Where is our real estate market today?
We continue to see buyers very very comfortable with where the Santa Barbara real estate market is today. Most reports and statistics are also showing that this very strong market is not just a tick here and there, but a market with “very strong legs”. We have now seen about 6-8 straight months of solid activity with homes selling quickly and prices very stable. Here in Santa Barbara, we are now once again confronted with multiple offer situations on many homes, with some homes even seeing 4-10 offers.
As far as the exact pulse of the market here in Santa Barbara, I would simply point out that there is a lot of activity out there across all price points and for many, lack of inventory is the biggest obstacle.
What can you expect to find for right around the $1 million price point?
Here below is a home in a wonderfully verdant setting on a private 3/4 acre. This recently updated property is one of only 8 homes in the Coyote Circle PUD. This quiet cul-de-sac community offers shared access to a pool, spa, and 5 acres of open space. Sweeping mountain views accent the beautiful hardwood flooring and vaulted ceilings of this excellent Montecito home. This home just closed sale for $1,062,050 and is located at 1907 Coyote Circle in Montecito CA.
Put yourself in the center…. of Santa Barbara. This spacious corner lot home in San Roque has a wonderful garden setting in a very convenient location. Close proximity to schools, Gelson’s, Steven’s Park, or dinner at Via Maestra. Remodeled kitchen and baths, large walk-in pantry, hardwood floors, private quiet back yard with trellised seating area. This home had a ton of activity and sold within the week at the asking price of $995,000 and is located at 3163 Calle Fresno. The home is 4 bed 4 bath, roughly 2800 sqft and on a lot of roughly 8700 sqft.
Wonderful opportunity in the desirable Foothill School District. This immaculate 4 bdrm home features an open floor plan w/ beamed and paneled ceilings, wood floors, two fireplaces, French doors, cooks kitchen w/ granite counters and an adjoining family room. Lushly landscaped with sparkling pool, spa and brick patio to enjoy the tranquil gardens. Conveniently located to Tuckers Grove Park, schools & shopping. This home is located at 750 Mateo Court and recently closed for $960,000.
- High End Mesa Townhomes with Impressive Ocean Views
- Is Your Santa Barbara Dream Home Also a Green Home?
- Santa Barbara Real Estate – Montecito Real Estate Update 3rd quarter 2011
- Proven Results to Make Your SB Home Search Enjoyable and Successful
Search: The Santa Barbara Area MLS
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.
For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in the Santa Barbara area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.