High End Luxury Montecito Real Estate Sales Continue Their Strong Pace

The very high end luxury real estate market here in Montecito is seeing a great deal of activity and sales here in the first part of the year.  This is in pretty stark comparison to the sales here in the last year(s).

• 2009 - 10 Total sales over $7.5 million
• 2010 - 14 Total sales over $7.5 million
• 2011 - 4 Total sales over $7.5 million

In 2012, we have already seen 8 total closed sales over the first 5 months of the year, 5 of which have been over $15 million. Right now in our very high end real estate market, it is a matter of inventory and / or sellers that will sell.  Any seller that seems to be willing to sell their home at "market rate" will most likely have a buyer.  Buyers are out there, ready and comfortable with the market and the market rate prices. Currently there are also 2 other homes pending sale in the MLS with list prices of $14.85 million and $22 million.

High End Montecito View Homes

Luxury Montecito Estates

Old World Montecito Luxury Real Estate

Sophisticated Luxury Montecito Real Estate

View: Montecito Real Estate Listings $5 to $10 Million

View: Montecito Real Estate Listings $10 Million and Above

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For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in the Santa Barbara area, please don’t hesitate to contact Kevin Schmidtchen at Berkshire Hathaway.