Santa Barbara Real Estate

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Will 2015 Be The Year Of The California Homebuyer?

October 26th, 2014 · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate

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The Santa Barbara Courthouse Aerial Photography by Technopanorma.com

The year 2015 may go down in the record books as the year of the California homebuyer. 

A forecast by the California Association of Realtors offers unbridled optimisim for homebuyers in the coming year.   CAR is predicting that the supply of available homes on the market will continue to grow, and prices will flatten as fewer investors will be bidding against traditional homebuyers as home sales rise modestly across the state.  CAR also predicts that mortgage interest rates will remain at historically low levels throughout the year.

Looking at the numbers CAR said existing home sales will rise 5.8% in 2015 after an expected 8.2% drop in 2014.  Mortgage rates will rise only slightly to 4.5%.  The statewide medium home price is projected to rise 5.2% following an expected 11.8% increase this year – the slowest rate of price appreciation in four years.

If you’re considering making a move in this market give us a call, text, or email and let us show you how are experience and skills can make the difference you’re looking for!

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275 Las Palmas in Santa Barbara, California

October 17th, 2014 · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate Videos, Technopanorama

275 Las Palmas in Hope Ranch from Mark on Vimeo.

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Real Estate Industry News/ Trends

October 17th, 2014 · Mark Lomas and Kirsten Wolfe, The Real Estate Concierge, The Real Estate Scene

 3SBChrisPotterCoastline2014

Mortgage Applications Increase In Latest MBA Weekly SurveyPress Release 

 Why Mortgage Demand Was Better Than Initially Reported Last YearWSJ Real Time Economics Blog 

Refinance Boomlet Gives U.S. Banks Relief From Plunge: MortgagesBloomberg 

Real-Estate Pros Fight NYC Tax On Wealthy Absentee OwnersBloomberg  

Buying Cheaper Than Renting, But Some Mortgages Make It a Closer CallTrulia 

Coldwell Banker Commercial Brand Expands Into ItalyPress Release 

Auditions Helping Long-Term Jobless As U.S. Expands AidBloomberg 

Where Do The World’s Wealthiest People Live?WSJ Real time Economics Blog 

Mortgage Rates 

Mortgage Rates Fall To Lowest Level Since June 2013WSJ Real Time Economics Blog 

Overnight Averages from Bankrate.com

Painting by www.ChrisPotterArt.blogspot.com

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Santa Barbara “Live” Real Estate Statistics

October 17th, 2014 · Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate Market Trends, SB Real Estate Statistics

real-time real estate market research
Something new for Santa Barbara Real Estate! Live Statistics! Sales asking prices for the last 7 days, and the last 90 days. If you’d like to take the “Pulse” of today’s market here’s where you’ll find it.

Iif you’re not familar with Santa Barbara’s Zip Codes, here they are:
Carpinteria: 93013, Summerland: 93067, Montecito: 93108, SB Westside: 93101, SB Westside: 93109 , SB Eastside: 93103 (Riviera), SB Eastside: 93105, Hope Ranch: 93110, Goleta:93111. Goleta/county: 93117, and Santa Ynez: 93460

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Santa Barbara Real Estate Statistics

October 14th, 2014 · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate, Santa Barbara Realtors, SB Real Estate Statistics

South County Market Trends for Santa Barbara Estate 3SBFidelityMarketTrends2014SeptCort

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How Luxury Real Estate Differs By Generation

October 11th, 2014 · American Riviera, Mark Lomas and Kirsten Wolfe, Property Search, Santa Barbara Realtors, The Real Estate Concierge

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Source: 2014 Wealthy Consumer Survey conducted by Coldwell Banker Previews International

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918 Garcia Road Open Sunday 1-4 PM

October 10th, 2014 · American Riviera

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Santa Barbara Real Estate Online Weekend Open Houses

October 9th, 2014 · American Riviera, Carpinteria Real Estate, Ennisbrook, Hope Ranch Real Estate, Montecito Real Estate, Open Houses, Property Search, Santa Barbara Real Estate, Santa Barbara Realtors, Summerland Real Estate

 Weekend Online Open Houses for Santa Barbara

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The Power of Price Positioning

October 9th, 2014 · Santa Barbara Real Estate, Santa Barbara Realtors, The Real Estate Concierge, The Real Estate Scene

How to obtain the highest price in the least amount of time?

Understanding important marketing concepts will make a big difference in the success of selling your home. The first is that real estate is a commodity, NOT a product.

With a product, the seller or manufacturer establishes the price and the public either buys the product or not after becoming aware of it through advertising.  For example, a television is a product priced according to the manufacturer with a price that does not fluctuate regularly.

However, with a commodity, buyers decide the value based on what is happening in the market and their perceptions of the value of that commodity.  Commodities,  like stocks, sell every day with prices fluctuating and are strongly influenced by economic factors like supply and demand.

When selling a home, proper price positioning will determine the activity level and perception of value.  A buyer’s perception of value based on their knowledge of the local real estate market determines whether a property sells or not.  The showing activity, days on the marke, and the number of offers received for a property will indicate how well the property has been positioned in a given market for the buyer pool.     By John Nesbit

 

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San Ysidro Ranch

October 5th, 2014 · American Riviera, Santa Barbara Real Estate Videos, Santa Barbara Realtors, The Real Estate Scene

San Ysidro Ranch from Mark on Vimeo.

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