![Cristal Clarke smiling behind a desk on her cell phone in front of a laptop and large window with sunshine coming through.](http://storage.googleapis.com/montecito-estate-com/uploads/CristalClarke-August2022-223.jpg)
A More Balanced Outlook in the Housing Market
As we observe the overarching patterns of the housing market nationally, a distinct trend becomes apparent: a movement toward balance. In April, inventory grew, marking a 33.3% surge in available homes for sale compared to the previous year. This trend persisted for the 25th consecutive week, presenting homebuyers with more choices in the market. Despite this, the median price of homes for sale in April remained steady compared to last year. Homes sold in an average of 47 days, one day longer than the previous year, but 7 days shorter than pre-COVID-19 pandemic levels.
Navigating Market Dynamics
April brought a notable increase in active listings statewide and locally across Santa Barbara communities. This recent surge in homes hitting the market fosters an environment ripe for transactions where buyers and sellers can engage with confidence.
Seizing the Moment
The present moment beckons with promise, offering a tableau of possibilities waiting to be explored. Now is the time to engage with Santa Barbara's real estate market and chart a course toward your personal aspirations.
Neighborhood Market Update
![World class contemporary estate against a backdrop of a beautiful twilight sky and lush greenery](http://storage.googleapis.com/montecito-estate-com/uploads/12072.jpg)
Montecito
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NEW LISTINGS: 29
PENDING: 13
PRICE CHANGES: 15
SOLD: 18
![A story book looking Hope Ranch Estate with a kidney shaped pool and the ocean in the background.](http://storage.googleapis.com/montecito-estate-com/uploads/1a-4180-Cresta_0003-751x5258.jpg)
Hope Ranch
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NEW LISTINGS: 5
PENDING: 2
PRICE CHANGE: 4
SOLD: 2
![A Mediterranean estate with a red tiled roof overlooking the ocean](http://storage.googleapis.com/montecito-estate-com/uploads/12536.jpg)
Santa Barbara
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NEW LISTINGS: 83
PENDING: 59
PRICE CHANGES: 22
SOLD: 58
![A Hacienda-style Spanish Colonial estate reflected in the serene backyard pool](http://storage.googleapis.com/montecito-estate-com/uploads/6858CasitasPass_01736.jpg)
Carpinteria & Summerland
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NEW LISTINGS: 22
PENDING: 15
PRICE CHANGES: 9
SOLD: 11
![Casamar, an extraordinary Mediterranean estate lighting up the night.](http://storage.googleapis.com/montecito-estate-com/uploads/11945.jpg)
Featured Property
CASAMAR: AN EXTRAORDINARY MEDITERRANEAN ESTATE WHERE GRANDEUR MEETS GRACE
LISTING PRICE: $ 21,900,000
Nestled within the sought-after Golden Quadrangle area of Montecito, Casamar stands as a prime example of Mediterranean elegance at its finest, located on approximately 2.12 acres. With sweeping ocean and mountain vistas, this palatial estate exudes sophistication and opulence at every turn.
![A luxury living room with wood beamed ceiling and comfy yet elegant looking furniture in front of a floor to ceiling window with a view of the ocean.](http://storage.googleapis.com/montecito-estate-com/uploads/4443.jpg)
Step through the awe-inspiring entrance adorned with a custom dome skylight into a realm of unparalleled luxury. The grand living room hosts a stunning stone fireplace, parquet floor, high vaulted wood beam ceilings, and breathtaking panoramic ocean views through glass fanlight-arched French doors.
![A showcase kitchen with wood floors, an island, top of the line appliances and a beautiful ocean view.](http://storage.googleapis.com/montecito-estate-com/uploads/7453.jpg)
The gourmet kitchen, bathed in natural light from skylights, features custom cabinetry, top-of-the-line appliances, and an intimate breakfast room opening onto an ocean-view terrace. The adjacent media room/library, complete with a dual-faced fireplace and projection system, offers a cozy retreat for relaxation.
![A luxury primary suite with window paneled door open to reveal ocean views.](http://storage.googleapis.com/montecito-estate-com/uploads/111083.jpg)
The primary suite, a sanctuary of tranquility, boasts a wood ceiling, dual luxurious bathrooms, spacious walk-in closets, and French doors leading to a private terrace overlooking the ocean. Additional bedrooms, each with en-suite baths, ensure comfort and privacy for all residents (and visitors).
![A luxury backyard pool area surrounded by lush vegetation and a row of lounge chairs at the top of stairs.](http://storage.googleapis.com/montecito-estate-com/uploads/25164.jpg)
Lushly landscaped grounds invite outdoor living at its finest. From the glistening pool and koi pond to the rose gardens and orchards, cascading waterfall, two elegant fountains, a charming arbor,every corner of the estate exudes serenity and charm. A farm-to-table patio off the kitchen provides an idyllic setting for al fresco dining amidst the natural splendor of the surroundings.
![A large American flag overlooking an upscale community with the ocean and the Channel Islands in the background.](http://storage.googleapis.com/montecito-estate-com/uploads/5503.jpg)
Further enhancing the allure of this exceptional property are amenities such as an expansive motor court, upper-level 4-car garage, generator, a private well, and a charming guest house with ocean views. Conveniently located near beaches, the Upper Village, and within the prestigious Montecito Union School District, Casamar offers unparalleled luxury and convenience in one of California's most coveted communities.
For those considering buying, selling, or investing in real estate in this area, I'm here to assist you every step of the way. Feel free to contact me at (805) 886-9378 or via email at Cristal@montecito-estate.com to schedule a complimentary consultation. Stay ahead of market trends with my next market update. Let's make your real estate goals a reality.
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