As the overall Santa Barbara real estate market continues to be very strong, San Roque and all homes within the Peabody School District continue to also be in very much high demand. In our daily routine as Realtors of networking within our companies and reading emails about buyer needs, it is easy to see that any upcoming good listing within this area is most likely going to see a strong demand from buyers within only a few days of being on the market.
So far since the beginning of the year we have seen the following:
- 44 sales ranging in price from $397,000 to $2.1 million
- 18 current pending sales ranging in price from $347,000 to $2.6 million
- Only 12 current active listings ranging in price from $540,000 to $1.7 million
Many of the sales within the $600,000 to $1.2 million price point tend to see multiple offers and go into escrow right away. We are also in a market that often if sellers go the route of pricing their home low, buyers will tend to bid up the home often higher than a price they were “hoping for” to start with. It is not unusual to now see 3-4 offers on a well priced home in this area.
Here is a sample of some of the nicer homes sold year to date in the San Roque / Peabody School District area.
370 Canon Drive, Santa Barbara CA, 93105: One of the more incredible Craftsman style homes you will enter. This dramatic & private hand done 2 bed / 2 bath creek side home is a masterpiece. Hardwood floors, 3 fireplaces, venetian plaster, hand done sliding doors to several creek side patios, stain glass throughout, beam ceilings, dramatic kitchen with granite counters, 2 stunning baths. One of a kind home in a magical setting. This home was listed for $1.4 million and closed for $1,335,000.
2949 Ventura Drive, Santa Barbara CA, 93105:. This charming 1929 English Tudor with a British Colonial-style flare was significantly expanded in 1991 and lovingly remodeled by the current owners. Boasting 4 bedrooms, 3 baths, a large family room, detached studio, separate office, 2-car garage and ample storage, this property offers over 2,700sq.ft. of flexible living space in a magical and private setting on a quiet San Roque street. This homes was listed for $1,465,000 and closed for $1,418,000.
1445 Jesusita Lane, Santa Barbara CA, 93105: Boasting over 5400 SF of extensively renovated living space, this private & gated 6 bed, 5 bath Spanish estate offers panoramic views of the Santa Barbara coastline. Set on 3 private acres, complete with orchard (over 30 fruit & avocado trees) & nearby hiking trails, this estate offers both rural privacy & convenience to downtown (just 1.5 miles from State St). Great layout w/ spacious Guest apt.
Luxury finishes include nearly 5000 SF of distressed hickory floors throughout; five completely remodeled bathrooms including a spacious master bathroom with claw-foot tub; luxury kitchen with honed Travertine counters, raised breakfast bar, professional Viking 6 burner stove, GE professional profile series fridge, oven, microwave, and dishwasher; 3 fireplaces (master bed, family room, and living room); coved ceilings throughout; new exterior paint; new interior hand texture and paint; recessed lighting and decorative sconces throughout; new Andersen windows and french doors; central heat with dual zone climate control and A/C; over 800 SF of outdoor patios for entertaining and enjoying panoramic views; and a potential guest apartment or in-law quarters on the lower level with private entrance, living room (incl. wet bar/kitchenette), full bath, and large bedroom with great closet space. This home was listed for $1,995,000 and sold for $2.1 million.
- What Kind of Real Estate Can You Purchase for $1 Million…$2 Million?
- March 2013 Santa Barbara Real Estate Market Update
- Lack of Inventory Tough on Buyers
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.