Luxury Real Estate

Feb 7th	New Luxury Bank Owned Opportunity – Montecito Foreclosure with Great Views $3.5 Million
2010	Categories: Foreclosures & Bank Owned, Luxury Real Estate, Montecito

One of the few luxury banked owned homes to come onto the market happened this last week.  The bank will be taking a look at offers early this coming week.  Wonderful ocean, harbor and city views on roughly 1.3+/-acres.  Currently under construction although much of the home is complete.  3 bedrooms, 2.5 baths with a guest home, 3 car garage which is still under construction and in the beginning stage of being converted into a 2 bedroom guest home.  Can be converted back to garage or will need to submit permits to continue work.  This is a true opportunity. View Listing Further... Read more

Tags: montecito foreclosure, montecito luxury foreclosures

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Feb 4th	The Top 10 Most Expensive Real Estate Sales in Montecito CA. in 2009.
2010	Categories: Luxury Real Estate, Montecito

The coastal paradise of Montecito CA. seems to always find its place in the top 10 most expensive neighborhoods in the United States.  It is not hard to argue with this based on the quality of life that it offers with the small village feel, gorgeous scenery, ocean views and coastal beaches, access to Santa Barbara etc. In 2009, after a slower start to the year, there continued to be the buyer demand we have been used to for quality properties in Montecito and Santa Barbara in general.  Although prices have dropped 20-35% from the peak a few years back, the... Read more

Tags: montecito top 10 most expensive real estate sales 2009

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Nov 18th	The Top 10 Most Expensive Beachfront Real Estate Sales in Santa Barbara, Montecito and Carpinteria CA.
2009	Categories: Luxury Real Estate, Santa Barbara, The Oceanfront Areas

Year to date, here is a list of the top 5 most expensive beachfront real estate sales for 2009 here in the Santa Barbara, Montecito, Summerland and Carpinteria CA areas.  Most of the beachfront sales in the last 15 months have been at prices about 30-40% from the peaks in early 2008.  Of all the markets here in the Santa Barbara area, our luxury beach front real estate has most likely taken the hardest hit in values.  4385 Marina Drive, Santa Barbara CA., 93108.  Sold for $12,800,000.  Rising from a sun-drenched promontory overlooking the Pacific, "Terra Bella" is a magical romantic... Read more

Tags: montecito oceanfront real estate sales 2009, santa barbara beachfront real estate sales 2009

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Nov 11th	The Top 10 Most Expensive Condo / Townhome Real Estate Sales in Santa Barbara CA in 2009
2009	Categories: Luxury Real Estate, Market Statistics / Updates, Santa Barbara

Year to date, here is a list of the top 10 most expensive condo / townhome real estate sales for 2009 here in the Santa Barbara area.  Most of the sales in the last 15 months have been at prices about 20-25% below the peak in late 2007.  4763 Sandyland Road, Carpinteria CA., 93013.  Sold for $4,000,000.  Classic Santa Barbara CA living in this beautiful, oceanfront - toes in the sand, gated 3 bedroom, 2.5 bath beach home.  Enjoy wonderful unobstructed ocean, island and mountain views, sea breezes & breaking scenery.  Amenities include a large living room and luxury master suite,... Read more

Tags: santa barbara expensive condos, santa barbara luxury condos townhomes, top 10 real estate condos santa barbara

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Sep 29th	The Latest Chapala Luxury Townhome Project, El Andaluz – Santa Barbara CA.
2009	Categories: Downtown Neighborhood, Luxury Real Estate

The familiar designs of Jeff Shelton here in Santa Barbara, CA. are now well recognized.  His latest development called El Andaluz, located at 531 Chapala Street is a 3-story, Moroccan influenced condominium project designed around an open-air courtyard.  A total of seven very high quality residential homes with luxurious finishes are now for sale.  According to the website, full construction of the complex will be completed by the end of 2009, 3 of the 7 have sold and one is currently pending sale (under contract). Based on the results of last few major projects that are lining this corridor, El Andaluz is... Read more

Tags: chapala santa barbara, santa barbara luxury townhomes

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Sep 16th	Montecito CA. Luxury Real Estate Sales – Statistics Through Sept 15th, 2009
2009	Categories: Luxury Real Estate, Market Statistics / Updates, Montecito

Here and there I am proposed various questions from clients about the luxury market here in Montecito CA., such as where are the most famous homes located and/or what is the most expensive home to sell this year or any year for that matter.  Many times though it is as "simple" as what is the true definition of luxury real estate here in the Montecito area.  The answer is that there is no exact definition of luxury real estate and this varies greatly depending on the circumstances, whom you talk to, location in our town etc.  But in order to... Read more

