Santa Barbara Real Estate Voice » Hope Ranch

Santa Barbara Real Estate – Hope Ranch Real Estate Market Update June – October 2011

kevinschmidtchen — Fri, 11 Nov 2011 17:17:45 +0000

So where has the market been in Hope Ranch here in Santa Barbara? Overall, the real estate market in the Hope Ranch area has been a little slower than normal and most sales have been in the lower end price point for this area. Here is simple to view summary of the real estate market for Hope Ranch for the summer months through until the end of October 2011.

Closed Sales in the Hope Ranch Area

During these 5 months from June – October, Hope Ranch has had approximately 13 Closed sales of single family homes. The lowest priced sale that was recorded during this stretch of the year was a bank owned home located at 926 Canon Road that closed for $1,210,000. Homes in this price range are tending to get multiple offers when priced well and this home was no exception with 8 reported offers. The highest sale during this time was a wonderful masterfully created Spanish Revival Style Estate with ocean views that closed for $7,200,000.

Current Active Homes for Sale in Hope Ranch

Currently as of November 1st, 2011, there are approximately 25 homes available for sale or pending sale in the Hope Ranch area. The lowest priced available home is a bank owned home located on Las Palmas that once again reportedly just received several offers and is now pending sale. It was a true fixer and priced accordingly at $1,039,500. Once again, any home that is priced at this entry level price point for Hope Ranch (roughly $1 to $1.4 million) is generally seeing multiple offers.
Currently the highest priced homes and estates on the market in Hope Ranch are priced at $9.9 million, $11.8 million and $24.5 million.

Hope Ranch Real Estate - Santa Barbara

Hope Ranch Homes For Sale - Santa Barbara

Hope Ranch is located west of Santa Barbara and is essentially a high end neighborhood of Santa Barbara only a 2-3 minute drive from downtown.

View: All Current Active listings in Hope Ranch in the Santa Barbara MLS

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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.

Santa Barbara, Montecito and Hope Ranch CORT Report on Yearly Real Estate Market Price Changes

kevinschmidtchen — Thu, 08 Sep 2011 18:53:29 +0000

Here are some of the latest statistics for the CORT reports for real estate here in Santa Barbara, Montecito and Hope Ranch CA. These statistics give a quick overview of comparative price changes in the real estate market in the month of July for the last 8 years.

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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.

What Are Considered the Higher End Neighborhoods in Santa Barbara?

kevinschmidtchen — Sun, 03 Jul 2011 20:01:46 +0000

When talking about Santa Barbara proper, the high end real estate market is usually referred to as home prices $2 million and above, although this is obviously pretty subjective. For example, within Montecito proper, most people would consider the high end there to start at around $ 5 million.

So what are the highest priced neighborhoods in Santa Barbara?

Number 1 on the list is Montecito with Hope Ranch not being too far behind. Montecito continuously finds itself within the top 10 zip codes nationally with the “average priced home” selling somewhere in the $2 – $4 million price point. One of the things that sets Montecito apart from most high end areas around the country is the extreme high end values. Within Montecito there is a legitimate real estate market of homes in the $12 – $20 million price point. Only a handful of areas in our country have this and most all of them sit next to a major city.

Hope Ranch follows Montecito as the second most exclusive area within Santa Barbara. Most of the “average homes” in Hope Ranch tend to sell somewhere between $1.7 and $3 million. Hope Ranch also has a very high end with values within this high end ranging from $7 to $20 million.

The next highest end neighborhood is most likely The Riviera. This is the beautiful “hill” that lines the town of Santa Barbara with most likely 50-70% of homes having gorgeous island and ocean views. The “average home” on The Riviera tends to sell for somewhere between $1.4 and $2.8 million.

The Upper East is considered the oldest established in-town residential area just off State Street. Most of the homes simply have larger yards and wonderful settings, but tend to be much bigger homes on average. The “average home” here also tends to sell for somewhere between $1.4 and $2.8 million.

