Tag archives: real estate
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 […]
It goes without saying that the last few weeks have been a tumultuous time for everyone, and the global pandemic and associated social distancing and quarantines have had far reaching consequences for nearly every type of trade or commerce. The local real estate market in Santa Barbara and Montecito is no exception; here’s what’s happening […]
Santa Barbara resident and horse racing enthusiast Barry Schwartz, the co-founder of Calvin Klein Inc., is selling his sprawling equestrian estate in New York’s Westchester Country for $100 million. Spanning around 740 acres, the property is among the largest privately held estates in the county, according to Christie’s International Real Estate. Known as Stonewall Farm […]
Josiah Hamilton, 45, great-great nephew of the late civic leader Pearl Chase and a co-founder of the Santa Barbara Bucket Brigade, just opened the Berkshire Hathaway National Sales Convention in Nashville, Tennessee, with more than 6,500 agents in attendance. Josiah, who grew up dividing his time between Montecito and London, has been working as an […]
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. […]
This week’s Scam Report will focus on Business Email Compromise Scams (BEC), which have tripled in the last three years, resulting in more financial losses than any other fraud type in the U.S. It’s when a fraudster uses a compromised email account to insert himself into a transaction where two parties are exchanging money. The […]
The Montecito Heat Index measures present demand for Montecito single-family homes. By focusing upon buyer contracts, rather than closed escrows which typically lag a month or longer from accepted contracts, the Heat Index provides a forward-looking indicator of both market strength and direction. It also shows us at five price-points where value is most recognized […]
On the subject of real estate, a 1930s Gilded Age Hot Springs Road property designed by Lutah Maria Riggs, the first licensed female architect in our Eden by the Beach, is being auctioned off. The impressive residence is set to sell without reserve to the highest bidder via leading global firm Concierge Auctions. Previously offered […]
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 […]
In what was 2019’s largest residential real estate transaction in Santa Barbara County, filmmaker George Lucas closed escrow on a two-acre property adjacent to his existing property on Padaro Lane in December. The $28M off-market deal was sold by listing agent Susan Pate of Compass, with SB Brokers’ Troy Hoidal representing the buyer, according to […]
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 […]
Elaine Weiss, prize-winning journalist and author of the blockbuster book The Woman’s Hour, was fêted at a bustling reception at Tydes at the Coral Casino after speaking on The Great Fight to Win the Vote at Campbell Hall, part of the UCSB Arts & Lectures series. Former Secretary of State Hillary Rodham Clinton is teaming […]
Hahn Hall at the Music Academy of the West was socially gridlocked when the Z.E.N. Trio, made up from the initials of pianist Zhang Duo, violinist Esther Yoo, and cellist Narek Hakhnazaryan, performed as part of UCSB’s popular Arts & Lectures series. The concert, part of the long-running Robert Weinman-sponsored Up Close & Musical Series, […]
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 […]
Over time, or sometimes when a new listing hits, a specific listing or a smaller group of properties can stand out as what agents might collectively see as good buys or, Best Buys. This is not a term meant to imply that a property for sale is necessarily “cheap,” but perhaps by my definition, it […]
