Santa Barbara Real Estate

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Santa Barbara Real Estate

January 29th, 2015 · Carpinteria Real Estate, Ennisbrook, Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate, Summerland Real Estate

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An exciting end to 2014 here in Southern Santa Barbara as the average sales price went from about $1,400,000 in 2013 to $1,700,000 in 2014 for an 18.5% rise.  However, the number of single family homes sold was down significantly by about 17%.  Sales price is up, number of sales are down.

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Santa Barbara “Live” Real Estate Statistics

January 28th, 2015 · 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 International Film Festival

January 26th, 2015 · Santa Barbara Film Festival

   TONIGHTS THE NIGHT!   OPENING NIGHT!

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Santa Barbara’s 30th International Film Festival Web Site

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Montecito Approves Miramar Hotel Project

January 22nd, 2015 · Mark Lomas and Kirsten Wolfe, Miramar Hotel, Montecito Real Estate, Montecito Realtors

KEYT  reported today that the Miramar Hotel project resolved some parking issues before the Montecito Planning Commission voting 3 to 2 to give the project the green light. Members of the Commission received a 5,000 page document that describes the 170 room hotel with valet parking, a private membership club, a public beach, and a banquet hall.  The story poles viewed from 101 can come down. Developer Richard Caruso has been in an eight year battle over the project. Possibly, the Miramar Hotel could be “up and running” by 2017.

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In 2014 this was a reconfigured proposal for the Miramar Beach Resort and Bungalows (may not reflect the final outcome)

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Buy Now? Or Later?

January 21st, 2015 · Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate

Visit NBCNews.com for breaking news, world news, and news about the economy

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2013 vs. 2014 Number of Home Sales

January 19th, 2015 · Mark Lomas and Kirsten Wolfe, Market Conditions, Neighborhood News

Number of Home Sales in Southern Santa Barbara. 2013 vs. 2014.

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Santa Barbara Real Estate Market Trends

January 16th, 2015 · Market Conditions, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

Graph provided by Fidelity Title Company Santa Barbara

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Covering the communities from from Carpinteria to Goleta

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Welcome to the American Riviera

January 16th, 2015 · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Realtors

The American Riviera from Mark on Vimeo.

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Santa Barbara Online Weekend Open Houses

January 15th, 2015 · 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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Home Buyers Optimistic for 2015

January 13th, 2015 · Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Here’s an update on housing trends.   Or, more precisely, here’s an update on what people think the trends will be. Despite having no objective way to know the future – and despite  an apparent disregard for the reality that housing hasn’t been a great investment over the long run – people are constantly changing their opinions about long term trends. And lately, they’ve become somewhat more optimistic.

Since 2003, Dodge Data and Analytics has asked, “On average over the next 10 years, how much do you expect the value of your property to change each year?”  In 2004, a boom year, the average answer was 12.6 percent, but in succeeding years the figure began to decline, bottoming at 4 percent in 2012.   The expected gain rose to 4.2 percent in 2013,   and 5.5 percent in mid 2014.

These expectations are hardly wild: If inflation ran at 2 percent a year, the Federal Reserve’s target, the expected appreciation in housing would be an inflation corrected 2 percent to 3.5 percent a year.  So, at the moment, there is no evidence of a real estate bubble.

One wild card in housing prices is the future of the mortgage interest tax deduction.  While it’s beloved by many taxpayers, it may not last – and if it doesn’t, short term trends could be affected.

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