So Much for a Real Estate Slowdown . . .
By Mark Ashton Hunt   |   September 14, 2021

What a difference a month (of big sales) can make. In my last article reviewing Montecito’s Real Estate activity for June and most of July, I focused on the lack of sales of more than $10 million. In that writing, I also noted an overall sales volume decline that put sales numbers closer to normal […]

Real Estate 2021: A Record-Breaking Year
By Nick Masuda   |   August 5, 2021

A deep dive into real estate’s incredible first half of 2021, and the trends it has kickstarted in Montecito

 

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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 […]

Let the Shows Begin!
By Richard Mineards   |   July 15, 2021

Santa Barbara’s venerable Granada Theatre is back in business! The eight-story icon that towers over State Street, originally built in 1873 and rebuilt in 1924, has been eerily silent for the past 15 months, other than intermittent audience-free video filming by the Santa Barbara Symphony under maestro Nir Kabaretti. But it will finally be all […]

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 […]

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 […]

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2021 First Quarter Recap: Housing Market Simply Staggering
By Kelly 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.  […]

Needles in a Haystack
By Mark Ashton Hunt   |   March 11, 2021

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 […]

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Four Homes Looking for Their New Owner
By Mark Ashton Hunt   |   February 18, 2021

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, […]

A New Year, but Not a Lot of New Listings
By Mark Ashton Hunt   |   February 4, 2021

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 […]

The Wall Street Bump
By Richard Mineards   |   January 21, 2021

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 […]

Hello 2021, and a Quick Look Back at Home Sales in Montecito in 2020
By Mark Ashton Hunt   |   January 14, 2021

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 […]

Loading Up on Real Estate
By Richard Mineards   |   December 31, 2020

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 […]

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