Tags: montecito luxury real estate, Montecito Luxury Real Estate Sales 2009

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Sep 16th	Carpinteria CA. Luxury Real Estate Sales – Statistics Through Sept 15th, 2009
2009	Categories: Carpinteria, Luxury Real Estate, Market Statistics / Updates

Here and there I am proposed various questions from clients about the luxury market here in Carpinteria CA., such as where are the most famous homes located and/or what is the most expensive home to sell this year or any year for that matter.  Many times though it is as "simple" as what is the true definition of luxury real estate here in the Carpinteria area.  The answer is that there is no exact definition of luxury real estate and this varies greatly depending on the circumstances, whom you talk to, location in our town etc.  But in order to... Read more

Tags: carpinteria luxury real estate, carpinteria luxury real estate sales 2009

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Sep 15th	Hope Ranch CA. Luxury Real Estate Sales – Statistics Through Sept 15th, 2009
2009	Categories: Hope Ranch, Luxury Real Estate, Market Statistics / Updates

Here and there I am asked from clients and non clients various questions about the luxury market here in Hope Ranch CA., such as do you know where famous homes are located at and who lives there and/or what is the most expensive home to sell this year or any year for that matter.  Most of  the time though it is as "simple" as what is the true definition of luxury real estate here in the Hope Ranch area of Santa Barbara.  The answer is that there is no exact definition of luxury real estate and this varies greatly depending... Read more

Tags: hope ranch luxury real estate, hope ranch luxury real estate sales 2009

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Sep 15th	Santa Barbara Luxury Real Estate Sales – Statistics Through Sept 15th, 2009
2009	Categories: Luxury Real Estate, Market Statistics / Updates, Santa Barbara

Here and there I am proposed various questions from clients about the luxury market here in Santa Barbara CA., such as where are the most luxurious homes located and/or what is the most expensive sale this year.  Many times though it is as "simple" as what is the true definition of luxury real estate here in our area.  The answer is that there is no exact definition of luxury real estate and this varies greatly depending on the circumstances, whom you talk to, location in our town etc.  But in order to provide some statistics, I am going to break... Read more

Tags: santa barbara luxury real estate sales, santa barbara luxury real estate statistics 2009

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Aug 18th	Santa Barbara CA. Real Estate Among “Pricey Cities That Pay Off”
2009	Categories: Luxury Real Estate, Santa Barbara

10 Pricey Cities that Pay Off by Matthew Bandyk of US News and World Report (short excerpt) "When you pay a lot of money for something, you hope to get a lot of value in return. Despite the housing downturn and the number of cheap houses it has left in its wake, there is still plenty of expensive land left. According to the Global Property Guide, an online real estate investor's guide, New York might have slipped from the second-most-expensive city in the world in 2008 to the sixth most expensive in 2009, but an average 120-square-meter (1,300-square-foot) apartment in the central business... Read more

Tags: santa barbara pays off, santa barbara pricey

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Jul 21st	Santa Barbara and Montecito CA. Luxury Real Estate Sales Update — First 6 Months 2009
2009	Categories: Luxury Real Estate, Market Statistics / Updates

--For our purposes here, I am going to refer to the luxury market here in our area as anything over $5 million. For the first 6 months of 2009, there were a total of 14 closed sales of luxury single family homes and condos here in Carpinteria, Montecito, Santa Barbara and Goleta CA.  As of July 1st, 2009, there were 3 properties in this luxury market that were pending sale (under contract). The highest sale within this luxury market was a French Country Estate built over 5 years with exceptional grounds and quality throughout, 7.5 acres, pool, spa, tennis court, privacy, views,... Read more

Tags: montecito luxury real estate market, santa barbara luxury real estate market

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Jul 17th	Santa Barbara CA. Oceanfront / Beachfront Real Estate Sales Update — First 6 Months 2009
2009	Categories: Luxury Real Estate, Market Statistics / Updates, The Oceanfront Areas

  For the first 6 months of 2009, there were only 3 closed sales of single family homes and condos directly along the Oceanfront here in Carpinteria, Montecito and Santa Barbara CA.  As of July 1st, 2009, there were 0 properties directly along the Oceanfront area that were pending sale (under contract). The highest sale directly along the Oceanfront was a Mediterranean style home located in the cove in Montecito located at 1631 Posilipo Lane, Montecito CA., 93108.  The sales price was $8,300,000. Overall, this market directly along the Oceanfront was much slower than the last few years.  Also, prices on average have... Read more

Tags: santa barbara oceanfront property sales, santa barbara real estate oceanfront

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