If you want proof that the market is moving, look no further than these 12 notable closings from the past week, from Campanil to Torito Road.
428 CORONA DEL MAR
Spec renovation of a 1911 cottage (also pictured at top) off East Beach.
Listed: $3.595 million in November 2019.
Adjustments: ↓$345K in December 2019; ↓$255K in January 2020; ↓$400K in March 2020; ↓$200K in May 2020.
Closed: $2.235 million.
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540 EL BOSQUE ROAD
100-year-old farmhouse between El Bosque and Live Oaks.
Listed: $2.95 million in February 2017.
Adjustments: ↓$55K in July 2019; ↓$200K in September 2019; ↓$200K in February 2020.
Closed: $2.35 million.
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2960 TORITO ROAD
1946 adobe.
Listed: $2.895 million in June 2019.
Adjustments: ↓$145K in September 2019; ↓$100K in November 2019.
Closed: $2.482 million.
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685 STONEHOUSE LANE
Two-acre vacant lot in Montecito, one house from East Valley Road.
Listed: $3.995 million in August 2019.
Adjustments: ↓$500K in October 2019; ↓$500K in April 2020.
Closed: $2.65 million.
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2275 FEATHERHILL ROAD
Cute fixer in east Montecito.
Listed: $2.95 million in April 2020.
Adjustments: ↓$55K in May 2020.
Closed: $2.65 million.
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1286 COAST VILLAGE CIRCLE
Two-bedroom condo behind the Honor Bar.
Listed: $3.45 million in July 2017.
Adjustments: ↓$600K in October 2018.
Closed: $2.7 million.
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700 MISSION CANYON ROAD
1920s house with great stone guest house.
Listed: $2.895 in June 2020.
Adjustments: None.
Closed: $2.884 million.
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1401 E. PEPPER LANE
Sweet 1895 main house with a big guest house and “gypsy caravan” (with plumbing).
Listed: $4.45 million in September 2016.
Adjustments: ↓$585K in January 2019; ↓$115K in June 2019; ↓$255K in July 2019; ↓$120K in January 2020.
Closed: $3.175 million.
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734 SEA RANCH DRIVE
Low-slung 1968 house with superb views—and two kitchens…?
Listed: $5.5 million in September 2018.
Adjustments: ↓$750K in January 2019; ↓$200K in May 2019;
Closed: $4 million.
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1525 MIMOSA LANE
1927 fairytale in the Hedgerow.
Listed: $4.95 million in May 2020.
Adjustments: None.
Closed: Not public yet, but I’d assume it closed near or above ask, since it went pending immediately.
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1143 GLENVIEW ROAD
Ocean-view lot where someone changed his/her mind partway through building a house.
Listed: $4.3 million in May 2020.
Adjustments: None.
Closed: $4.3 million
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1565 EAST VALLEY ROAD
Big and Hamptons-y, with some surfaces that need addressing.
Listed: $6.35 million in June 2020.
Adjustments: None.
Closed: $6.27 million.
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