Santa Barbara Real Estate

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Open Sunday 1-4pm 1709 Overlook Lane

July 5th, 2015 · American Riviera, George Washington Smith, Montecito Real Estate, Montecito Realtors, Santa Barbara Real Estate, Santa Barbara Realtors

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This George Washington Smith’s estate offers ocean views over the Andre Clark Bird Refuge to the islands. This home was constructed in 1928 and has been designated a registered landmark. The house and grounds have been beautifully renovated by the current owners. The house is 5710 square feet, and the property is privately situated on 0.95 acres. This five bedroom four and one half bath home has been carefully restored to retain it’s original charm and character, while updating the kitchen and bathrooms.

For more information or a private tour contact Mark Lomas and Kirsten Wolfe

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Architect George Washington Smith became one of the preeminent practitioners of the interpretive Hispanic architectural revival movement.  Smith’s Spanish Colonial Revival signature was the picturesque simplicity of his use of extensive plain wall surfaces, arches, clay tile roofs, iron grille work, heavy wood components, and deeply recessed wall openings, among other elements. This estate is distict from Smith’s other French Normandy homes because of it’s radically asymeterical main facade containing an unbalanced window plan, and extensive areas of uninterrupted stucco.  George Washington Smith created only a handful of French Normandy homes.

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4th of July in Santa Barbara!

July 3rd, 2015 · American Riviera, Santa Barbara Real Estate

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Variously known as the Fourth of July and Independence Day, July 4th has been a federal holiday in the United States since 1941, but the tradition of Independence Day celebrations goes back to the 18th century and the American Revolution (1775-83). In June 1776, representatives of the 13 colonies then fighting in the revolutionary struggle weighed a resolution that would declare their independence from Great Britain. On July 2nd, the Continental Congress voted in favor of independence, and two days later its delegates adopted the Declaration of Independence, a historic document drafted by Thomas Jefferson. From 1776 until the present day, July 4th has been celebrated as the birth of American independence, with typical festivities ranging from fireworks, parades and concerts to more casual family gatherings and barbecues.

What’s Happening in Santa Barbara this 4th of July?

It’s back! The City of Santa Barbara’s traditional Fourth of July celebration is back, better than ever!

Join us at the beautiful Santa Barbara waterfront along West Beach on Independence Day for an afternoon of food, music, fireworks, and fun for all ages.

3PM to 9PM
Festivities at the Santa Barbara waterfront, including favorite food vendors and a music variety show featuring local musicians hosted by John Palminteri.

9PM
Fireworks and music at West Beach, plus the return of the radio simulcast, courtesy of 92.9 KjEE.

Have a safe and Happy 4th of July!

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Santa Barbara “Live” Real Estate Statistics

July 3rd, 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 Homes Selling Above Asking Price

June 28th, 2015 · Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate

CNN Money June 2015    It’s true what they say: real estate is all about location. In some markets, buyers are getting homes at nearly half off the listing price, while properties in other markets are selling for far above asking.

On average, homes are selling at 82% of asking price nationwide, according to Daren Blomquist, vice president of RealtyTrac. Some areas in California are so hot that homes are going for more than 15% above asking. But in the Tampa, Fla., area, homes are selling for at an estimated 53% below the listing price.

Here’s are the top ten counties across the country rank in terms of sales that go far above asking price, according to RealtyTrac:

2TopTenSellingOverAskingSB2015

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Santa Barbara Summer Solstice

June 19th, 2015 · American Riviera, Santa Barbara Real Estate, Santa Barbara Realtors, Summer Solstice

2015SummerSolsticeSBPoster

The Santa Barbara Summer Solstice Celebration

2015 Parade Date: Noon Saturday June 20, State & Cota

Festival: June 19, 20 & 21, Alameda Park

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Sotheby’s International Realty Santa Barbara

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


Sotheby International Realty’s Santa Barbara Television Ad

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Santa Barbara Active Listings Market Trend

June 13th, 2015 · American Riviera, Carpinteria Real Estate, Goleta Real Estate, Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends, Summerland Real Estate

Inventory is dwindling and prices are rising. Scroll below to see “Live Graph” that depicts activity for your neighborhood. This graph was taken from the Santa Barbara Flex MLS Home Page on June 13, 2015 at 12 noon. Typically there is a lull here in Santa Barbara real estate around Memorial Day and all the various Graduation activities. We’re hopeful to see new inventory soon. This data covers southern Santa Barbara, from Carpinteria to Goleta.

