Santa Barbara Real Estate

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The Real Estate Scene

September 18th, 2014 · No Comments · American Riviera

Here’s is a collection of recent Santa Barbara real estate snippets from various local sources defining the Santa Barbara Real Estate scene:

Montecito Journal: “One of the largest and most historic properties in Montecito has just come on the market.  The 237 acre estate known as Rancho San Carlos has a 30,000 square foot, 1931 Reginald Johnson designed Monterey Colonial main house with 10 bedrooms and 10 full baths and is listed for $125,000,000. (MJ September 11-18, 2014)

Montecito Journal: “Two brand new Coast Village Road condos will be listed at the end of this month.  The condos are roughly around 2000 square feet, and are part of a mixed use building owned by developer Alberto Valner.  The condos features two levels with a third floor access to a private rooftop with views of the ocean and mountains.  The asking price will be in the mid $2 million dollar range. (MJ September 11-18, 2014)

 Casa Magazine:  From the Santa Barbara Board of Realtor’s President, Ed Fuller, “Median Sold Price in August near Monthly Record!”  The highest monthly median sold price for single family homes in the Santa Barbara Metro Area (Southern SB) was $1,472,500 in September of 2005.  This August the median Sold Price was: $1,472,500 jumping 25% from July’s $1,178,500. The median price, meaning half the  homes sold were more expensive and half were less expensive, can be skewered upward with a higher number of more expensive homes sold, and may not indicate a rise in overall price levels. (September 5, 2014)

Santa Barbara Courthouse  Aerial Imagery by Santa Barbara’s TechnoPanorama


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