Tag archives: housing market

Dear Faithful Reader, I do hope you have enjoyed a joyous summer and are ready for the fall, as we head into this next season in our lovely enclave of Montecito. Although it is still summer on the tail end, the on-again, off-again love affair our area has with coastal low clouds and fog seems […]

I often feel as if today’s Montecito real estate market is something of a bubble. Not that it is a bubble about to burst, rather the bubble we live in, where the outside world does not seem to exist. We have everything we need right here it feels. And as for home prices, we have […]

By the time you read this, it might already be spring, (at least by the calendar). The jasmine is in bloom, and if you look up on the hills you can see the ceanothus blooming, creating pockets of bright color amongst the green. Additionally, we are still enjoying the clear skies and the lovely winter […]

In 2024, sales are up in Montecito – in both volume and prices. What a whopping start to 2024 for the high-end real estate market here in Montecito’s 93108. As I type, just 40 days into the new year, we have seen a total of 17 sales in the Multiple Listing Service (MLS), with two […]

Here is a deep dive into the state of the housing market in Montecito, Santa Barbara, and the Santa Ynez Valley, along with my predictions for 2024. Let’s look at the numbers.  South Santa Barbara County Stats  South Santa Barbara County (Goleta to Carpinteria) saw the sale of 1,011 homes and condos in 2023; this […]

Cheers to you all and Happy New Year, 2024! Thank you to the Montecito Journal team for providing me this forum, and to the readers who keep me on my toes to bring you the most up-to-date activity and trends month to month in our Montecito, 93108 Real Estate market.  Throughout 2023 (much like at […]

Month after month, year after year I keep pinching myself when I realize we live in Montecito. Though we work hard and sometimes struggle to stay here, it is by no means an accident. We thought of all the places in the world (ok the southern West Coast) where we could raise our daughter and […]

Fewer sales, higher prices, steady as she goes… or is there a sales slowdown ahead? From this summer’s highest prices, yet slower than recent year’s summer sales volume, to now fall peaks and valleys and Ellen’s new fantasy listing, our market is one thing one month and another the next. What is consistent though, is […]

It was nice to wake up to sun this morning. We have had our share of ‘Faugust’ mornings and I’m still not sure summer fully happened. The long days of light are dimming yet it’s still lovely and soon will be less crowded on Coast Village Road on the weekends. Locals, get ready for September […]

The numbers are in for the first half of 2023, and the Santa Barbara South Coast real estate market remains tight in terms of inventory and well in favor of sellers, as there is simply more buyer demand than homes available for sale. Accordingly, the number of sales is down 32% over last year, with […]

When you decide to move to Montecito or if you live here already, you are likely aware that there are many smaller neighborhoods within the greater 93108, each offering their own charm, advantages, and distinct personality. From the Hedgerows to Eucalyptus Hill, to Toro Canyon, the beach area, and the Golden Quadrangle, it’s all good […]

Many Santa Barbarians, Montecitans, and Los Angelenos have caught on to what Santa Ynez Valley locals have known for decades: livin’ is good in the SYV. With several unique areas from which to choose, each with their own culture, lifestyle, and merits, it’s no wonder that residency in the Valley has exploded over the past […]

Well, it’s just about the start of summer, or almost. Solstice is next week and don’t even get me started about the May gray and the June gloom, oops, too late. But on a sunnier note, let’s start with Montecito Real Estate stats, about as good a place to start as any. As I reported […]

This week it’s all about the Montecito market, and I don’t mean the Upper Village grocery store. I’m talking about the Montecito real estate market.  After months of low-housing inventory and lower, post-pandemic sales volume (OK, make that a year or so), we are finally seeing a restocking of the available homes for sale in […]

The rain has stopped and the sun has been shining for several days in a row now – which is a relief. Creeks are relaxing, as are residents. Montecito and her flood and debris flow prevention steps clearly worked during the larger storms that presented themselves this first quarter of 2023. What a wet and […]

It’s 2023 and it already feels like a different world. So much steady rain filling reservoirs, cleaning streets (into the ocean sadly), giving us something to really celebrate in the new year. They say that when it is raining is actually a great time to see a home you are considering buying. Watching how the […]

We are experiencing a home remodel and new building renaissance in Montecito that I have not seen in my 20 years living here, nor in the 20 years prior when I would visit family in the area. Very few blocks are without construction of some sort. One thousand (give or take) new homeowners have bought […]

The calendar may say that we are heading into fall, but the Montecito Real Estate market is not falling at all, not here in the 93108. It seems like full steam ahead for buyers looking to become part of this community. Taking a quick look back at August, there were only 12 sales reported in […]

January through June statistics are in, and the Santa Barbara South Coast real estate market is showing a stabilization, marked by increased inventory, fewer sales, a higher number of days on market, and fewer multiple offer situations. Median sales price remains high: $2.2M for the month of June, which is a slight bump from May’s […]