Apr 7th	What Does $1 Million Buy You in Santa Barbara Real Estate These Days? – April 2009
2009	Categories: Buyer's Resources & Advice, Santa Barbara

As the Santa Barbara Real Estate market has softened here in the last 18 months, the big advantage for new home buyers is that they are able to get a little more property for their $$.  Most statistics are showing that the average home here in Santa Barbara is down about 15-25% (depending on exact area) from its peak in late 2006 / early 2007.

In the last several weeks, much of our market up to the $2 Million price point has been very stable with a good amount of pending sales and numerous buyers out looking.  Here are a few examples of Santa Barbara property around $ 1 Million in Bel Air Knolls, The Mesa, Samarkand and San Roque neighborhoods.

1 - Bel Air Knolls located on a quiet cul-de-sac.  Single level home with refinished wood floors, newer interior paint and carpets, newer roof, large dining area, flat yard, 4 beds 3 baths, 2-car garage, well cared for home. Pending Sale, Asking Price $975,000.

View: Map of Home

2 - Located a few blocks from the beach and Shoreline park, this 3 beds 3 baths Mesa home plus den was enlarged and remodeled in 2001.  Two larger master suites, maple cabinetry, cathedral ceilings and 2-car garage.  Well cared for home.  Just Sold, $985,000.

View: Map of Home

3 - Sophisticated remodel done in 2003 including master suite, granite counters, tile floors, maple cabinetry, wide plank oak floors, roof, windows, sliders and more.  Large yard, fruit trees, 3 beds 2 baths, 2-car garage in the pleasant Samarkand neighborhood. Just Sold, $985,000.

View: Map of Home

4 - San Roque lifestyle with an updated classic 1929 Spanish Style home.  Authentically restored with hardwood floors, formal dining area, French doors, sitting patios in a wonderful San Roque neighborhood.  3 beds 2 baths, 2-car garage. Just Sold, $950,000.

View: Map of Home

Further Reading:

1. San Roque Neighborhood
2. Samarkand Neighborhood
3. The Mesa Neighborhood

For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.

Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative.  Please feel free to contact me or comment below with any thoughts. 

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Tags: bel air knolls santa barbara, million santa barbara real estate, samarkand, san roque santa barbara, the mesa santa barbara

This entry was posted on Tuesday, April 7th, 2009 at 9:38 am and is filed under Buyer's Resources & Advice, Santa Barbara. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

1. Greg Knowles said at April 9th, 2009 at 1:51 pm

   Kevin, I know folks from outside the area won’t understand this statement, but real estate in Santa Barbara is on sale right now. Great Post!

2. Kevin said at April 14th, 2009 at 11:55 pm

   Greg

   It seems that the market is pretty busy these days. Lots of pending sales that are also leading to closes. No one knows the future, but most buyers feel that most of Santa Barbara has reached a bottom from at least the $250,000 to about the $2 Million price point.

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