Montecito CA Beach Property in High Demand
The demand for beach property and beach estates along the Carpinteria, Summerland and Montecito CA coastline in the last several years has been extremely strong. We have seen some amazing price points established in the very high end market, with the highest reported sale in the last year being $35 Million for a 9 bedroom, 6 bath newly built home on the bluff on Padaro Lane. Conversely, the lowest reported sale was $895,000 for a 1 bedroom condo in the desirable Bonnymede complex next to The Coral Casino and The Four Seasons Biltmore Resort. I have summarized below an easy to look at brief outline of the overall statistics for Carpinteria, Summerland and Montecito beach property for 2007.
- The total number of single family homes sold that were reported to the MLS was 10. Overall the prices ranged from $2.8 Million to $35 Million. Currently there are 14 active single family beach homes in the MLS for sale and 1 pending sale.
- The total number of condominiums and/or townhomes sold that were reported to the MLS was 13. Overall the prices ranged from $895,000 to $5 Million. Currently there are 5 active beach condos or townhomes in the MLS for sale and 0 pending sales.
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