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Montecito luxury real estate

WEEKLY PERSPECTIVE 10-17

WEEKLY PERSPECTIVE 10-17

Happy Friday everyone! Just finishing up out work week here at Berkshire Hathaway in Montecito. Last week we touched on days on market in Santa Barbara and now we want to talk about Montecito. There has been a lot of talk about the slow down of the upper end. In fact the average time to sell a home in Montecito has increased 60% over last year, to 134 days which is over 4 months on the market.

And that's a long time to sell your home, but if you are shopping in the ultra-high end, say over 10 million dollars there is a decrease in inventory right now. It is about a 36% change from 11 homes active last year and only 4 this year. Although these are both big changes we see this as a stabilization of the market and now is pretty much an opportunity to stand out from the pack. So, you need proper preparation, you need to price your home accurately, you need to stage your home, and you need to work with an agent (or agents!) that understands the value of strong marketing.

So if you are thinking of buying or selling contact us today, call or email us and we would love to give you a consultation.

Have a great weekend!

Hot on the Market: Mid-Century Montecito Hedgerow Estate on .42 acres

🍃 Tucked away in Montecito's hedgerow....

A Mid-Century Modern Ranch near Lower Village and Beaches. Situated on a flat and usable .42 acres, this well maintained single level home offers 3 bedrooms and 3 full bathrooms with floor to ceiling walls of glass and soaring vaulted ceilings.

Features:
4 fireplaces; one in each of the formal dining room, living room, family room and Master bedroom, which is replete with sitting area, large walk-in closet, en-suite bathroom and french doors to the patio. Attached 3 car garage has installed a lift able to store 3 additional cars; sure to please the auto enthusiast. The grounds are an entertainer's dream with lush lawns, spacious patios, gardening areas and large water feature.
Extremely central location in Montecito near shops, Montecito Union Elementary, private schools, beaches, YMCA and more!

See the full details about this property

Private Beachfront Home in Fernald Cove

Private Beachfront Home in Fernald Cove

Take a look at this new-on-the-market single-family home in idyllic Fernald Cove, perfect as a home-away-from-home or a full-time residence! Formerly owned by John Cleese, this modern beachfront property offers privacy and sophistication. Listed at $8,250,000, the 3BD/3.5BA home also has a separate guest apartment, perfect for hosting weekend guests. Features include recently renovated kitchen and bathrooms, private deck, extensive wine cellar, and stunning 180 degree ocean views. Check out the photos below!

Listed by Sotheby's International Realty.