Santa Barbara Real Estate

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Santa Barbara Real Estate Statistics

October 16th, 2017 · Santa Barbara Homes For Sale, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

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502 Picacho Lane in Montecito, California

October 13th, 2017 · California Real Estate, Montecito Homes For Sale, Montecito Real Estate, Montecito Realtors

Open this Saturday from 12 to 4 and Sunday  from 1 to 3pm

This four bedroom home can be found on one of Montecito’s most prestigious streets. This remodeled Mediterranean style home resides on approximately one acre and offers wonderful mountain views. Other amenities offered are a pool with an in-pool spa, multiple terraces, built in BBQ, and spacious lush garden areas. Located near Montecito’s Upper Village. Offered at: $4,250,000

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Montecito, a Celebrity’s Paradise

October 9th, 2017 · Montecito Homes For Sale, Montecito Luxury Properties, Montecito Real Estate, Montecito Realtors

One time Montecito Home of Monty Python’s John Cleese

Montecito is a Celebrity Paradise That’s Surprisingly Under the Radar. Hillside homes in this Santa Barbara community area have to-die-for views and lots of space for running around!  By Claire Carponen  Originally published on October 07, 2017 on Mansion Global / The Wall Street Journal. 

The secluded hillside estates in Montecito, which lies 80 miles west of Los Angeles, between the Pacific Ocean and the Santa Ynez mountains in California’s Santa Barbara County, are a paradise for Hollywood stars and the super rich who want to live in splendid isolation.  Chic, yet somewhat under the radar, the area has a mellow vibe, with sun-drenched tranquil beaches, a Mediterranean climate and a beautiful natural setting that draws comparisons with the South of France and Tuscany.

Montecito’s eight square miles have two parts: the Upper and Lower villages. Hot Springs Road lies on the western edge, the Pacific Ocean to the south, Ortega Ridge to the east and just beyond East Valley Road to the north. The coastline starts from Fernald’s Point in the east and ends at Butterfly Beach in the west.

The area north of East Valley Road and between Hot Springs Drive in the west and Buena Vista in the east is known as the Golden Quadrangle. This area, generally speaking, has some of the area’s most expensive real estate. Set into hillsides, many properties have panoramic views of the ocean and acres of land. Montecito has many charming white stucco homes in Spanish colonial/Mediterranean and Cape Dutch style. The former features red-tiled roofs and the latter is characterized by a central dormer gable.
Located by the beach and nestled in the hills, homes in Montecito are large and widely spaced, which create an open feel, and sit on large pieces of land. It has classic old estates, some older ranch-style homes, cottages and a few contemporary homes. Some of the most beautiful homes are located in the hills above the coastline. They feature panoramic views and come with acres of land, lots of living space, swimming pools, guest houses and other outbuildings.

Home to Mediterranean-style architecture, beautiful scenery and year-round sunshine, Montecito is about as idyllic as you can get. But its location is the prime reason why it has become a second-home hotspot and a magnet for celebrities.   Montecito is a five-minute drive from the Santa Barbara’s main street, State Street, and Los Angeles is less than 90 minutes away by car. Despite its celebrity credentials, the area has a low-key and understated ambience. Famous types are often spotted shopping and walking around the villages and nobody bats an eye. For the whole article visit: Montecito, a Celebrity Paradise

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Santa Barbara Architectural Tour 2017

October 7th, 2017 · Neighborhood News, Santa Barbara AIA Architec Tour, Santa Barbara Real Estate

AIA Santa Barbara presents 2017 ArchitecTours: Living with Water
Saturday October 7, 2017
10.00 am – 4.00 pm Self-Guided Tour
4.00 pm – 6.00 pm Tour Party
Every year, on the first Saturday in October, AIA Santa Barbara hosts ArchitecTours, a self guided tour and celebration of local architecture and local identity. This year’s tour will celebrate “Living with Water.” Our community benefits not only when water is managed as a limited resource, but also when water creates a multi-sensory experience within a structure, in a landscape or in a vista. It is the goal of this year’s tour to demonstrate how water can be successfully integrated into the built environment. The six sites on the tour showcase the depth of knowledge and expertise of AIA architects in urban design, sustainability, accessibility, structural improvements, building materials, and historic renovation. Making architecture more accessible to the public, the tour offers a rare opportunity for a behind-the-scenes look at these exceptional properties. Tour participants will observe first-hand how architects transform ordinary spaces into customized environments using a variety of design solutions, and be inspired on how to embrace water conservation and management in their homes.

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Hidden Treasures of Santa Barbara

October 5th, 2017 · American Riviera, California Real Estate, Santa Barbara Real Estate

There’s no such thing as locals only in Santa Barbara–provided you know all of the city’s hidden treasures, secret trails, backwater pubs and bars, and neighborhood gems. If you’re looking for a place to call home it’s hard to beat the sunshine, Spanish architecture, and the flower-lined streets with mountains looming in the distance, not to mention its proximity to Southern California’s wine country.

But there’s more to the city than beautiful landscapes, beach days and college-town funkiness (as if that weren’t enough already!) Santa Barbara packed with things to do, and if you know where to look, a few unusual sights. Here’s our top spots for intrepid vacationers and aspiring locals.

The Book Den
This shop might as well be a California institution. Originally founded in 1902, the Book Den is one of the oldest bookstores in the state. Although the store moved from Oakland to Santa Barbara in 1933, the store kept up with a wide selection of books, and it continues to stock new, used, rare and out-of-print books today.

