Montecito Luxury Real Estate Sales. The Montecito luxury real estate segment has been on a tear in 2012. So far, there have been 9 sales, totalling $123.5 million in closed sales to date. That compares with the full year 2011 when we saw only 7 sales all year, totalling $70.7 million. There were 2 sales this week. The first, a 7000 square foot Mediterranean Estate on 24 acres. This Estate was originally listed in October 2008 for $18.9 million. It closed this week at $10 million. The second sale this week was a historic 1920’s Mediterranean Estate on 7 acres. This was originally listed for $29 million in November 2009. It sold for $15.9 million. There are currently 2 Estates in escrow. To search Montecito Luxury Real Estate click SEARCH MONTECITO LUXURY REAL ESTATE. Click DREAM HOME FINDER to receive new listings and recent price reductions matching your specific criteria. For personalized attention call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