June13th2015ActiveLIstingsSantaBarbaraMLSFlex

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Michael Jackson’s Sycamore Valley Ranch

June 13th, 2015 · Mark Lomas and Kirsten Wolfe, Montecito Realtors, Santa Barbara Real Estate, Santa Barbara Realtors

Michael Jackson’s Sycamore Canyon Ranch in Los Olivos is listed with Sotheby’s International Realty in Montecito, California for $100,000,000.  The property can be shown only to pre-qualified buyers.  This spectacular property resides on approximately 2700 acres. The main house is approximately 13,000 sq. ft., and there are several guest houses. Bill Bone built this home in 1982.

Wall Street Journal May 29, 2015: “The property does features 22 structures, including a six-bedroom main house complete with attached staff quarters, a four-bedroom guesthouse and an adjacent two-bedroom guesthouse. There is also a tennis court, basketball court, swimming pool and cabana and a 50-seat movie theatre. The Neverland Valley Train Station, featuring a clock tower with large floral clock, also remains, but while the railroad tracks continue to circle the property, the train itself no longer runs. In an effort to prevent giving open house tours to Jackson fanatics, the real estate companies  will conduct an “extensive prequalification” screening process. “Our seller is not encouraging a lot of showings,” The listing agents told the Wall Street Journal. “We’re not going to be giving tours.”

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How’s The Real Estate Market Doing?

June 12th, 2015 · Mark Lomas and Kirsten Wolfe

2AerialSBJune2015The inventory is dwindling and prices are rising.  This is a brief analysis, by Gary Woods of Sotheby International Realty, of the Santa Barbara Real Estate Market including Carpinterial, Summerland, Montecito, and Hope Ranch, downtown Santa Barbara, and Goleta through the month of May 2015. For the Single Family Home’s market sales remained strong for the month coming in with 127 closings up from the 95 we saw in April. The Median Sales Price rose to $1,280,000 up from the $980,000 we saw at the end of April while the days on the market for sold properties stayed stable at 52 from the 50 we saw the previous month.  The opened escrows stayed stable from 121 in April to 120 in May while the median list price on those escrows stayed steady at about $1.19 million from $1.17 million in April. There were about 145 new listings that came on the market in May with a median list price of approximately $1.195 million and an average list price of about $2 million with the overall inventory falling from 293 units for sale at the end of April to around 286 at the end of May.

Year over year sales are up about 12.5% with the median sales price up to roughly $1.13 million for a 2.5% rise. The average sales price is also up going from just over $1.67 million in 2014 to approximately $1.89 million in 2015 and the numbers of escrows are up about 19% to roughly 540 with the median list price on those escrows up about 1% to about $1.175 million

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Is the Santa Barbara Association of Realtors in a State of Crisis?

June 12th, 2015 · Santa Barbara Real Estate

How is the public suppose to know when a listing is a new listing when oftentimes on the Santa Barbara MLS it’s not? It’s the same listing by the same agent? How’s the public suppose to find a rental when most Santa Barbara Realtors do not cooperate with one another in violation of the MLS rules and regulations? This is not how it works elsewhere in California. How’s the public suppose to know how long a house has been on the market without checking that property’s MLS’s history. Why the deception? The California Association of Realtors has a radio ad that says, “Realtors adhere to a strict Code of Ethics!” If those ethics are not enforced do they become meaningless? What’s the Santa Barbara Association (Board) of Realtor’s responsibility? Who’s minding the store? Is the Santa Barbara Association of Realtors in a State of Crisis?

My concern is that the manipulation of the Multiple Listing Service rules affects the reputation of every Realtor here in Santa Barbara while creating a disservice to the Public.  The Santa Barbara MLS committee, the SBAOR’s director, and Board of Directors are enablers, and complicit in these deception. Why?

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