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Kevin Schmidtchen

Realtor
Sotheby's International Realty

1436 State Street

Santa Barbara, CA 93101

[email protected]

Phone or Text

(805) 689-6877

Market Statistics / Updates

2013 Campanil Hill and Yankee Farm Real Estate Year End Review

Santa Barbara Real Estate Voice Located on the sea-cliff just outside the boundaries of Hope Ranch, Campanil Hill and Yankee Farm is a gorgeous private feeling neighborhood filled with larger homes and estates.  The Campanil Hill and Yankee Farm Real Estate values average around $1.5 million to $4 million with the larger estates near the oceanfront seeing up to $8 million. The area is not too large and some years does not see much real estate activity at all.  2013 comparatively saw a decent amount of real estate transactions compared to the last several years. Below is a... Continue Reading >

2013 Real Estate Year End Review for The Mesa Neighborhood in Santa Babrara

Santa Barbara Real Estate Voice The Mesa area of Santa Barbara has once again seen a very strong year in 2013 with regards to sales and especially price gains.  Since the bottom of the market in June 2012, The Mesa has seen significant attention with continued buyer demand and lack of supply.  Lack of inventory has driven up the prices for your "standard" single family home to near record levels.  It can be argued that the prices are close (within 5-10%) to where they were at the peak in 2006. Anytime a new listing comes up... Continue Reading >

Santa Barbara Real Estate Market Update – Statistics 3rd Quarter 2013

Santa Barbara Real Estate Voice Here are the latest real estate statistics for the 3rd quarter 2013 here in Santa Barbara.  As the graph shows, we have continued on a steady increase over the last few years in both average sales price as well as number of homes sold (although down just a little from last year).  After a very strong rise in prices from June 2012 until August 2013, the market has seemed to steady itself.  Prices are currently very stable feeling (no increase or decrease), demand is still very high and the biggest... Continue Reading >

Where Have The Foreclosures Gone in Santa Barbara?

Santa Barbara Real Estate Voice Compared to many other towns across California, Santa Barbara's real estate market has held up (or recovered) pretty well since the market "crashed" in 2007.  After dropping roughly 50% from peak prices, our real estate market has rebounded on average about 22-25% across the board.  In the last 16 months, the market has been incredibly strong across all price points with a huge buyer demand. One main reason for this spike in our market has been the limited inventory...and part of this has been the reality that there are not many... Continue Reading >

2013 Year to Date Santa Barbara Riviera Neighborhood Real Estate Sales

Santa Barbara Real Estate Voice With Santa Barbara real estate seeing rising prices in pretty much every area here in Santa Barbara since the beginning of the year, I wanted to break down some of the recent sales and current activity in the different areas of town over the coming weeks. Here I wanted to show a quick glance of what you can expect with prices in the desirable Riviera neighborhood.  For most of us, we tend to break down The Riviera into lower (below APS) and upper (above APS).  For my purposes here, I will... Continue Reading >

May 2013 Santa Barbara Real Estate Market Snapshot

Santa Barbara Real Estate Voice Here is the May 2013 Santa Barbara Real Estate Market Snapshot for Inventory, Listings and Sales.  Overall the market continues to be tight with limited inventory. This graph below shows the seasonality of the inventory and sales.  As you will see, May 2013 listings were down 9% from last month and down almost 5% from May of 2012. We are now into the middle of June and although inventory is still tight, prices hint at starting to stabilize.  I think it is a common discussion with realtors and their clients and as... Continue Reading >

San Roque Real Estate Update – Peabody School District May 2013

Santa Barbara Real Estate Voice 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... Continue Reading >