The final higher end neighborhood is a little nook of a neighborhood along the ocean just outside of Hope Ranch called Campanil Hill and Braemar. Most of the homes that tend to sell here have spectacular ocean views and range from $1.3 to $3 million on average with the highest end most likely around the $4-7 million price point.

These 5 areas are not the only high end areas in Santa Barbara as many other areas have homes selling easily above the $1.5 million price point such as The Mesa, The Foothills, scattered ranches and anything along the ocean front. With that said, Montecito, Hope Ranch, The Riviera, Campanil Hill and The Upper East are for most people considered the “higher end neighborhoods” within Santa Barbara.

View: Santa Barbara Real Estate $1-3 Million

View: Santa Barbara Real Estate $3-5 Million

View: Santa Barbara Real Estate $5 million and Above

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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.

How Much Does an Ocean View Home Cost in Santa Barbara CA?

kevinschmidtchen — Fri, 10 Jun 2011 16:48:46 +0000

There are many different reasons why we all choose to live here in Santa Barbara. Each and everyone one of them add up to a great quality of life. Among the most obvious are the medium sized town, the culture and arts, the restaurants, the weather, all the outdoor pursuits…you name. There are many wonderful realities of a life here on The American Riviera.

Although the beach and the ocean are never more than a few minutes away for all of us, some of us are blessed with having homes with wonderful ocean and island views. With all the different null tops around our town, there are also many different “ocean views.” Locals have become somewhat jaded with their opinions on what constitutes a “good ocean view”, and thus begs the question…How Much Does an Ocean View Home Cost here in Santa Barbara?

Generally speaking, the areas of town that have the most legitimate ocean views are The Mesa, The Riviera, Montecito, Hope Ranch and Summerland. There are pockets of ocean view homes everywhere, but these are the main areas with an abundance of ocean view property.

On The Mesa you are generally looking at a starting point of around $900,000 to find an ocean view home with the bulk ranging from around $1,000,000 to $1,300,000. On The Mesa you can easily go up to $2 million for a great ocean view home as well as $3 million for a bluff top ocean view home.

Santa Barbara - The Mesa Ocean View

On The Riviera you are generally looking at a starting point of around $1,000,000 million for an ocean view home with the bulk of ocean view homes from around $1,200,000 to $2,000,000. The high end ocean view homes on the Riviera generally fall into the $1,700,000 to $3,500,000 price point.

Santa Barbara - Riviera Ocean View

In both Montecito and Hope Ranch, you are generally looking at at least $1,700,000 for a starting point for an ocean view home and at this price point it will be a fixer. A quality ocean view home in both these areas will start at around $2,200,000 with the bulk of “good ocean view” homes going much higher.

In Summerland most all of the homes are ocean view homes. Prices generally start at around $600,000 for a fixer ocean view home with the bulk of these being around $800,000 to $1,500,000. The biggest issue with Summerland is that most homes have some freeway noise.

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Most Significant Luxury Montecito and Santa Barbara Real Estate Sales in 2011…So Far

kevinschmidtchen — Tue, 08 Mar 2011 17:07:21 +0000

2011 has started off the year once again with the upper end of our market feeling fairly active. There seem to be a bunch of buyers looking around above the $3 million price point, with several homes going into escrow. So far in 2011, we have had our share of significant closed sales here in the upper end in Montecito, Santa Barbara, Goleta and Carpinteria.

