Tag archives: housing

The Eight-Figure Market Slows, Leaving More Options for Prospective Buyers
By Mark Ashton Hunt   |   August 12, 2021

As we kick summer into high gear and the fog fights with the sun for control of the day, the real estate market in Montecito remains robust, yet leveling off to a more normal number we are used to seeing in past years. Additionally, we are seeing fewer sales recently in the over $10 million […]

Mid-Year Montecito Market Update
By Kelly Mahan Herrick   |   August 12, 2021

The real estate market in Montecito continues to exceed any and all expectations, creating records in both prices and number of sales. The first six months of the year have been incredibly active, with 140 homes* closing since January 1. This is nearly double the amount we saw last year, when 79 homes traded hands […]

Buying Paradise: Finding Gems Just Moments Away from the Park, Ocean
By Michael Phillips   |   August 5, 2021

Santa Barbara has had many personalities in its long-storied past. From the large, successful native American Chumash community ten thousand years ago to the Spanish and Mexican eras in the eighteenth and nineteenth centuries to the present, world-renowned destination resort, people have continuously been drawn to this spectacular place on California’s South Coast. Unfortunately for […]

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 […]

Montecito Market Movement and a Few Best Buys to Boot
By Mark Ashton Hunt   |   July 22, 2021

In pre-COVID times, one could buy a very nice home with 2,000 – 3,000 square feet of living space on a larger lot (over half-acre) or in a prime spot or beach area, for around $2 to $2.5 million. I can point to dozens of closed comps just two years ago, that illustrate how these […]

Montecito Best Buys: The $20s… Million, That Is
By Mark Ashton Hunt   |   July 1, 2021

In addition to more than double normal sales volume for the past 15 months, there have been more sales over $20 million in the past year or so than at any other time in history. Sales in the $20s have happened in the past, and a very few have sold at more than $20,000,000 in […]

Slim Pickings? Sure, but There Are Plenty of High-End Properties Available
By Mark Ashton Hunt   |   June 17, 2021

In Montecito, spring basically brought us no rain, and summer is just around the corner. I can tell because the weekends are teeming with people on Coast Village Road and the mix of overcast and sun is keeping me dressing in layers still. But I’m working on my summer feet, when we walk barefoot more […]

Many Priorities, One Team — US!
By Sharon Byrne   |   June 3, 2021

Last week, we helped three Santa Barbara City Councilmembers host a very important community conversation on the California Housing Legislation with our state legislators Senator Monique Limón and Assemblymember Steve Bennett. You know we’ve been working on this closely with our former State Senator, Hannah-Beth Jackson. You can watch the Town Hall at our website: […]

Dwindling Inventory and High Demand
By Mark Ashton Hunt   |   May 20, 2021

This is it, a run-up in the market the likes we have never seen. I’m not talking about Wall Street or the stock market, which is also up, so maybe that’s what is funding and fueling this buying craze here in Montecito, where we are seeing a phenomenon, of sorts.  I am talking again about […]

The Making it Home Tour: Helping the Homeless Community Find Their PATH
By Zach Rosen   |   May 13, 2021

Community members that are experiencing homelessness could often use a path to help guide them from the street into a home. Since the early 1980s, People Assisting The Homeless (PATH) has been helping individuals, veterans, and families requiring assistance find their way to long-term housing solutions.  “We do that by really focusing on moving people […]

Letters to the Editor
By Montecito Journal   |   May 13, 2021

Clarification A Community Voices column in the April 29-May 6 edition entitled, Despite Recent Narrative Cold Spring School Deserves Community’s Support, was written by a group of community members and not a single author. Cold Spring School: Time to Pony Up Legal Docs I truly cannot understand all the controversy surrounding the issue at Cold […]

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.  […]

Fighting Fair Housing Initiatives is Counterproductive
By Montecito Journal   |   May 6, 2021

In reference to the recent Montecito Association meeting held on April 13, I was deeply disappointed to see that our esteemed, highly respected former senator, Hannah-Beth Jackson, has agreed to represent the anti-growth side of the discussion regarding California State Bills 9 and 10, or SB-9 and SB-10. The legislation proffered by Governor Newsom will […]

Market Mayhem: ‘Migration Movement’ to Our Paradise Continues
By Mark Ashton Hunt   |   April 29, 2021

At this point I am unsure of whether we will see enough new listings hit the market in Montecito before the last house goes up for sale and is sold. That won’t happen — will it? — but if you follow the numbers, it’s not impossible.  As of right now we only have about 47 […]

Pack ‘em and Stack ‘em Housing in Montecito? Act Now Before It’s Too Late!
By Sharon Byrne   |   April 15, 2021

I visited a project on Hill Road this week after receiving complaints from neighbors. As soon as I saw it, my heart sank. This is a second story ADU (accessory dwelling unit) that will decimate views and is built right to the edge of the driveway easement. Neighbors report it was piecemealed in permitting, so […]

Montecito Has Been Discovered
By Mark Ashton Hunt   |   April 8, 2021

Something tells me that times they are a-changing in Montecito… Whether it’s the 50-plus cars I saw at both the Hot Springs and San Ysidro Trailheads on the same day recently, or that I could not find a parking spot at sunset near Butterfly Beach on a weekday in March, or the fact that booking […]

Updates on Housing Bills
By Sharon Byrne   |   March 26, 2021

We attended the Senate Housing Committee hearing on March 18 and advocated for Montecito on the following bills: •SB15, Sen. Anthony Portantino: This bill allows local cities to replace sales tax lost from closure of big box stores and rezone for affordable housing. Sen. Scott Wiener, who chairs the committee, and is putting forth the […]

San Marcos Foothills: Rich in History
By Lucy Marx   |   March 25, 2021

Julie Cordero-Lamb is an ethnobotanist and a member of the Coastal Band of the Chumash Nation. She joined the effort to protect San Marcos Foothills nearly twenty years ago. She has a unique perspective on the site, which is important to her and to the Chumash community. “We have a connection to that place that […]

Attention California Legislators: Stand with Your Community!
By Sharon Byrne   |   March 25, 2021

There are two particularly bad bills wending through the legislature, proposed by Senate President pro Tempore Toni Atkins (Senate District 39, San Diego) and Scott Wiener (Senate District 11, San Francisco). They are determined to fulfill Governor Newsom’s pledge to build 3.5 million units of housing in California. Prior attempts that have failed to date: –Wiener’s […]

Emergency Ordinance Extended
By Kelly Mahan Herrick   |   March 18, 2021

On Tuesday, February 23, the Santa Barbara City Council extended its Emergency Economic Recovery Ordinance until March 8, 2022. The ordinance, which was adopted last May, continues the temporary closure of certain streets, on-street parking, and public parking to allow outdoor dining and outdoor business uses in the public right-of-way or on private property, which […]