Tag archives: housing market

A Rainy Yet Bright Start to 2024
By Mark Ashton Hunt   |   February 20, 2024

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 […]

Recapping 2023’s Real Estate Market
By Kelly Mahan Herrick   |   February 6, 2024

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 […]

Revisiting the 2023 Real Estate Market Montecito’s Housing DNA: A Market with Good Bones, Strong(ish), and in for the Long Haul
By Mark Ashton Hunt   |   January 9, 2024

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 […]

$12M Is the New $7M: Grateful to be living in Montecito
By Mark Ashton Hunt   |   November 28, 2023

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 […]

Fall-ing Into the New Normal Market
By Mark Ashton Hunt   |   October 31, 2023

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 […]

Something for Everyone
By Mark Ashton Hunt   |   September 5, 2023

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 […]

Mid-Year Market Update
By Kelly Mahan Herrick   |   July 18, 2023

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 […]

The Many Neighborhoods of Montecito
By Mark Ashton Hunt   |   July 18, 2023

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 […]

Real Estate Roundup, SYV Edition
By Kelly Mahan Herrick   |   July 18, 2023

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 […]

Where to Start
By Mark Ashton Hunt   |   June 20, 2023

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 […]

Inventory is Up
By Mark Ashton Hunt   |   May 23, 2023

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 […]

First Quarter Real Estate Update for Montecito’s 93108
By Mark Ashton Hunt   |   April 11, 2023

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 […]

New Year’s Rains and Last Year’s Market
By Mark Ashton Hunt   |   January 17, 2023

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 […]

Montecito’s Home Building Renaissance
By Mark Ashton Hunt   |   October 25, 2022

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 […]

Summer Home Buying Spree Continues… With no fall in sight (other than the weather and earlier sunsets)
By Mark Ashton Hunt   |   September 27, 2022

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 […]

Mid-Year Market Update
By Kelly Mahan Herrick   |   August 9, 2022

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 […]

Mortgage Minute: Getting Creative in a Shifting Market
By Matt Genovese   |   August 9, 2022

In response to this constantly swift-moving and uncertain real estate market – a statement that for most buyers and sellers sounds dramatic but is rather consistent for those of us who in work in the real estate industry – more and more we are seeing buyers get creative with the type of loans they use […]

Looking for Reliable 911 Service
By Montecito Journal   |   July 12, 2022

We live on Channel Drive in Montecito and along with the neighbors we have sent several emails regarding the lack of Sheriff’s presence since COVID and the increase of illegal activities. Last night was 4th of July and sadly Channel Drive had far fewer families enjoying the fireworks and many more people drinking, flying drones […]

No June Gloom… At Least Not in the Real Estate Market
By Mark Ashton Hunt   |   June 28, 2022

While it might be foggy here and there thus far in June, it’s been lovely just the same. The dividing argument of whether the fog line is at Montecito Union School or whether it’s East Valley Road (just a block apart but worth the discussion), is one of the longer running debates you might hear […]

A Season of Change
By Mark Ashton Hunt   |   June 14, 2022

The seasons are changing, and so is the Real Estate market… at least that’s the way the numbers are rolling out here, nearly halfway through 2022, with most months being down in sales volume from the month before. Now I know, many will say it’s because of low inventory, and that’s true, or partly true. […]