Montecito Sales

770 San Ysidro Lane, Montecito CA 93108. Listed price $6,300,000. Sales price $5,650,000. This 6 bedroom / 8 bathrooms gated estate is located near San Ysidro Ranch in Montecito’s Golden Quadrangle. This stylish home lends itself to grand entertaining with the flow of indoor / outdoor spaces, highlighted by 2 pools and spacious lawns. Sophisticated, yet inviting, the home has high-end appliances & finishes, a family room and media room and a guest house.
361 Ortega Ridge Road, Montecito CA 93108. Listed price $6,950,000. Sales price $5,300,000. Enjoy expansive, panoramic views of the Montecito Valley, mountains & ocean. Set on 1.4+/- acres with beautiful gardens, swimming pool, pool house & tennis court. This distinctively designed 5700+/- sq. ft. home combines indoor/outdoor living and features, 6 bedrooms, 5 full baths, office/den, formal living and dining rooms, family room, wet bar, 3-car garage and much more.
339 Santa Rosa Lane, Montecito CA 93108. Listed price $4,995,000. Sales price $4,250,000. Extensive remodel on this extremely well located Montecito home in MUS district. Panoramic mountain views captured from almost every room. Everything redone including underground utilities. New hardwood floors, dual zone heat/air, 3 stone fireplaces, romantic master suite w/his/her baths, 3 other en suite bedrooms, guest house, gorgeous pool/spa with shade pavilion. Must see to appreciate.
786 Hot Springs Road, Montecito CA 93108. Listed price $5,650,000. Sales price $3,930,000. Captivating English Tudor estate is nestled on over 1½ lushly landscaped acres. Main home enjoys 4bd/4.5ba, library/den, gleaming kitchen opening to large terrace w/BBQ, lavish master suite. Also includes spacious pool house, sparkling pool/spa, ponds, tennis court, brick & stone patios, beautiful trees, extensive lawns, & wonderful mountain views. Outstanding detail & superb craftsmanship throughout!
1720 Glen Oaks Drive, Montecito CA 93108. Listed price $3,795,000. Sales price $3,600,000. Magnificent Mediterranean estate situated on 1 beautifully landscaped acre & features superior quality throughout! Extensively remodeled, boasting designer finishes, 4bd/4.5ba, 5 fireplaces, gourmet kitchen, formal living /dining room, family room, hardwood floors, cathedral beam ceilings. Also a large separate cottage, top-of-the-line outdoor kitchen, sparkling pool w/spa, & entertaining patios.

Santa Barbara and Hope Ranch Sales

440 Via Dichosa, Santa Barbara CA 93110. Listed price $7,950,000. Sales price $6,100,000. One of the very best in Hope Ranch, this approximately 9,000 sq. ft. residence — defined by understated elegance, quality and comfort — features construction and classic architecture that will stand the test of time. This spectacular home offers premium views of Laguna Blanca Lake, the mountains and Goleta Valley and hosts all the amenities you could ever imagine.
3475 Marina Drive, Santa Barbara CA 93110. Listed price $4,950,000. Sales price $4,825,000. Prominent Mediterranean Estate featuring unobstructed bluff-top ocean & island views from most rooms in this exquisitely crafted, single-story home. Completed in 2008, the thoughtfully designed spaces connect seamlessly to the private & lushly landscaped grounds to provide all of the elements most desired for today’s luxury coastal lifestyle.
1368 Via Veneto, Santa Barbara CA 93111. Listed price $3,495,000. Sales price $3,050,000. La Romana Estates… A Way of Life… Ever changing vistas of the Islands, coastline & Mountains provide the dramatic backdrop for this brand new Mediterranean estate. Located in a gated enclave of only 24 sites, this custom 5 bedroom, 5 bath home with 3 car garage features a splendid entry courtyard with fountain & a rooftop entertainment terrace w/330 degree views, fireplace & vertical valet.

Goleta and Hollister Ranch and Gaviota Sales

575 Refugio Road, Goleta CA 93117. Listed price $10,990,000. Sales price $10,000,000. Historic ‘Rancho Refugio’ Caldwell Ranch 449+Acres has a long history from the early 18th century. Located just north of Santa Barbara and has an abundant water supply from 15 existing water wells. Ideal setting for the income producing lemon and avocado orchards and for the 4 income residences. Main Ranch House with pool offers mountain and distant Pacific Ocean views.
111 Hollister Ranch Road, Goleta CA 93117. Listed price $6,000,000. Sales price $6,000,000. Rare parcel in Hollister Ranch with main house and barn guest quarters. Parcel 111 is in a prime location, just 8 minutes from the gate and 3 minutes to private beaches. The main house is just 3 yrs old, contemporary ranch style built with top quality construction and eco-friendly materials. Beautiful canyon views, open floor plan with indoor/outdoor living flow and wonderful pool area.

