Santa Barbara Real Estate

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Memorial Day

May 25th, 2015 · American Riviera

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I Madonnari in Santa Barbara 2015

May 23rd, 2015 · Santa Barbara Real Estate

2IMondarri2015AerialPhoto by Eric Issacs

The 29th I Madonnari Italian Street Painting Festival will be taking place from 10am to 6pm on May 23rd, May 24th, and May 25th in front of the steps of the Old Santa Barbara Mission! The I Madonnari Festival is the first of its kind in North America. The Festival presents the performance art of street painting and raises vital funding for the Children’s Creative Project (CCP), a non profit arts education program of the Santa Barbara County Education Office.

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Santa Barbara Online Weekend Open Houses

May 21st, 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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 Weekend Online Open Houses for Santa Barbara

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Santa Barbara’s Zoning Information Reports

May 18th, 2015 · Santa Barbara Real Estate, Santa Barbara Realtors, Zoning Information Reports

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On May 16, 2015 the Santa Barbara News-Press’s staff writer Paul Gonzalez wrote that, ” according to the Santa Barbara County’s Grand Jury the Santa Barbara Zoning Reports are unreliable, and have outlived their usefulness.”

A Zoning Information Report is a disclosure issued by the Community Development Department of a home’s zoning and permitted uses. An abstract or summary of that property. The reports are required by anyone selling their home here in Santa Barbara. The 17 page report released Wednesday found the ZIR’s have become inconsistent and unreliable. The reports were adopted in 1974 to prevent illegal construction, illegal rental units, and monitor adequate street parking. The Zoning Information Reports which have become the bane of realtors here in Santa Barbara are under the microscope now. In other areas of California they’re referred to as Resale Inspections.  Unfortunately the Community Development Department has done a poor job of inspections without taking responsibility for their mistakes at the expense of many home sales. It’s a shame, because as people have found out in other areas outside Santa Barbara, “Resale Inspections” by that city or town’s Building Department often time reveal important information regarding the subject property – and can be an excellent disclosure for prospective buyers. Wouldn’t you like to know if something was built without permits?

The Grand Jury recommends that the ZIR’s become voluntary and for informational purposes only. If you’re thinking of buying a home in Santa Barbara you might have to request a ZIR report in your offer if that happens. The Santa Barbara City Attorney, Ariel Calonne,  declined to comment.  The City must respond to the Grand Jury within 90 days.

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Santa Barbara Real Estate 1st Quarter 2015

May 16th, 2015 · Carpinteria Real Estate, Goleta Real Estate, Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate, Summerland Real Estate

For the month of March Home/Estate/ PUD sales went up for the month with 117 closings from the 58 we saw in February.  The Median Sales Price also rose to about $1.2 million up from $1,035,000 at the end of February while the days on the market for sold properties went down to around 54 from the 71 we saw in the previous month.  Opened escrows stayed at about the same level from 121 in February to 118 in March. There were approximately 160 new listings that came on the market in March with a median list price of roughly $1,450,000 and an average list price of about $2,500,000 with the overall inventory rising from about 260 units for sale at the end of February to around 280 at the end of March.

For the Condo segment of the market sales went up to 56 in March from 27 in February. There were about 45 new condo listings that came on the market for the month with a median list price of about $599,000 and an average list price of approximately $686,697.  But, unlike the Homes/Estate/ PUD market the overall inventory fell from just about 86 to roughly 65.

The data below reflects the average sale’s price for the 1st quarter of 2015 over the last 5 years.

Click on the image to enlarge

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Stage 5 Amgen Tour of California Bike Race Flies Thru Montecito, California

May 15th, 2015 · American Riviera, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Montecito Realtors

The 700 mile bike race that began May 10th in Sacremento and ends in Pasadena on May 17th came through Santa Barbara today! Within just a few feet of Sotheby’s International Realty’s Upper Village offices in Montecito, the bike race passed thru on East Valley Road to the cheers of passerby’s lining the street! Check out this 29 second video of the race!

Stage 5 Amgen Tour of California Bike Race Flies Thru Montecito, California from Santa Barbara Real Estate Videos on Vimeo.

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Last 5 Years of Selling Prices 1st Quarter

May 14th, 2015 · Mark Lomas and Kirsten Wolfe, Market Conditions, Montecito Realtors, Santa Barbara Realtors

3FirstQFiveYears2015 Montecito * Santa Barbara * Carpinteria/Summerland * Hope Ranch * Goleta

(Click on image to enlarge)

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Montecito Real Estate

May 13th, 2015 · Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Montecito Realtors

Offered at $5,750,000 6 Bedrooms 6 Baths, pool, ocean and mountain views in a private setting!

923 Buena Vista Drive in Montecito, California from Santa Barbara Real Estate Videos on Vimeo.

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Santa Barbara “Live” Real Estate Statistics

May 13th, 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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Stage 3 Drought Emergency in Santa Barbara

May 7th, 2015 · Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate

On May 5, 2015 the Santa Barbara View editorial reported that the likely hood of Stage 3 Drought Emergency in Santa Barbara was emenient. Here’s an excerpt from that editorial:  “Today at their weekly meeting, the Santa Barbara City Council will likely discuss and adopt stage three water use regulations and development restrictions.

According to the Agenda, for over a year, the City has been taking successive steps in response to what has turned out to be the worst dry period on record in Santa Barbara, with 2015 being the end of the driest four years on record. These steps have been in line with the City’s Water Shortage Contingency Plan and the 2011 Long-Term Water Supply Plan, which are based on the following principles:

• Most of the City’s water supplies depend on rainfall to fill reservoirs;
• Severe drought is an expected part of water supply planning and develops over a number of years, as our primary water supplies diminish;
• A drought might end in a relatively short time, but the lead time needed to ensure an adequate supply of water requires an assumption of continuing drought; and
• Management of customer demand is a critical part of water supply management, including ongoing efficiency improvements during normal times and extraordinary additional cutbacks during extended dry periods.

See more at: Santa Barbara Stage 3 Drought Emergency

Update from KEYT News Channel 3 in Santa Barbara
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