Not quite half way through April, and there has already been 2 sales in the Santa Barbara luxury real estate market. The Santa Barbara luxury real estate market is generally defined as homes priced at $10 million and above. The first luxury estate closing was in Montecito. This beautiful, newer Mediterranean Estate set on 6 ocean view acres enjoys the beauty of a newer gated community in a prime Montecito location. Listed at $14.9 million, this beautiful Montecito Estate just closed escrow at $10.7 million after 277 days on the market. The second luxury estate sale was also in Montecito. This historic Estate on 3.5 pristinely manicured acres with large pond just closed escrow at $15 million. This Montecito Estate originally listed at $23.9 million had been on the market for 280 days.
In addition to these closed Estate sales, the Santa Barbara luxury real estate market has 8 luxury homes in escrow with list prices between $5 million and $14.7 million.
Is this the Santa Barbara luxury real estate turnaround??? Time will tell...
In the meantime, there is still a good selection of beautiful Santa Barbara homes for sale. There are also many sellers willing to make a deal. To browse homes for sale in Santa Barbara, go to www.DistinctiveRealEstateOnline.com If you prefer, you can contact Wendy Gragg by phone at 805.453.3371.
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