Montecito Real Estate Update - Latest Weekly Trend
March 15, 2023
The Montecito market was at a standstill in terms of inventory last week. There were no new listings, and the total number of active listings was 32. 2 sales went pending, 2 sales closed, and there was 1 price reduction.
Price Reduction:
Just reduced in price is 269 Oak Road, located in Montecito. After being on the market for a total of 23 days, the property was reduced from its original listed price of $3,500,000 to $3,395,000. The charming 1930’s home sits on a +/- 8,700 square foot lot and is a great potential investment property. The main home features 2 bedrooms, 1 bathroom, and charming original wood floors. The separate dwelling has plans and permits for an ADU conversion.
Are you interested in hearing about off-market opportunities in the Montecito area? Let’s connect! We have knowledge of off-market listings on a regular basis.
Market Recap: March 6th - March 12th
Listing & photo courtesy of Berkshire Hathaway & the MLS.
Listing & photo courtesy of Berkshire Hathaway & the MLS.
Listing & photo courtesy of Berkshire Hathaway & the MLS.
Listing & photo courtesy of Village Properties/ Sotheby's International Realty & the MLS.
If you would like the same statistics for surrounding areas such as Carpinteria, Summerland, Santa Barbara, Hope Ranch & Goleta, please contact us!