Lotusland
A 36-acre botanic garden established by a rather eccentric opera singer and socialite, Lotusland boasts 20 miniature themed gardens, topiaries and a variety of plants grown nowhere else in the U.S. The gardens are well worth an afternoon’s tour—and don’t forget to visit the butterfly garden.

Cold Spring Tavern
Founded 1886, the Cold Spring Tavern was formerly a stagecoach stop known as the Cold Spring Relay Station. The 100-plus year old restaurant has been serving home-style meals to travelers tired from the road since its founding. These days, though, its clientele come for the Tavern itself, a well-preserved and cozy restaurant that’s been known to host a few celebrities now and again. If you happen by on a Saturday or Sunday, be sure to try their famous tri-tip sandwiches.

Knapp’s Castle
A favorite hiking destination for locals, Knapp’s Castle was formerly the mansion of a chemical magnate, before a fire leveled the building down to a maze of stone fireplaces and ruins. The area’s prime position in the Santa Ynez Mountains have made the derelict house a perfect spot to stop and watch the sun set. For a day’s hike, you can pick up Snyder Trail in the nearby Los Padres National Forest and hike it to the Castle for a view.

La Cumbre Peak
If you’re looking to scale every summit in Santa Barbara, you’ve probably heard of Inspiration Point. But it’s just the tip of the iceberg (or mountain). La Cumbre Peak stands at 3,997 feet, towering over the Santa Ynez Mountains. From La Cumbre’s gorgeous summit, you can continue on to Cathedral Peak trail for a challenging boulder hop and climb. Even if you’re not much for hiking, you can access the Peak’s gorgeous view via car.

Butterfly Beach in Montecito
If you plan on venturing outside of Santa Barbara into the county, you’ll find no better beach to visit than Butterfly Beach in Montecito, a gorgeous and lesser known stretch of sea and sand.

Post by Guest Author Nicholas Wineland :  nick.wineland@zogmedia.com Photo collage of Santa Barbara’s State Street, the Wave House, the Marina, Rincon, Montecito Coast Village Road, and view of the Harbor/Wharf from the hills of the Santa Barbara Riviera.

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Mortgage Lenders Easing Credit Standards

October 4th, 2017 · Montecito Homes For Sale, Mortgage Information, Santa Barbara Homes For Sale, Santa Barbara Real Estate

More Mortgage Lenders are easing credit standards.  Shrinking demand and profits are causing more lenders to ease their mortgage underwriting standards in the wake of a highly competitive business environment.
A Fannie Mae report says that the number of lenders who report relaxing credit standards over the past three months has been steadily climbing since the end of 2016 and reached a three-and-a-half-year high in the third quarter. Lenders’ profits remained in the red for the fourth consecutive quarter, with increased competition from other lenders cited as the primary reason.

Easing lending standards could be a blessing for Americans who are on the verge of being able to qualify for today’s still low mortgage rates. Thirty-year, fixed-rate mortgages averaged 3.83 percent for the week ended Sept. 28, according to the latest numbers from Freddie Mac, unchanged from the previous week.  Santa Barbara Image by Technopanorama

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4200 Marina Drive in Hope Ranch

September 29th, 2017 · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Realtors

4200 Marina Drive in Hope Ranch, Santa Barbara, California. Offered at $4,650,000. An incredible opportunity to remodel or build anew an incredible estate on approximately 3.5 + acres. This one of a kind equestrian property offers ocean views, a mostly level lot, and is contiguous to 22 miles of horse trails. www.4200MarinaDrive.com

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Real Estate News You Can Use

September 25th, 2017 · California Real Estate, Montecito Homes For Sale, Santa Barbara Homes For Sale, Santa Barbara Real Estate

MODEST HOME SALES, PRICE GAINS EXPECTED NEXT YEAR
The national housing inventory crunch is not expected to ease in the coming year, though more new homes should help spur a slight uptick in sales.
In its 2018 Outlook, Freddie Mac projects 6.30 million home sales in 2018, up from an expected 6.18 million this year, which would be the most in a decade. That 2 percent increase will largely be driven by sales of new homes, as sales of existing homes are unlikely to grow due in part to aging-in-place trends.

Freddie Mac expects home price growth to cool slightly next year, from a projected 6.3 percent in 2017 to 4.9 percent. Those projections line up almost exactly with the latest numbers from economists at John Burns Real Estate Consulting, which predicts 6.0 percent appreciation this year and 4.9 percent next year.

Both Freddie Mac and JBREC also have identical projections as to where 30-year, fixed-rate mortgages will be by the end of 2018: 4.4 percent. Freddie Mac projects that rising interest rates will cause refinancing activity to decline to 25 percent of the market by next year, its lowest level since 1990.

MORTGAGE RATES RISE AFTER PROLONGED DECLINES
Mortgage rates have risen for the first time in seven weeks, and more increases are likely on their way later this year.

Freddie Mac says that 30-year, fixed-rate mortgages averaged 3.83 percent for the week ended Sept. 21, up from 3.78 percent the previous week. Fifteen-year, fixed-rate mortgages also saw a 0.5 percent weekly increase, rising to 3.13 percent.

While mortgage rates remain low by historic standards, the Federal Reserve signaled last week that it would raise interest rates one more time in 2017, most likely in December.

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Santa Barbara Real Estate

September 21st, 2017 · California Real Estate, Santa Barbara Real Estate, Santa Barbara Realtors

Santa Barbara Real Estate statistics provided by Fidelity Title Company covering the communities of Carpinteria, Montecito, Santa Barbara, the Mesa, Hope Ranch, and Goleta. This is the year to date data through August 2017. Tap or Click on image to enlarge for better viewing.

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Santa Barbara “Live” Real Estate Statistics

September 19th, 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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