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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

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 >

March 2013 – Santa Barbara Real Estate Market Statistics

Santa Barbara Real Estate Voice Here is a summary of the latest statistics for the Santa Barbara real estate market for March 2013.  Over the last several weeks we have seen a definite increase in inventory, especially in the Goleta area.  Much of the new inventory has been in the $600,000 to $900,000 range.  Buyers are still very active and almost all the inventory is selling off within days to only a few weeks.  Prices in general still are on the climb, although it feels a little more stable just in the last few weeks. Some... Continue Reading >

Santa Barbara Real Estate – February 2013 Sales Inventory and New Listings Report

Santa Barbara Real Estate Voice Here are the latest February 2013 statistics for Inventory, Listings and Sales here in Santa Barbara proper. The number of new listings for February 2013 was 174, down 9.4% from the 192 listed in January, but up a little from the 165 listings in February of last year. Overall, we are still dealing with lack of inventory, although we do seem to have improved here in certain segments of the market over the last several weeks. As you look at the top graph below as a whole, you will notice the blue shaded area... Continue Reading >

2012 Santa Barbara Real Estate Year in Review

Santa Barbara Real Estate Voice A little late to be doing a recap of the 2012 real estate market here in the Santa Barbara area, but with the last 5 weeks filled with a combination of my family getting sick, being extremely busy with work and the lack of sleep because of our new little baby...that is what unfortunately happens. So what happened in 2012? In hindsight it is now very clear to see that anyone who had the foresight to buy property from around October 2011 - April 2012 were able to time the bottom of our real estate... Continue Reading >