The Seller’s Market Continues in Santa Barbara
To be clear, it’s still a seller’s market in California, and Santa Barbara specifically, with home prices staying strong. Even so, sellers need to adjust their expectations. While our limited inventory continues to drive prices, fewer properties are selling above the asking price, and homes are staying on the market longer. Buyers need to adjust their expectations, too, due to the tight inventory, which is expected to continue to drive prices.
Neighborhood Market Update
NEW LISTINGS: 6
PRICE CHANGES: 2
NEW LISTINGS: 2
PRICE CHANGES: 1
NEW LISTINGS: 19
PRICE CHANGES: 5
NEW LISTINGS: 2
PRICE CHANGES: 0
World-Class Ocean View Montecito Estate
999 ROMERO CANYON, MONTECITO CA
Offered at $19,950,000
Rarely do homes like this hit the market. This is your chance to own this rare and ultra-private estate since this is the first time it has hit the market. Perched on more than 2.4 impressive acres featuring breathtaking ocean views from nearly every room, the stunning property has undergone a world-class remodel utilizing the very finest design elements and materials imaginable.
Rare Iconic Miramar Beach Estate
1 MIRAMAR AVENUE, MONTECITO CA
Offered at $10,950,000
One look and you’ll understand why this iconic Miramar beach estate, restored and updated, is, nonetheless, one of the first distinctive retreats on California's Central Coast. Located just steps from Miramar Beach in Montecito, the property is surrounded by mature tropical gardens, including Canary Island palms and sprawling lawns. Lovingly and impeccably remodeled, this remarkable residence is rich with character and charm.
My Full Portfolio of Fine Homes For Sale
If you’re considering making a move, please call me at (805) 886-9378 or send me an email at Cristal@montecito-estate.com for a complimentary consultation. Meantime, stay apprised of local, regional and national real estate trends with my next market update.