Santa Barbara Real Estate

The Real Estate Scene in Santa Barbara, Montecito, and Hope Ranch

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Santa Barbara Real Estate Statistics January 2018

February 17th, 2018 · Santa Barbara Real Estate

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Santa Barbara Real Estate Market Trends

February 16th, 2018 · Santa Barbara Real Estate Market Trends

The  Santa Barbara real estate Market Trends from January 2013 to January 2018 for the number of sales for that month. This graph was created by Fidelity Title Company of southern Santa Barbara covering the southern Santa Barbara communities of Carpinteria, Montecito, the upper and lower Riviera, the Upper East, East Side, West Side, Mesa, Hope Ranch and Goleta .

Click on image to enlarge 

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DOW PLUNGES and MORTGAGE RATES RISE

February 9th, 2018 · California Real Estate, Mortgage Information, Mortgage Interest Rates, Santa Barbara Real Estate

THE CORRELATION BETWEEN MORTGAGE RATES & THE STOCK MARKET

There is not a tangible relationship between mortgage rates and the stock market whereby one can be said to directly drive the other. Although they both respond to the same market conditions, their response is difficult to predict. That said, there are some notable patters by which either mortgage rates or the stock market suggest the behavior of the other. These patterns are based on flows of investment money, as well as the larger economic impact of either a healthy stock market or low mortgage rates.

Economics of a Vibrant Real Estate Market

Low interest rates help to spur the housing market. Housing is a major factor in boosting a healthy economy. This in turn supports a rising stock market. So while in the short term a falling stock market can drive down interest rates from a macro-economic perspective, those low rates should eventually under gird a stock market rise. This theory was the logic behind the Federal Reserve’s QE activity of the last few years. Some economists fear that as the Fed winds down this program, rising mortgage rates will derail the stock market rally. Based on what’s taken place recently in the stock market it’s anyone’s guess what will happen next. The DOW has dropped over 2000 points, and interest rates are up. Source Bankrate.com 2.9.2018

30 Year Fixed: Rate: 4.33%     15 Year Fixed: Rate: 3.66%

Jumbo 30 Year Fixed: Rate: 4.64%

5/1 Adjustable: Rate: 4.12%    5/1 Jumbo Adjustable: Rate: 3.82%

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Santa Barbara Readiness Website 2018

February 7th, 2018 · Montecito, Santa Barbara Readiness, Santa Barbara Real Estate

Santa Barbara County Ready Website

The Montecito Journal recently reported that the “New Normal” for Montecito following the Thomas Fire, Flood, and Mudslides has resulted in revised evacuation plans for future storms. The County will be using three new evacuation terms. A Pre-Evacuation Advisory, Recommended Evacuation Order, and a Mandatory Evacuation Order that includes a timeline for evacuation plans in storms, which is a different protocol than is used for fires.

The website link above provides great information, and an interactive map of the image above.

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The Sunflower; the world’s first Robotic Parasol

January 30th, 2018 · Santa Barbara Real Estate

Introducing the Sunflower by Shadecraft  a Los Angeles based robotics company, that has recently unveiled its hallmark invention, the SUNFLOWER.
The SUNFLOWER is a “smart” robotic parasol that links up to your smart devices via Bluetooth, WiFi, and 4G cellular connectivity. The robotic shading system even charges itself via solar power, meaning, that it is completely sustainable and doesn’t necessitate or use cables.
The SUNFLOWER detects the sun’s position in the sky and adjusts itself accordingly allowing the user to bask in the ambience of a sunny day without risking sun damage to their skin. The SUNFLOWER parasol elegantly adjusts itself over time to keep the user in the shade all day without moving a muscle.
The SUNFLOWER also offers device charging and plays music over it’s built in speaker system. It even comes with an integrated HD camera. The SUNFLOWER also provides a lighting system that offers ambient light come nightfall, elegantly illuminating your surroundings. For more information visit ShadeCraft’s

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Santa Barbara International Film Festival

January 29th, 2018 · Neighborhood News, Santa Barbara Film Festival, Santa Barbara Real Estate

The 33rd Santa Barbara International Film Festival for 2018 begins January 31st and runs through February 10th. Some of the attendees this year include: Savoirse Ronan, Gary Oldman, William Dafoe, Sam Rockwell, Margot Robbie, and Allison Janney. This year’s poster was created by Barbara Boros.

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Coast Village Road Reopens in Montecito

January 27th, 2018 · Montecito, Neighborhood News, Santa Barbara Real Estate

Coast Village Road reopened after the Thomas Fire, Flood, and Mudslides on January 24, 2018. On January 22nd, one day ahead of schedule Highway 101 was reopened. Amazingly in less than 2 weeks from the devastating mudslides. Our thoughts and prayers go out to all those directly affected by these events. The loss of lives, and properties is overwhelming. Not enough can be said to thank the Firefighters, Police, and First Responders that saved our community. We will prevail.

Although Von’s Supermarket and Pharmacy in Montecito ,and other businesses have opened on Coast Village Road, the restaurants and coffee shops will not open until the “boil water” alert has been lifted.

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Neighborliness: Boomers vs. Millennials

January 25th, 2018 · Boomers vs. Millennials, California, Real Estate Humor, Santa Barbara Real Estate

Nearly 30 percent of Americans admit they don’t know their neighbors first name. But, at least 90 percent have smiled or spoke  to their neighbor. At least once, according to a survey by Safehome.org.  53 percent of Americans say they’ve introduced themselves when a new neighbor moved in. 34 percent say they’ve been in their neighbor’s home, and only 16 percent admit to having hung out with their neighbor outside of the neighborhood.

Babyboomers tend to be the most neighborly generation. 67 percent of Boomers said they’ve spoken to their next door neighbor frequently, while only 36 percent of Millennials have said they’ve done the same.

Millennials: Born 1980 to 1994 * 72 million in US * Social Networking 75%

Boomers: Born 1946 to 1964 * 82 million in US * Social Networking 35%

(Humorous YouTube Video)

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Year to Date Sales for Southern Santa Barbara

January 23rd, 2018 · Carpinteria Homes For Sale, Goleta Homes For Sale, Hope Ranch Homes For Sale, Montecito Homes For Sale, Santa Barbara Homes For Sale, Santa Barbara Real Estate, Summerland Homes For Sale

Click or Tap on Image to Enlarge

All sales from 1.1.2017 through 10.1.2017 ,including not on the SB MLS, by address and town by Fidelity Title Company

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Highway 101 Reopens

January 22nd, 2018 · Neighborhood News, Santa Barbara

(Video may require “Flash”) It’s huge! Highway 101 reopened Sunday afternoon, and traffic almost immediately began flowing. January 31st is the target date for Montecito evacuees to return home. Some areas in Montecito not impacted have already repopulated. Highway 101 looks great. Cal Trans did an amazing job.

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