September Sales Activity for Montecito California shows 13 properties changing hands.    September of 2009 showed 20 properties selling.    Interestingly enough,  year to date 2010, we have recorded just over 100 sales in Montecito.    Comparing this with 2007 prior to the mortgage meltdown, shows 160 sales from January to September, or about 1/3 more. 

The good news is that the 13 properties which sold in Montecito in September of this year were not distressed properties - no foreclosures, no REO (real estate owned, or bank owned) properties.  And all sales were over the $1M mark.  We are now calling these "Traditional Sales" as opposed to Normal Sales, with the new normal showing increased distressed property activity. 

Below $2MM: 

Hidden Valley Lane (technically Summerland, just east of Montecito) $1,838,000.

Coronado Circle $1,625,000

Orchard Avenue - $1,625,000

orchard

Summit Road - $1,225,000

$2MM to $3MM:

Tiburon Bay Lane - $2,600,000

Miramar AVenue - $2,250,000

Hill Road - $2,150,000

Dulzura Drive - $2,100,000

$3MM to $5MM

Camino del Rosario - $4,950,000

camino del rosario

Summit Road $4,125,000

Above $5MM

East Mountain Drive - $13,310,000

E Mountain 1

East Mountain Drive - $13,000,000

E Mountain 2

Hot Springs Road - $5,500,000

We still have some amazing properties in Montecito - approximately 200 homes are for sale at this writing - in all prices and sizes!  These include condos, homes, estates, and land, and are all located in the highly-sought MUS (Montecito Union School) or Cold Spring School Districts

 

 

 

 

 
This post has been included in California Real Estate News Santa Barbara County, CA Real Estate News Montecito, CA Real Estate News
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