Santa Barbara Real Estate

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Santa Barbara International Film Festival

January 23rd, 2015 · Santa Barbara Film Festival

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Santa Barbara’s 30th International Film Festival Web Site

 

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Montecito Approves Miramar Hotel Project

January 22nd, 2015 · Mark Lomas and Kirsten Wolfe, Miramar Hotel, Montecito Real Estate, Montecito Realtors

KEYT  reported today that the Miramar Hotel project resolved some parking issues before the Montecito Planning Commission voting 3 to 2 to give the project the green light. Members of the Commission received a 5,000 page document that describes the 170 room hotel with valet parking, a private membership club, a public beach, and a banquet hall.  The story poles viewed from 101 can come down. Developer Richard Caruso has been in an eight year battle over the project. Possibly, the Miramar Hotel could be “up and running” by 2017.

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In 2014 this was a reconfigured proposal for the Miramar Beach Resort and Bungalows (may not reflect the final outcome)

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Buy Now? Or Later?

January 21st, 2015 · Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate

Visit NBCNews.com for breaking news, world news, and news about the economy

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Santa Barbara Real Estate Market Trends

January 16th, 2015 · Market Conditions, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

Graph provided by Fidelity Title Company Santa Barbara

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Covering the communities from from Carpinteria to Goleta

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Welcome to the American Riviera

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

The American Riviera from Mark on Vimeo.

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Santa Barbara Online Weekend Open Houses

January 15th, 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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Home Buyers Optimistic for 2015

January 13th, 2015 · Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Here’s an update on housing trends.   Or, more precisely, here’s an update on what people think the trends will be. Despite having no objective way to know the future – and despite  an apparent disregard for the reality that housing hasn’t been a great investment over the long run – people are constantly changing their opinions about long term trends. And lately, they’ve become somewhat more optimistic.

Since 2003, Dodge Data and Analytics has asked, “On average over the next 10 years, how much do you expect the value of your property to change each year?”  In 2004, a boom year, the average answer was 12.6 percent, but in succeeding years the figure began to decline, bottoming at 4 percent in 2012.   The expected gain rose to 4.2 percent in 2013,   and 5.5 percent in mid 2014.

These expectations are hardly wild: If inflation ran at 2 percent a year, the Federal Reserve’s target, the expected appreciation in housing would be an inflation corrected 2 percent to 3.5 percent a year.  So, at the moment, there is no evidence of a real estate bubble.

One wild card in housing prices is the future of the mortgage interest tax deduction.  While it’s beloved by many taxpayers, it may not last – and if it doesn’t, short term trends could be affected.

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Fly Fishing and Selling Real Estate

January 9th, 2015 · Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate, Tips For Sellers

” A Fisherman’s Guide to Selling Real Estate!”

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The first time your fly hits the water will be the most productive cast if you do it right.  When you list a house drop it into the market carefully.  The initial presentation of the fly or the house will be the most productive if you do it right.

     Sometimes, it’s just best to just observe a pool for a while before presenting your fly.  If you introduce the right fly properly, those milling trout will often rise to it and make a solid hit.  But, introduce a fly too large, too small, or the wrong shape or color or one’s that’s ragged, the fish will be turned off, sometimes for the rest of your day.
     When you list a house for sale, take some time before putting it on the market.  Try and get the price right for the type of buyers you are trying to attract.  Make sure the owners make the house look as sharp as they can.
     Then put the house on the market with some finesse or flair – don’t just lay it out there.  When a house first hits the market, those buyers that are the most qualified (those who have looked over all the other homes and rejected them for one reason or another) will rise to your properly priced and presented listing.  And, if they strike, they’ll strike with a firm offer in order to beat the others.
     Over price it or introduce it with faults uncorrected and it’s likely to settle to the bottom after a time and become, “Oh, that house!”
     The statements “Your first offer will probably be your best offer” and “Offers come in pairs” are explained by this analogy.
     When a fish sees a new fly properly presented, it will hit hard and clean (make a high and firm offer).  When one fish starts to move towards the new fly, another is likely to see the action and start moving in for a strike as well (two offers).
     But, walk up to the pool and flog it with your number 4 June Bug, and you will spoil your water.  Put your shabby bungalow on the Multiple Listing Service at 15% over market, and you will have spoiled your buyer’s pool as well.
      There’s an old saying in real estate sales, “There’s nothing wrong with any property that the right price can’t fix.”  And, if you read between the lines it would suggest getting it “RIGHT” the first time around for the best result.  Why? Because the digital/online history of your home for sale tells a story.  And, with time, the story might suggest that there is something wrong with the asking price, or house. 
” A Fisherman’s Guide to Selling Real Estate” by Mark Lomas   
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Santa Barbara “Live” Real Estate Statistics

January 5th, 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 Ranked Number 11

January 4th, 2015 · American Riviera, Carpinteria Real Estate, Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate, Summerland Real Estate

This video reflects the latest Home Listing Report that ranks the most expensive cities in the U.S. to buy a home.  Santa Barbara comes in as the 11th most expensive community to buy a home with an average sales price of $1,040,826.

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