Real Estate Remains Strong
By Kelly Mahan Herrick   |   May 28, 2020

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 […]

Best Buys SOLD!
By Mark Ashton Hunt   |   April 23, 2020

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 […]

 

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Montecito Market Update
By Kelly Mahan Herrick   |   April 16, 2020

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 […]

Newer Listings in Montecito
By Mark Ashton Hunt   |   March 26, 2020

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 […]

Montecito & SB Real Estate Update Amid Covid-19
By Kelly Mahan Herrick   |   March 26, 2020

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 […]

Estate Offerings in Montecito
By Mark Ashton Hunt   |   February 27, 2020

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. […]

How Hot is Today’s Market?
By Michael Phillips   |   February 20, 2020

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 […]

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  • The $2.2’s… Million, That Is
    By Mark Ashton Hunt   |   February 6, 2020

    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 […]

    How Hot is Today’s Market?
    By Michael Phillips   |   November 26, 2019

    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 […]

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    Surfin’ USA
    By Richard Mineards   |   November 26, 2019

    Beach Boy Mike Love‘s former Santa Barbara estate is up for sale for $6,407,000. The spectacular 2.5-acre oceanfront property boasts five dwellings totaling 5,096 sq. ft. with six bedrooms and five and a half bathrooms on 200ft. of private bluff. Built in 1920, it is set on one of the single largest oceanfront parcels in […]

    Feeling Z.E.N.
    By Richard Mineards   |   October 31, 2019

    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, […]

    Homes on One Level
    By Mark Ashton Hunt   |   October 24, 2019

    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 […]

    Interesting Buys
    By Mark Ashton Hunt   |   October 10, 2019

    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 […]

    Montecito Market Update
    By Kelly Mahan Herrick   |   September 12, 2019

    Montecito continues to enjoy a healthy real estate market, with sales up 22% over last year; 131 homes and condos have sold so far this year, compared to 107 by the end of August in 2018. By this time in 2017, prior to the Thomas Fire and debris flow, we were at 149 sales.  Looking […]

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