Tag archives: condos

Montecito Market Update
By Kelly Mahan Herrick   |   December 14, 2021

As we head into the holiday season, the Montecito real estate market has slowed considerably; as of press time there have been just 39 sales so far in Q4, compared to 99 sales in the same time period last year. Q3 saw a slowdown as well, with 82 sales from July through September, compared to […]

Mid-Year Santa Barbara Market Update
By Kelly Mahan Herrick   |   August 5, 2021

The Santa Barbara County real estate market continues to be a strong seller’s market, with 823 homes sold in the South County (which includes Carpinteria to Goleta, and includes Montecito and Hope Ranch) the first half of the year, which is a 54% increase over last year. In a pre-pandemic year, that number would hover […]

2021 First Quarter Recap: Housing Market Simply Staggering
By Kelly Mahan Herrick   |   May 6, 2021

The real estate market in Santa Barbara and surrounding areas continues to be stronger than ever, with the first quarter statistics confirming that sellers currently have the advantage over buyers. With staggeringly low inventory, and an influx of out-of-town buyers adding to our already strong local buyer pool, home prices are at an all-time high.  […]

Real Estate Snapshot
By Kelly Mahan Herrick   |   June 25, 2020

Montecito Market Update Real estate transactions in Montecito have been steadily increasing over the last two months, reflecting an influx of out-of-town buyers flocking to purchase in the 93108 zip code since the COVID-19 pandemic shutdown began mid-March. The last few weeks have been incredibly active, with 28 homes going into escrow in Montecito since […]

Montecito & SB Real Estate Update Amid Covid-19
By Kelly Mahan Herrick   |   March 26, 2020

It goes without saying that the last few weeks have been a tumultuous time for everyone, and the global pandemic and associated social distancing and quarantines have had far reaching consequences for nearly every type of trade or commerce. The local real estate market in Santa Barbara and Montecito is no exception; here’s what’s happening […]

Montecito Market Update
By Kelly Mahan Herrick   |   September 12, 2019

Montecito continues to enjoy a healthy real estate market, with sales up 22% over last year; 131 homes and condos have sold so far this year, compared to 107 by the end of August in 2018. By this time in 2017, prior to the Thomas Fire and debris flow, we were at 149 sales.  Looking […]

A Market in Transition
By Kelly Mahan Herrick   |   August 30, 2018

“What’s going on in the real estate market?” It’s a question agents field on an almost-daily basis, and as of late, my answer to my clients and others is that we are in an adjustment period, with the market, in general, feeling a period of softening.  The number of properties sold in the first half […]

The Condominium Market
By Michael Phillips   |   August 30, 2018

There is no doubt that condominium living is completely distinct from that of a single-family home experience. We all know condominium dwellers who fired their gardener and the guy who fixes the electric gate years ago and would not live any other way, and others who miss being able to paint their front door any […]

Condo Project on Coast Village Approved
By Kelly Mahan Herrick   |   May 24, 2018

Earlier this week, story poles at 1062 Coast Village Road were taken down after being up for two weeks, denoting the height of a new mixed-use development slated to go in place of the current 14-unit apartment complex. On May 10, the Santa Barbara Planning Commission unanimously approved the project, which includes nine, two-story residential […]