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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

Santa Barbara Real Estate Market Update January 2013

Santa Barbara Real Estate Voice No real change from the end of last year.  As we "seemingly roll" here into 2013, the Santa Barbara real estate market continues to be very very strong with the overriding theme being the lack of inventory.  Across the bulk (heart) of our market from $300,000 to $2,000,000, the lack of inventory is keeping prices strong and rising and buyers very ready as they know they have to sometimes write offers in as little as 1-3 days of a new listing coming on the market. Here are the latest January 2013 statistics for... Continue Reading >

Santa Barbara Real Estate Market Update for November 2012

Santa Barbara Real Estate Voice Here are the latest statistical numbers for monthly inventory of Santa Barbara properties for sale, combined with new listings and closed sales.  The constant is simply that new listings are down and our inventory continues to lag behind the demand of buyers.  Even as we now approach the X-mas holidays, there are numerous buyers out there looking and waiting.  After roughly 5 years of the Santa Barbara real estate market being a predominantly buyers market, we have completely switched here in the last few months. Sellers are now able to sell their... Continue Reading >

Santa Barbara Ranked As One of Best Housing Markets For the Next 5 Years by Business Insider

Santa Barbara Real Estate Voice This last week, Business Insider published and article (by Mamta Badker) ranking the 15 best housing markets for the coming 5 years.  Just as I have been pointing out with statistics over the last 5 months here in Santa Barbara, our market is strong.  Here below is a quick excerpt from the article that puts Santa Barbara 5th best on the list of 15 real estate markets. "National home prices are expected to climb 0.3 percent in the next year, according to the latest home price report by Fiserv Case - Shiller.... Continue Reading >

5 Year Average Selling Price For Santa Barbara Real Estate

Santa Barbara Real Estate Voice Here is a great simple graph that looks at the overall average selling prices for homes here in the Santa Barbara area.  The graph breaks down the prices into the main neighborhoods of Santa Barbara...Montecito, Santa Barbara proper, Carpinteria / Summerland, Hope Ranch and Goleta. One of the first obvious looks shows that our high end properties are really starting to see a big increase in demand.  Both Hope Ranch and Montecito have seen prices increase a good amount in the last 12-18 months.  Demand in our very high end market (roughly... Continue Reading >

Carpinteria CA Real Estate Market Update Sales Comparison 3rd Quarter 2012

Santa Barbara Real Estate Voice After looking at all the MLS listings that are currently Active here in Carpinteria, the same story is being told as our overall Santa Barbara real estate market.  There is simply not that much available inventory and the homes / condos that are on the market tend to be either too high priced or are just in the higher end market ($1.5 million or above) where there are simply a few less buyers. The least expensive single family home on the market is a new listing that just came on this... Continue Reading >

Hope Ranch Real Estate Market Statistics Santa Barbara CA – 3rd quarter 2012

Santa Barbara Real Estate Voice Hope Ranch real estate has seen a good amount of activity so far in 2012.  All across the board from the entry level homes (for the area) up to $20 million estates, properties are selling. The highest sale year to date was a magical 14 acre "Trophy Estate" set along the bluff top that closed for just over $18 million.  Outside of this, 25 other properties have closed sale this year with many "fixers" and entry level homes priced in the $1 to $1.5 million range. Overall, the Hope Ranch real estate... Continue Reading >

Goleta CA Real Estate Market Update 3rd Quarter 2012 – Extremely Strong Market

Santa Barbara Real Estate Voice This market update is redundant, but the overall real estate market here in the Santa Barbara area continues to be very strong.  Goleta real estate is no exception and could be as strong as any market we have over the last several months. It seems that every listing in the entry level market (from around $450,000 to $700,000) is seeing multiple offers without exception.  Clients need to be ready day one on simply every listing that comes up. Here below are some recent market stats of comparable prices over the last several years (3rd... Continue Reading >