Tag archives: market
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 […]
The success of Capital markets has been essential in stewarding the velocity of investor returns short and long term by allowing shares to be traded through the stock exchange. Private organizations turned IPO pose a strategic advantage for the company by allowing access to financial opportunities, higher share valuation, investor exit opportunities, employee retention, and […]
U.S. stocks ended the quarter off 4.7%, down 24.8% in 2022 and at a two-year low – Bonds also reached new lows, extending historic drawdown, down 15% in 2022 – High inflation (latest CPI from August of 8.3%) driving a more aggressive Fed policy – base rate now seen rising to 4.6% peak in 2023 […]
In April, Montecito restaurateur Gene Montesano – with the help of general manager Leslee Russell – took over a Coast Village Road staple: Montecito Deli. The new-and-improved “Montesano Deli” has brought fresh changes to the space and the menu, and this weekend, the market next door is set to open. The duo of businesses, Montesano […]
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 […]
High inflation, risk of recession, war in Europe, a crypto meltdown, and interest rate increases pushed stocks into a bear market (down over 20% from peak) in Q2 2022 – Bond markets continued the worst drawdown on record, hammered by inflation and higher rates – Diversified portfolios slammed by simultaneous declines in asset classes Market […]
Pierre Lafond passed away this past Sunday at the age of 92, after 60 years in Santa Barbara enterprise overlapping a 25-year career in architecture. Pierre Lafond and his wife, Wendy Foster, developed a number of shops in Montecito and in greater Santa Barbara. And they were vintners and early adopters of Central Coast viticulture, […]
A whopping half of all homes for sale in Montecito’s 93108 zip code are priced over $10,000,000 While I don’t follow March Madness basketball, I do follow the Montecito Real Estate market, house by house, sale by sale, and March was indeed Madness. While an average March might bring 18+/- sales, March 2022 showed strong […]
Within seconds after arriving at the Montecito Farmers’ Market, the delicate, sweet smell of lavender wafts up to the noses of Friday morning patrons. The aroma pervades the market and leads the shopper to the last stand in the far corner: June Bloom Lavender. Melissa Broughton, known as the “Lavender Lady” by locals, stands over […]
It was case of blinging in the New Year when top jeweler Erik Laykin, scion of the founder of the 90-year-old Los Angeles company Laykin et Cie, opened its new branch at the Rosewood Miramar. Many guests couldn’t get into the socially gridlocked soirée, but those that could gain entree into the opulent salon were […]
On the last Sunday of every month, the Summerland Post Office parking lot on Lillie Avenue fills up with a cornucopia of flea market and food vendors. Even volunteers from CALM (Child Abuse Listening and Mediation) are onsite to raise funds and awareness of the nonprofit. While parking may be a challenge – “It’s a […]
As we begin to slow the ride on this incredible rollercoaster of a year, it is important to consider all that has changed in the past 11-plus months. The pandemic, the political and social climate of uncertainty, the business and day-to-day implications of these circumstances that make it feel like a lifetime of adjustment all […]
To say that Montecito real estate was “hot” in the third quarter of 2020 is a gross understatement; in fact, the market activity in late summer/early fall broke records across the board in both sales price and number of transactions, in both the 93108 and beyond. Q3 sales in 2020 were up a whopping 156% […]
For anyone wanting to live the Summerland version of “Lifestyles of the Rich and Famous,” two of the town’s grandest estates are on the market. Both are owned by polo patrons: there are digs and playing fields for the horses that far outshine many Summerland beach shacks. Tuscany Oaks Farm, a seven-bedroom, 10-bath polo estate […]
Judging by the home buying activity in the last few months, we can easily conclude that Montecito is “The place to be.” Since the terrible home sales in April and May brought on by strict lockdown measures, Montecito has experienced the highest number of sales per month that most real estate agents can ever remember. […]
Hello and welcome to a busy Montecito summer season. In the past four months, the number of closed escrows is more than double what we would typically see. Between July 19 and August 29, for example, whereas 16 homes traded hands last year during the same timeframe, this year we saw 39 completed home sales. […]
It has been an incredible past two-plus months in the Montecito real estate market, to say the least. Sales are up and still climbing. Not since perhaps 2002-2006 have agents seen this kind of buyer activity, in all price ranges. Sales have been solid in Summerland, Carpinteria, Santa Barbara, and Goleta as well this summer, […]
The months of May and June, and now into July 2020, are proving to be the most active real estate months that many can remember in Montecito during the past 15+/- years. Whether it be Boomers flexing their buying muscle and finally committing to a place in Montecito, perhaps Ellen’s celebrity friends, the Bay Area […]
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 […]
