Santa Barbara Real Estate

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Montecito Mudslides, Before and After

January 13th, 2018 · Montecito Real Estate, Neighborhood News, Real Estate News

After intense rains triggered mudslides in Montecito that swept away buildings and inundated roads, DigitalGlobe, a satellite imagery company, released images showing the extent of the destruction reported the Washington Post. Go to the link provided here for an interactive experience where sliding the vertical bar left or right will create the before and after effect.

Digital Globe Satellite Imagery Montecito Mudslides

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Ellen and Oprah

January 12th, 2018 · Real Estate News

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How to Help

January 12th, 2018 · Real Estate News, Santa Barbara Real Estate

The United Way of Santa Barbara County has joined forces with United Way of Ventura County to directly support those individuals and families affected by the Thomas Fire. Nonperishable food, new clothing, toiletries, and monetary donations are being accepted at the agencies listed below. Used clothing, bedding, and toys are not being accepted.

. United Way of Santa Barabra County: Monetary donations are accepted at www.unitedwaythomasfirefund.org or text “UWVC” to 41444.

. American Red Cross: Monetary donations are accepted at www.redcross.org or by texting “redress” to 90999.

. Foodbank Santa Barbara County: Nonperishable food and fresh produce are accepted in Santa Barbara at 4554 Hollister Ave., 1525 State St., and 490 W. Foster Road in Santa Maria. Santa Barbara Foodbank

Salvation Army: Unopened and canned food monetary donations are accepted at 423 Chapala St., Santa Barabra. Salvation Army Santa Barbara

Unity Shoppe: New clothing, shoes, blankets, toiletries and monetary donations are accepted at 1219 State St.  Unity Shoppe

The firefighters greatly appreciate that the community wants to make donations of food, clothing, and money, but they want the community to know that they are adequately taken care of and ask that you donate to disaster relief organizations such as the American Red Cross, local food bank, etc. United Way of Santa Barbara County is also a lead agency for the region accepting cash donations.

The United Way has assured that 100% of proceeds tot he Thomas Fire Fund go directly to a strategic partnership that will be vital in helping the community recover. Recipients include the residents of the homes and apartment buildings that are destroyed by the fire and the people who are being temporarily housed at local shelters.

If you are wanting to financially support the incident, please be advised that individuals often take advantage of the situation by setting up false GoFundMe websites and other types of fundraising accounts that are not legitimate. If you are interested in donating to help in an incident, call and verify that the beneficiary is authentic.

This information was gathered from the Montecito Journal

Montecito Destruction Map

Image from Montecito Fire Department website

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The Thomas Flood & Mudslides ABC News

January 11th, 2018 · Santa Barbara Real Estate

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Montecito Surf Shack sells for $3,850,000

January 7th, 2018 · Montecito Homes For Sale, Montecito Real Estate, Montecito Realtors, Santa Barbara Real Estate

Mansion Global reported on Twitter that Walt Disney’s great nephew Tim Disney has purchased a Montecito beach property that would look at home in a Pixar movie. The unique surf shack, which sold for $3.85 million, formerly belonged to Green Day bassist Mike Dirnt.

Image LA Times LA Times Article

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2018?

January 6th, 2018 · California, Real Estate News, Santa Barbara Real Estate

Though no one has a crystal ball as to what the future may foretell there are many real estate industry experts that are making predictions as to what the 2018 real estate market might look like. The following predictions have been collected from Housingwire.com and Realtor.com:

Housingwire.com suggests that there will be major shifts moving into 2018, including an ease in the housing inventory shortage. Realtor.com predicts an increase in home prices, and a modest acceleration of home sales. Freddie Mac suggests that, “home sales are expected to increase slightly in 2018 as new home sales take over the market.”

However, most experts are still unsure what the impact will be from the new Tax Reform legislation recently passed will be. 

Here are Realtor.com’s six major predictions for the housing market in 2018.

1.Home price appreciation: Home prices are expected to rise 3.2% next year. This slower rate of increase will allow for home sales to pick up in 2018

2.Mortgage Rates: Mortgage rates are expected to average 4.6% throughout the year, but reach 5% for the 30 year fixed mortgage by the end of the year.

3.Exisiting Home Sales: Existing home sales are forecasted to rise 2.5% as the trend in low inventory begins to reverse course.

4.Housing Starts: Even as existing home sales increase new home sales will increase even more, meaning housing starts will also rise. Overall, housing starts are predicted to rise 3% over the year, but single family home starts will increase 7%.

5.New Home Sales: These will increase at the same rate as housing starts, rising 7% year over year in 2018.

6.Homeownership Rate: The homeownership rate will stabilize at 63.9% after having hit bottom in the second quarter of 2016.

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CBS News: Real Estate Booming!

January 2nd, 2018 · California Real Estate, Real Estate News, Santa Barbara Real Estate Market Trends

Broadcast December 28, 2017

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Are you a Millennial that wants to buy a Home?

December 30th, 2017 · Santa Barbara Real Estate

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Santa Barbara Fire Update – Good News!

December 29th, 2017 · California Real Estate, Santa Barbara, Thomas Fire

GOOD NEWS! December 29, 2017

On December 21, 2017 all evacuation notices (mandatory and voluntary) were lifted pertaining to the Thomas Fire (now the largest Wildfire in California’s history) that began on December 4, 2017.  Only 3 homes were destroyed in Montecito thanks to the amazing efforts by firefighters, and according to KSBY 12 homes were destroyed by the fire in community of Carpinteria. Most of the homes and structures reported on the news destroyed by the fire occurred in Ventura County.

For the past week Santa Barbara has experienced blue skies and breathable air. As of today the fire is 91% contained. What’s left of the fire is on the backside of the Santa Ynez mountains that’s visible to planes flying in and out of Santa Barbara. It appears we’ve turned a significant corner on December 21, 2017. Most of the firefighters from out of the area that came to help have returned home. At one time there were almost 8000 firefighters here with that number dropping to around 1500 at present.

By appearances Santa Barbara has returned to normal. People that had evacuated have returned. Schools reopen on January 2nd. Signs have popped up all over thanking the firefighters.  People are out and about shopping, hiking, and frequenting their favorite restaurants. Much thanks goes out to the firefighters and first responders that made this all possible. On a humorous note, an Adult Store (XXX) on State Street has a sign out that reads 30% off for First Responders.

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The Tax Reform Act affect on Real Estate

December 26th, 2017 · Santa Barbara Real Estate

What’s the affect of the new Tax Reform Act on Real Estate?  Congress has passed a sweeping tax bill that will affect almost every American. In addition to changing tax rates and deductions, these new rules affect a wide variety of personal and business activity. The National Association of Realtors has compiled a summary of provisions of interest which may be of relevance to you. The top link below is from NAR, the link below that is from Business Insider, and at bottom the link is from Bloomberg News.

The Tax Cuts and Jobs Act – What it Means to Homeowners

Business Insider:  Blue States may be more Impacted by New Tax Reform Act

Bloomberg News: Tax Reform Watch

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