Tag archives: real estate

The light truly is at the end of the tunnel! As an example, Santa Barbara Symphony, under longtime maestro Nir Kabaretti, invited 100 suitably vaccinated VIP supporters to the Granada, to watch the talented musicians perform Beethoven’s “Symphony No.7,” part of the season’s Triumph finale, which honors strength, perseverance, hope, creativity, and community. All of […]

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.  […]

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 […]

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 […]

The Montecito Heat Index measures demand for Montecito single-family homes in five price sectors. By identifying demand, (contracts to purchase), rather than sales, (closed escrows) we create a forward-looking indicator of market strength. And since real estate activity fluctuates seasonally, today’s Heat score is compared to this date last year. All data are from the […]

Former Music Academy of the West fellow Jacopo Giacopuzzi is using his keyboard skills in his new profession as a realtor with Berkshire Hathaway in Montecito. Jacopo, who hails from Verona, Italy, moved to the Left Coast in 2013 to start his master’s degree at USC after being a fellow at the Miraflores campus. Since […]

Considering there are fewer homes in the Multiple Listing Service (the MLS, which feeds Realtor.com, Zillow, and others) than at any other time in the past 20 years, I feel it’s an interesting time to pause and ask (as others often ask me), what’s next in our real estate market?  Will the buyers who find […]

The desire of so many to purchase a home in Montecito, along with the phenomenal number of homes sold and sales over ten million dollars this past year, has been covered at length in many local and national publications. This rush to buy has left Montecito’s Real Estate market with very few homes for sale, […]

Carpinteria-based actor Ashton Kutcher and actress wife, Mila Kunis, have put their Beverly Hills home back on the market – with a substantial price drop. When it was last listed for sale, the five-bedroom, five-and-a-half bath 7,351 sq. ft. three-story home in the gated community of Hidden Valley, was priced at $14 million. Now the […]

We will likely start February off much as we started January, with very few homes available for sale in the Multiple Listing Service (MLS) in Montecito. As of January 23, there were only 76 homes and condos on the market in all of Montecito and the entire 93108 zip code, when normally there would be […]

Serial real estate flipper Ellen DeGeneres and her wife, actress Portia de Rossi, sold their 10,674 sq. ft. Balinese-style Montecito estate for $33.3 million, pocketing a handsome $6.3 million profit in November. But the buyer of the five-bedroom, five-and-a-half bath home on three parcels over 9.3 acres, remained a secret until now. Our rarefied enclave’s […]

Montecito’s only coffee plantation, Valley Heart Ranch, spread over 9.5 acres on three parcels, is up for grabs for $14.9 million. The estate, which produced 2,500 pounds of coffee last year, has four bedrooms in the main house for a total of seven bedrooms, 12 bathrooms, and 4,469 square feet of living space. Other amenities […]

Retired high tech executive Jan Wesemann is getting priceless publicity in the Wall Street Journal this week as she puts her 20-acre French country-style Montecito estate on the market for $12 million. Jan moved into the 7,600-square-foot, five-bedroom, seven-and-a-half-bathroom house, built in 2001, 10 years ago and brought up her four daughters on the Park […]

Well, let me just say, “whew, what a year that was,” to 2020. Let’s see what 2021 has in store for us, and what we will make of it collectively as a community here in lovely Montecito. As usual, we are having lovely weather and the rain this past week was welcome for sure. More […]

Montecito Bank & Trust’s main State Street branch suffered major social gridlock when it hosted its third annual Fiesta party for more than 300 traditionally garbed guests. Quaffing magnificent margaritas and noshing on traditional fare from Los Arroyos, partygoers were entertained by Chris Fossek playing classical guitar, with flamenco dancing from Junior Spirit of Fiesta […]

Montecito actor Rob Lowe who sold his 10,000 sq. ft. Picacho Road estate for $46 million has lost no time in spending the money, having purchased three new residential properties in Southern California since the sale just three months ago. Having spent $13 million on a new 6,000 sq, ft. five-bedroom, six-bath estate, Stonehedge, on […]

Gordon Frickers, an old friend who used to be my photographer on The Falmouth Packet when I started my career, has morphed into a very competent maritime artist. Now living in Brittany in the north of France after 25 years in the seafaring city of Plymouth, Devon, Gordon has just completed a two-year project of […]

As he approaches retirement, Bruce Giffin, one of Santa Barbara’s top developers, ponders his legacy Construction is known for being a tough business. Competition is high, margins are low, cash flow swings in both directions and a shortage of skilled workers makes the industry all the more precarious. As he approaches his 35th anniversary in the […]

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 […]

One phrase has summed up the mortgage world since March: “record low rates.” Lenders have seen their pipelines swell to levels never seen before and things do not seem to be slowing down. Rates for conforming loans have been held low by the government’s intervention in purchasing mortgage-backed securities to aid in market liquidity. Meanwhile […]