Tag archives: real estate market
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 […]
We as consumers have plenty to talk about in our current environment. The world overall has shifted into a new existence with many changes affecting our personal, business, and political lives. The mortgage world is no exception. Since March, lenders have seen their pipelines swell with refinance business due to absurdly low interest rates, while […]
One of the handful of go-to real estate agents for Montecito, Dan Encell has been studiously observing the ebb-and-flow of the crown jewel of Santa Barbara’s luxury housing market for more than three decades. He’s seen it all, but even Encell was surprised by the insistent ringing of his cell phone at a time when […]
As we wrestle with the evolving ramifications of the COVID-19 pandemic, Santa Barbara’s commercial real estate world is learning how to conduct business at a distance, leaving previously on-site activities on the sidelines. MJ recently caught up with Santa Barbara native and real estate appraiser Greg Brashears to discuss navigating through a pandemic and all […]
To say it has been an active spring in the Montecito Real Estate market would be an understatement. Without even taking into considering the recent, national challenges, and even when comparing to most 45+/- day periods, regardless of market conditions in recent years, it has been a good six weeks in the Montecito Real Estate […]
It was March 2004 and I was pregnant with our first child when my husband and I bought our home here. We’d married nine months earlier at the San Ysidro Ranch and we would drive up for weekends, rue L.A.’s show biz culture and roam around Montecito, fantasizing about raising our kids in one of […]
It was a good May in terms of home sales in Montecito and the greater 93108. In fact, some agents are even saying the market is basically on fire and in most price ranges. Indeed, we have had a few of the usual under-two-million-dollar sales, as well as a few in the $3-$5-million range as […]
The real estate market in Montecito and Santa Barbara remains strong, despite major changes to the way properties are marketed and viewed. Sales in Montecito are up from last year in May; as of press time 16 homes have sold in May, with five full days still left in the month. This is compared to […]
I hope everyone is staying safe and enjoying “at-home time” as much as is possible. Perhaps by the time this article is out on the streets, there will be more people out and about. In the meantime, regardless of being somewhat back to normal or not, we are all spending more time at home and […]
While there are many listings from “pre-stay-at-home order” days, and there are some few new listings on the market, I thought it might be a good time to focus on what has been selling here in Montecito since the stay at home order fell into place. Of course, many of the sales between March 15 […]
Here’s an update on the state of the real estate market, as our community continues to adhere to the statewide shelter-at-home order. Like most other industries, the real estate industry has slowed significantly due to the COVID-19 pandemic. As of press time, there are currently 109 properties on the market in Montecito, with nine of […]
The homes that comprise the Montecito Real Estate market offer great diversity in terms of style, price and amenities, as well as the varied topography and neighborhoods this lovely area offers to homeowners. From a canyon side home to a level lot in a private setting, a hill top view home, a historic property resting […]
2018 and 2019 saw solid years for sales in the $10,000,000+ range. In 2019 there were 10 homes that sold over $10,000,000 in the Montecito, 93108 zip code, and 14 over $10,000,000 if you include homes sold in the Padaro Lane area. In 2018 there were seven sales in Montecito over the $10,000,000 price point. […]
As we move further into the New Year, we are seeing new homes come on the market, as well as listings that had expired at the end of last year and are coming back on. Inventory is generally low right now, but not far off averages for past years overall. Additionally, many of the homes […]
When a seller lists their home for sale the most important question that must be answered is, at what price to offer the property. While some go with a flat number, say five or eight million, most agents and sellers might offer a home for just a bit less, perhaps to entice, to catch people […]
A question one often hears in Montecito this summer involves home real estate values within the dreaded “red zone.” Those currently in the red zone, whose homes were untouched by the 1/9 debris flow, ask how can they have their homes removed from the punitive evacuation red zone. To better understand the “red zone” and […]
Whether one moves to Montecito for the weather, the beaches, or the Santa Barbara lifestyle, one thing we as Realtors know is that most buyers, if they can afford it, either must have, want, or would like to have an ocean view. When suggesting a home a client might like, the question that follows is […]
The Montecito Heat Index spotlights present demand for single-family homes. By identifying buyer contracts, rather than sales which typically lag a month or longer, the Heat Index is a forward-looking indicator of both market strength and direction. It also shows us at five price point(s) where value is most recognized by buyers and those properties […]
Housing trends change with some regularity, although perhaps not as frequently as fashion trends change. Housing style trends can take longer to shift as changing the style or look of a home is a very costly undertaking. Maybe that is why we tend to refer to housing styles in terms of eras, other than type […]
