photo

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

Yearly Sales Price Comparison for The Montecito CA Real Estate Market

Santa Barbara Real Estate Voice How are overall prices and number of homes sold compared to the last 4-5 years? Here below is a quick look at the overall comparisons in both prices of single family home sold in Montecito CA. from 2008 to the present, as well as the number of homes actually sold.  As you will see, overall sales since the downturn in 2008 have really picked up in the Montecito area, especially over the last 12 months.  In addition, the average price of homes selling has come off the bottom. In hindsight, most people are... Continue Reading >

More Statistics Confirming That The Santa Barbara Real Estate Market is Very Very Strong!

Santa Barbara Real Estate Voice Here are some recent statistics about how strong the real estate market has become here in Southern California and especially in the Santa Barbara area. The number of sales in Southern California is up 9% from July and 14.2% from the same month last year! The median sales price is up 10.8% from last year! This is the 6th consecutive month that the year-over-year median price has risen AND it’s up 27% from the low in 4/09! Foreclosures are now at their lowest percentage of the market since 1/09! Most importantly for us here locally in Santa Barbara...all... Continue Reading >

Lack of Inventory Extremely Tough On Buyers Here in Santa Barbara

Santa Barbara Real Estate Voice When will we see the next good run of new inventory here in the housing market in Santa Barbara? This is a question that everyone across the board is asking each other from buyers, to lenders, to real estate agents. Every statistic we see as well as just the true pulse on the market points out that there are more buyers than real estate to choose from.  Compared to just the last few years, we are roughly down 50% on listings.  It feels tougher than this at times. Lack of Condo Inventory As that... Continue Reading >

Santa Barbara Real Estate Market Report for August 2012

Santa Barbara Real Estate Voice Real estate here in Santa Barbara for the summer of 2012 ended up being a market where a lot of people were looking and ready and most everything that was coming on the market was sold very quickly.  We are continuing to have a definite lack of inventory across all price points, but especially in the $300,000 to $900,000 price point.  Many buyers continue to be frustrated as they are ready and pre-approved (or all cash) and simply not being able to find a home. It seems that many sellers are... Continue Reading >

Santa Barbara Area Tops in Hot Real Estate Market

Santa Barbara Real Estate Voice Here is a great article from Inman News about the very strong California real estate market overall... and especially here in Santa Barbara.  This is pretty much in line with what I have been writing about the last 6 months and what we are experiencing. Editor's note: Data from Realtor.com's June 2012 Real Estate Trend Data Report. The report analyzes data for 146 U.S. metros and includes single-family homes, condos, townhomes and co-ops. Three California metros -- Santa Barbara-Santa Maria-Lompoc, San Francisco and Oakland -- shot to the top five of metros with... Continue Reading >

Carpinteria and Summerland May 2012 Cort Reports

Santa Barbara Real Estate Voice Here are the latest CORT report statistics for real estate here in Carpinteria and Summerland. The overall market also continues to be very strong with most well priced homes selling within a few days to a few weeks.  Buyers continue to be very comfortable with prices and are taking advantage of incredibly low interest rates.  Other strong signs for the market is that many investors are now buying again as well as cash investors.  We are also experiencing a lack of inventory in certain areas and price points which can be... Continue Reading >

Santa Barbara, Montecito, Hope Ranch and Goleta Cort Reports May 2012

Santa Barbara Real Estate Voice Here are the latest CORT report statistics for real estate here in Santa Barbara, Montecito, Goleta and Hope Ranch. The overall market also continues to be very strong with most well priced homes selling within a few days to a few weeks.  Buyers continue to be very comfortable with prices and are taking advantage of incredibly low interest rates.  Other strong signs for the market is that many investors are now buying again as well as cash investors.  We are also experiencing a lack of inventory in certain areas and price... Continue Reading >