Santa Barbara Real Estate

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Entries from July 25th, 2016

Turning the Key on Mortgage Rates

July 25th, 2016 · No Comments · Mark Lomas and Kirsten Wolfe, Mortgage Information, Santa Barbara Real Estate

When the Feds lowers the federal funds rate, lenders can finance home loans more cheaply. As a result, they can reduce the interest rates they charge for a fixed rate mortgage. In recent years, the Fed has kept the federal funds rate low in an attempt to stimulate the housing market.  Basically, the Fed is […]

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Santa Barbara Real Estate Market Trends 2016

July 22nd, 2016 · No Comments · Mark Lomas and Kirsten Wolfe, Market Conditions, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

Santa Barbara Real Estate Market Trends through the 2nd Quarter for 2016. This graph was prepared by Fidelity Title Company in Santa Barbara. This year is reflected by the thicker purple line with diamonds. The green line reflects 2015, where in May of 2015, it appears the southern Santa Barbara real estate market peaked based on the number […]

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Days on the Market Increasing

July 21st, 2016 · No Comments · Hope Ranch Homes For Sale, Montecito Homes For Sale, Santa Barbara Homes For Sale

Somewhere on Debra Drive in Santa Barbara * Offered at $2,295,000 * Great Micro Climate and Ocean Views! In regards to average days on the market increasing in the southern Santa Barbara real estate market, by most accounts, the market continues to strengthen.  However there is one statistic that would indicate the market is beginning […]

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Santa Barbara Real Estate Humor

July 17th, 2016 · No Comments · Santa Barbara, Santa Barbara Homes For Sale, Santa Barbara Real Estate

“Not for the comedically challenged or humor impaired!” Share this:

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Montecito “Heat Index” 2nd Quarter 2016

July 17th, 2016 · No Comments · Market Conditions, Montecito Homes For Sale, Montecito Real Estate, Montecito Realtors

In this week’s Montecito Journal Michael Philip’s “Heat Index” article gave an excellent overview of the real estate market here in Montecito.  The graph here compares number of sales for 2016 vs. 2015 for the 2 quarter. Click on the image to enlarge it. For more information on the pace and trends of the Montecito […]

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Fiesta! “Old Spanish Days” in Santa Barbara!

July 11th, 2016 · No Comments · Fiesta in Santa Barbara "Old Spanish Days", Hope Ranch Realtors, Mark Lomas and Kirsten Wolfe, Montecito Realtors, Santa Barbara Realtors

“Old Spanish Days” is Santa Barbara’s largest celebration and one of the top regional festivals in the United States.  It is expected to attract more than 100,000 people this year, making it one of the biggest to date. This year “Fiesta!” will take place in various locations around the city  August 3rd through the 7th. This […]

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Real Estate News You Can Use

July 8th, 2016 · No Comments · Hope Ranch Real Estate, Montecito Real Estate, Real Estate News, Santa Barbara Real Estate

For The Real Estate Curious….  Foreign Buyers Pull Back from U.S. Housing Market California realtors and others in the housing industry have hoped recent turmoil in the global economy would boost foreign interest in U.S. real estate. New figures suggest the opposite is likely. Purchases of U.S. residential real estate by foreigners who aren’t residents of the […]

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Southern Santa Barbara Market Trends

July 5th, 2016 · No Comments · Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Follow the purple line for 2016. Data reflects “Sold Homes” for that month in Southern Santa Barbara. This includes the communities from Carpinteria to Goleta. Data provided by Fidelity Title Company in Santa Barbara. Median Sales Price for Southern Santa Barbara July 2015 to June 2016 (Trulia) Share this:

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4th of July in Santa Barbara!

July 2nd, 2016 · No Comments · 4th of July, Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Here’s “What’s Happening” in Santa Barbara this Fourth of July! The annual 4th of July Village Parade in Montecito starts at 11:30am in Manning Park. There will be plenty of Food and Music! The Parade is a celebration of community and patriotism.  At 7:30am  there is a “Pancake Breakfast” at the San Ysidro Firehouse (805.969.2026). […]

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Good Fences Make Good Neighbors

July 1st, 2016 · No Comments · Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

 “Somewhere in Santa Barbara?” Forbes magazine reported that in 2010 Oracle’s Larry Ellison sued his neighbors, whose trees were blocking his view of San Francisco Bay. The neighbors tried to obtain landmark status for the trees. Ellison hired a Tree Attorney and reportedly offered to buy their house. They settled out of court. David Geffen […]

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