View: Current Real Estate Listings $ 3 Million to $7 Million

View: Current Real Estate Listings $ 7 Million and above

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Santa Barbara Real Estate Cort Reports January 2011

kevinschmidtchen — Wed, 16 Feb 2011 20:53:59 +0000

Here are the latest CORT reports for the Santa Barbara real estate market for the areas of Hope Ranch, Goleta, Carpinteria and Summerland.

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November 2010 Cort Reports Santa Barbara, Montecito and Hope Ranch

kevinschmidtchen — Tue, 07 Dec 2010 18:47:33 +0000

Here are the latest Cort reports for sales here in the Santa Barbara area for the month of November 2010 for Santa Barbara proper, Montecito and Hope Ranch.

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2010 Top 10 Oceanfront Real Estate Sales For Montecito, Santa Barbara, Hope Ranch and Carpinteria

kevinschmidtchen — Mon, 08 Nov 2010 05:14:36 +0000

The dream of living on the ocean. For most, this is the ultimate…especially if it is here in our wonderful home of Santa Barbara. Fresh air, pounding waves, sand at your toes…

With 2009 being a pretty tough year for oceanfront real estate sales in the Santa Barbara, Carpinteria and Montecito areas, 2010 has seen solid sales for most of the year. Prices on average have come down anywhere from 35-40% from their peak in 2007, but now seem to hit good stable price benchmarks. Almost anything above these price benchmarks are simply sitting on the market.

Here are the top 10 Oceanfront sales in our area for 2010:

4181 Creciente Drive, Hope Ranch CA, 93110. Sales Price $18,440,000. Spectacular oceanfront estate on nearly 8 acres with breathtaking ocean and island views, 2 parcels with rare paved golf-cart path down towards the local beach. Remodeled 4 bed 5 bath Main House with large wine cellar, media room, exercise room & paneled study. Large 3 bed 3 bath guest house, pool, cabana, lighted tennis court, putting greens, acres of manicured lawns, pond, lush landscape, gated & very private.
591 Sand Point Road, Carpinteria CA 93013. Sales Price $16,250,000. Stunning contemporary Cape Cod on 190′ of beach frontage in private gate-guarded enclave of Sand Point Lane. Beautiful high end construction all single level. Windows everywhere with ocean and island views. Private access to beach.
1801 Fernald Point Lane, Montecito CA 93108. Sales Price $15,500,000. Beachfront in Montecito is the perfect location for this stunning five bedroom contemporary with Mediterranean influences. Magnificent views of the ocean, high quality custom details throughout, spacious public rooms, chef’s kitchen, inner sun-filled courtyard, tiled pool and outdoor terraces with steps to the beach, the union of sand, sea and sky complete this comfortably luxurious oceanfront estate.
1169 Hill Road, Montecito CA 93108. Sales Price $12,943,000. Ocean, mountain and harbor views near the Biltmore Hotel in a picturesque setting. Priced together: the House and primary lot on Hill Road, including the two lower separate legal parcels enter on Channel Drive. There are a total of three lots.
571 Sand Point Road, Carpinteria CA 93013. Sales Price $10,700,000. The Hamptons in Santa Barbara. Spectacular Paul Gray designed Cape Cod masterpiece on 1.42 ac in the prestigious Sand Point beach colony. 133’ of “on the sand” frontage. 2 bed plus 1 bath guest house. Never before on the market. Enormous seaside deck for dining and entertaining, plus lap pool. Lower level via elevator or stairs has additional 3055 SF of finished space. All year resort lifestyle.
1115 Hill Road, Montecito CA 93108. Sales Price $8,500,000. California beach cottage moments from butterfly beach with private gate to Channel Drive. The beautiful gardens adorn this 3 bedroom, 3 bath beach hide-away set on .68+/- acres. Mature landscaping and stunning ocean and island views. Montecito Union school district close to Coast Village Road shopping; Four Seasons Biltmore and Music Academy of the West. Excellent location!
8096 Puesta del Sol, Carpinteria CA 93013. Sales Price $5,700,000. Beachfront!! Gorgeous newer Cape Cod estate with fabulous panoramic ocean, coastline & surf line views on the sand within the gates of Rincon Point. Wood floors, open beam ceilings & French doors are enjoyed throughout this spacious home w/library, office, formal dining, & circular tower room. Outdoor fire place, spa and lovely landscaping!
1813 Fernald Point Lane, Montecito CA 93108. Sales Price $5,100,000. This idyllic beachfront sanctuary in Fernald Cove captures the air of relaxed sophistication that embodies the Montecito lifestyle. A separate guest Apartment, spa, wine cellar, darkroom compliment this oceanfront home.
2547 Medcliff Road, Santa Barbara CA 93109. Sales Price $3,175,000. Mid-Century 4 bed 2 bath Contemporary in very good condition on 1.11 acres with panoramic ocean & island views and a vast 162′ of ocean frontage. Hardwood floors, open beam ceilings and fireplace. Pool & spa. Steps from a 70 acre oceanfront preserve with meandering paths & magnificent trees.
2417 Medcliff Road, Santa Barbara CA 93109. Sales Price $2,895,000. This is a very special oceanfront property. No traffic, no train, no freeway. Down a private drive ”easement” in a quiet, secluded and private location with magnificent ocean & island views across a beautifully manicured back yard and sparkling pool. Spacious bungalow with beautifully remodeled kitchen and a very warm wood motif.

