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Entries from October 28th, 2016

Santa Barbara Real Estate Market Highlights

October 28th, 2016 · No Comments · Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

According to the Santa Barbara Multiple Listing Service, in the third quarter of 2016, Santa Barbara saw average sales prices increase 17% from $1,080,000 in 2015 to $1,300,000 in 2016.  However single family homes sold decreased from 235 in 2015 to 215 in 2016. In Montecito, the average sales price decreased by 24% from $3,800,000 […]

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Sotheby’s International Realty beats Zillow and realtor.com to 3-D

October 25th, 2016 · No Comments · 3D Home Tours, California Real Estate, Hope Ranch Realtors, Montecito Realtors, Santa Barbara Realtors

Kirsten Wolfe enjoying 3-D Home Tours of properties in Santa Barbara, San Francisco and New York Sotheby’s International Realty’s listing pages now can embed 3-D home tours. The real estate franchisor added models to listing pages for 1,000 properties. Mansion Global also now supports 3-D tours, and Sotheby’s listings on the luxury property search site […]

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Santa Barbara Real Estate Market Trends

October 25th, 2016 · No Comments · Hope Ranch Homes For Sale, Montecito Homes For Sale, Santa Barbara Homes For Sale, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

Santa Barbara Real Estate Market Trends through September 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 most recently peaked based on the number […]

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How The Election Could Affect Real Estate

October 21st, 2016 · No Comments · Hope Ranch Real Estate, Montecito Real Estate, Real Estate and Politics, Santa Barbara Real Estate

         When the presidential election is over, one thing is fairly certain: there will be some changes to interest rates, affecting stocks, bonds, and mortgage rates. We know something will happen; we’re just not sure which way things are going to go. Historically, rates generally drop after a Democrat is elected, according to Freddie Mac […]

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What’s Your Home’s Value?

October 17th, 2016 · No Comments · Hope Ranch Realtors, Montecito Realtors, Santa Barbara Real Estate, Santa Barbara Realtors, What's My Home Worth?

  It’s a common problem in real estate: Owners’ estimates of home values rarely match the estimates of professional appraisers.A just-released report from Quicken Loans found that home appraisals nationwide  were an average of 1.56 percent lower than the values expected by homeowners seeking to refinance a mortgage If you’re looking to sell your home, […]

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Misleading News About Mortgage Rates?

October 14th, 2016 · No Comments · Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Warning! Get ready for a wave of misleading news about mortgage rates! We are bombarded by info about mortgage rates. You can’t even listen to the radio for long these days without hearing an ad imploring you to “refinance now, as rates have turned lower.”Here’s the problem: Much of the general rate information reported to consumers […]

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