Santa Barbara Real Estate

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Santa Barbara Real Estate Statistics

July 22nd, 2017 · California Real Estate, Santa Barbara Real Estate, SB Real Estate Statistics

The average selling price for a single family home in Santa Barbara rose to 1.3 million dollars, a 6% increase compared to last year’s second quarter.

In Montecito, the number of single family homes sold increased 20% from 55 homes sold in the second quarter last year to 66 homes sold in the second quarter this year.

South Santa Barbara Real Estate Statistics for June 2017 (Carpinteria to Goleta)      Single Family Homes  Average sales price: $1,705,070 (-4%) * Median Sales Price: $1,287,000 (+7%) Condominiums Average Sales Price: $715,4222 (0%)  Median Sales Price: $645,000 (+8%)  * June 2017 Sales for single family homes sold: 158 (+26%) * June 2017 Sales for Condominiums Sold: 51 (+34%) Average Days on the market for single family homes: 76 days * Average Days on the market for condominiums: 61 days.  Total Sales: 209 for June 2017 (Data provided by Fidelity Title Company)

Will Robots Replace Realtors and change the Real Estate Industry?

Vacation Rentals Spark Controversy in Santa Barbara

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Jeff Shelton’s El Jardin in Santa Barbara

July 21st, 2017 · California Real Estate, Santa Barbara, Santa Barbara Homes For Sale, Santa Barbara Real Estate, Santa Barbara Realtors

Architect Jeff Shelton’s “El Jardin” at 819 Garden Street in Santa Barbara, California. A unique four bedroom four and one half bath mixed use property near the heart of downtown Santa Barbara. Jeff is also an eclectic artist whose whimsical creations have turned this property into a masterpiece. The property also offers a rooftop deck with amazing views overlooking Santa Barbara, the Pacific ocean, and Santa Ynez  mountains.  Asking price: $3,950,000

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495 Toro Canyon Road in Montecito, California

July 19th, 2017 · California Real Estate, Montecito Estates, Montecito Homes For Sale, Montecito Luxury Properties, Montecito Realtors

Open House Sunday July 23, 2017 from 1-4 pm

This enchanting gated estate, on 2+/- acres in magical Toro Canyon, is where chic luxury meets coastal casual. Its main residence is a refined yet uber-comfortable (nearly 4,000 sq. ft.) California farmhouse. This amazing property shares the grounds with a pair of guest cottages that are all set amidst native and tastefully introduced landscaping. Sandstone paths meander through luxuriant foliage, with a canopy of palm, oak and eucalyptus trees beside a seasonal creek, opening here and there to delightful ocean and island vistas. This showcase home is equally suited to enjoying family, and entertaining guests.  Captured here is the essence of California coastal living.

NEW PRICE: was  $4,395,000  now $3,975,000

• 4 Bedrooms  4 Full Baths • Built in 2012 • 2 +/- acres (approx.) • 3,836 sq’ (approx.) * For Private Tour contact us at 805.845.2888

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Santa Barbara Average and Median Price Trends

July 17th, 2017 · Santa Barbara, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

This chart reflects the “Average” and “Median” price trend for southern Santa Barbara real estate sales for the last 27 years. This price trend reflects all the communities from Carpinteria up through Goleta. The “Average” sales price is calculated by adding all the sales prices and dividing that number by the number of properties sold.  The “Median” sales price means that exactly half of the homes listed are above this price, and exactly half are below.  The problem with the “Average” sales price is that if one or more properties were sold at an extraordinarily high or low price, the average is skewed higher or lower as a result and then becomes an unreliable metric.  Chart provided by Fidelity Title Company of Santa Barbara, California. Click on image to enlarge.

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1570 Bolero in Montecito Open 7.23.2017

July 16th, 2017 · California Real Estate, Montecito Homes For Sale, Montecito Real Estate, Montecito Realtors

1570 Bolero Drive in Montecito will be open this Sunday from 1 to 4pm. July 23, 2017.  Offered at $3,975,000.  Casually elegant single level home. Close to the Montecito Upper Village with spectacular mountain views.  Close to world renowned San Ysidro Ranch as well as local hiking and biking trails.  Easy living open floor plan that takes advantage of the indoor outdoor lifestyle of Santa Barbara/ Montecito. French doors, high ceilings, wood floors, and abundant natural light.

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Santa Barbara Real Estate Market Trends

July 15th, 2017 · Santa Barbara, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

Santa Barbara real estate Market Trends from January 2013 to June 2017 for the number of sales for that month. This graph was created by Fidelity Title Company of southern Santa Barbara covering the communities of Carpinteria to Goleta (southern Santa Barbara). The market is appears to be on the rise!

Click on image to enlarge.

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Virtual Reality and Real Estate

July 10th, 2017 · 3D Home Tours, California Real Estate, Montecito Realtors, Real Estate News

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Practicing the fine art of Real Estate

July 7th, 2017 · California, California Real Estate, California Realtors, Santa Barbara Real Estate

Painting by local Santa Barbara artist Chris Potter

Forecast: California Home Prices to Grow by 10 Percent Through 2018

California home prices rose by 5.8 percent year over year in May and are projected to grow by 9.7 percent by next spring. U.S. rents rose by 3.1 percent on an annual basis in May, further eroding affordability. Although home values throughout most of the California are currently considered normal, most are projected to be overvalued by 2022.
Golden State homes should appreciate at almost double the national rate by next spring, though price growth and increasing rental costs do not bode well for affordability. CoreLogic’s latest Home Price Insights report says that U.S. home prices rose by 6.6 percent from May 2016 to May 2017. California home prices grew by 5.8 percent in that time period.

Single-family rent inflation grew by 3.1 percent year over year in May, a reflection of constrained housing inventory and yet another obstacle for those hoping to enter the housing market while mortgage rates remain historically low.  Housing affordability is already a national problem, dropping to a near nine-year low in the second quarter, according to a recent report from ATTOM Data Solutions. That analysis said that home prices grew faster than wages on an annual basis in 87 percent of U.S. housing markets
California’s affordability problem is unlikely to improve in the coming year if CoreLogic’s forecast is accurate. The HPI calls for 9.7 percent home price appreciation through May 2018, compared with 5.3 percent appreciation nationwide.

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Santa Barbara “Live” Real Estate Statistics

July 6th, 2017 · Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends, SB Real Estate Statistics

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
real-time real estate market research  
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The Fourth of July

July 4th, 2017 · 4th of July, American Riviera, Santa Barbara Real Estate

The Fourth of July—also known as Independence Day or 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. On July 2nd, 1776, the Continental Congress voted in favor of independence, and two days later delegates from the 13 colonies adopted the Declaration of Independence, a historic document drafted by Thomas Jefferson. From 1776 to the present day, July 4th has been celebrated as the birth of American independence, with festivities ranging from fireworks, parades and concerts to more casual family gatherings and barbecues. Be safe, be well, have a great 4th of July!

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