View: Montecito and Santa Barbara Real Estate $5 Million and Above

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Luxury Real Estate Sales $10 Million and Up – Santa Barbara, Montecito, Hope Ranch and Carpinteria CA

kevinschmidtchen — Sun, 29 Aug 2010 18:18:52 +0000

When talking about luxury real estate here in the Montecito and Santa Barbara areas, everyone will have their own opinion of what this means and at what price point luxury real estate starts at. While many other luxury resort areas have very expensive exclusive homes from $3-10 million, Santa Barbara is one of the few areas that also has numerous inventory and sales in the ultra high-end price point…$10 Million and above.

Here is a breakdown of the ultra luxury real estate activity here in 2010 as of August 28th (MLS Statistics):

Current Active Listings $10 Million and above – 28
Current Pending Sales of properties $10 Million and above – 10
Closed Sales of properties $10 Million and above – 3

Note: If you are in this high end market, at any time there are several pocket listings for sale as well as closed sales each year. Please feel free to contact me if you would like to learn about these pocket listings.

View: Current Listings $5-10 Million

View: Current Listings $10 Million and Above

Luxury Montecito and Santa Barbara Real Estate

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Hope Ranch Real Estate Sales – First 6 Months 2010

kevinschmidtchen — Sun, 15 Aug 2010 18:44:20 +0000

For the first 6 months of 2010, there were a total of 10 closed real estate sales in the Hope Ranch area. This is in comparison to only 7 closed sales in the first 6 months of 2009.

Below I have broken down these closed sales into price points for comparison of the last 2 years and to see how our upper end real estate market has really started to stabilize and rebound here in the Hope Ranch area in the last several months. Note: Historically there simply are not as many sales in our high end area of Hope Ranch as compared to our other high end areas in town.

First 6 Months Comparison 2009 vs. 2010

Sales $1 Million to $3 Million

Hope Ranch Real Estate - Santa Barbara CA

2009 – 5 Sales
2010 – 5 sales

Sales $3 Million and Above

2009 – 2 Sales
2010 – 5 Sales

View: Current Hope Ranch Real Estate Listings up to $3 Million

View: Current Hope Ranch Real Estate Listings $3 – $5 Million

View: Current Hope Ranch Real Estate Listings $5 Million and Above

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