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Montecito Real Estate Update - Latest Weekly Trend

November 2, 2022


As October came to an end, the new listings and sales in the Montecito real estate market were few. Inventory remains low for the time being but that will likely improve after the holiday season.


Last week, 2 new Montecito listings hit the market, 3 sales have gone pending, and 2 sales closed. 38 listings are currently on the market.


Here are the new listings:


  • 1855 San Leandro Lane, a Montecito mediterranean estate with detached guest studio, resting on +/- 0.78 acres with +/- 3,545 sq ft. Built in 1923, this property is full of character. Featuring a spacious floor plan with 4 bedrooms and 5 bathrooms, this property was listed yesterday for $6,800,000.