A few times a year I like to give updates on what you can expect for various price points in Santa Barbara and Montecito. Over the last few years this has changed quite drastically as the market first went down and now has come back up at such a strong pace.
Most homes today for example are worth on average about 20% more than they were just a year ago and so this leads to generally a decently different home. In Santa Barbara, if you are at the $1 Million price point and you adjust either way about $200,000, what type of home you can get changes a good amount. $200,000 increments tend to be the generic on seeing a solid difference in a homes worth (character, area, size etc.) espeically when you are talking values of around $700,000 to about $1.6 million.
Here is a quick view of some of the recent sales (last 2 months) we have had at both the $1 million and $2 million price point.
601 Calle Palo Colorado located in San Roque. This quintessential 3 bed, 2 bath home has many of its original charming elements while it has been thoughtfully updated for this day and age. Oak hardwood floors, abundant natural light and open floor plan fit todays lifestyle. A master suite with its own bathroom and office also makes the floor plan usable. This home was listed at $995,000 and sold for $1,020,000 within the first week of being on the market.
75 Chase Drive located in between Santa Barbara and Montecito. Fabulous mountain, canyon, city, ocean & island views! Great location toward the end of a cul de sac….home for sure needs some updating but has “good bones”. Large living room with open beamed ceiling & fireplace. 3rd bedroom has a fireplace and is used as a den. This home is about as nice of a view home as you can get for right around the $1 million price point. This home was listed at $995,000 and sold for $990,000 within the first week.
2150 East Valley Road - Located on one of Montecito’s most prestigious lanes, this pristine and romantic California Ranch estate embracing the essence and fuller appreciation of the Montecito lifestyle. Consisting of approximately 2,603 sq. ft. of living space on one level, this four bedroom, three bath home takes full advantage of its awe-inspiring mountain views on one side and stunning garden and creekside views on the other.
South-facing, the sun-drenched and light-filled home offers a living room with fireplace and views to both the gardens and mountains, a vast family room with dining area and fireplace, a chef approved kitchen with exceptional appliances, upscale designer finishes throughout and more. Recently remodeled with the highest standard of craftsmanship, there are seamless transitions between the interior and exterior spaces – perfect for entertaining or relaxing on the large patio shaded by oak trees on the mountain side and an inviting custom patio near the avocado orchard with views of the creek.
Situated just minutes to Montecito’s famed upper-village, beaches, parks and prestigious country clubs, this unparalleled offering spans 1.03 acres. The properties landscaping is breathtaking, with an abundance of mature oak, elm and avocado trees, flowering gardens, expansive lawns and meandering rock-lined paths. The land is mostly flat and offers ample room for a pool, spa and pool cabana. This beautiful home is located within the highly coveted Montecito Union elementary school district. This home was listed at $1,999,995 and sold within several weeks above asking at $2,175,000.
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Search: The Santa Barbara Area MLS
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.