy 3 bdrm 2 bath home circa 1950’s with mountain views in the coveted Cold Springs School district. This sold for just $1,153,000. During this same time frame last year there were 17 sales which is not so different however 4 of those were above $5,000,000 with 2 above $10,000,000 with the highest sale being at $13,750,000 for a spectacular 10,000+ sf estate on 20 ocean view acres!For more information about property for sale in Montecito contact patsaraca@gmail.com