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 […]
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. At five distinct price points, we look at where value is most […]
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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 […]
Oliver’s, the Coast Village Road vegetarian restaurant that took five years to transform from the old Peabody’s space under owner cell phone billionaire Craig McCaw, 70, has been sold, says my mole with the martini. McCaw, who has moved back to Seattle, has been divesting himself of his properties in our rarefied enclave, including his […]
Last Friday, I took a guided tour of a charming abode hidden at the end of a long and curving driveway on East Mountain Road. Located just a block away from the San Ysidro Trailhead, the property included an historical guest cottage (believed to have once belonged to Priscilla Presley), and a home office above […]
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 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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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 […]
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 […]
