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Kevin Schmidtchen

Realtor
Sotheby's International Realty

1436 State Street

Santa Barbara, CA 93101

kevinschmidtchen@yahoo.com

Phone or Text

(805) 689-6877

Market Statistics / Updates

Santa Barbara Real Estate Benefits From Fixed Mortgage Rates Continuing Near Record Lows For 6th Straight Week

Santa Barbara Real Estate Voice This weeks average rate on the 30-year fixed mortgage continued to hover just above its record low.  Freddie Mac reported this week that the rate on the ever popular 30-year home loan sat just below 4% at 3.99%.  The record low for the 30-year mortgage rate was set about 9 weeks ago when it dropped to 3.94%. The average rate of the 15-year fixed mortgage has been sitting around 3.27 %, down from 3.30 % the last few weeks.  The record low for the 15-year mortgage rate was also set about 9 weeks ago at... Continue Reading >

2011 Santa Barbara Real Estate Market for The Adams Elementary School District

Santa Barbara Real Estate Voice The main areas of the Adams Elementary School District encompass the neighborhoods of Samarkand, San Roque Gardens and Hidden Valley.  All 3 of these areas in Santa Barbara would be considered by most "family neighborhoods".  Most of the housing in these 3 areas are single family homes, but there are definitely a few condo and apartment complexes as well as some scattered income properties (duplexes / triplexes). In the Samarkand area of the Adams School District, the average price for a single family home tends to be between $700,000 and 1.1 million. ... Continue Reading >

2011 Santa Barbara Real Estate Sales for Campanil Hill – Braemar – Yankee Farm

Santa Barbara Real Estate Voice In the semi secluded private feeling neighborhoods of Yankee Farm / Braemar and Campanil Hill, there has been a normal amount of real estate activity and sales in 2011.  Usually this area only sees on average around 4-6 transactions per year.  So far in 2011, there has been the "usual" with 4 closed sales as well as 1 current pending sale. There are currently 3 active homes for sales on the market: 3359 Braemar Drive is a California Hacienda sitting on just shy of 1.5 acres.  It is a beautiful home and has wonderful landscape... Continue Reading >

Santa Barbara Real Estate – Montecito Real Estate Market Update 3rd Quarter 2011

Santa Barbara Real Estate Voice Where is the Montecito real estate market as we approach the last few months of 2011?  A quick glance back throughout the year with regards to real estate in Montecito has shown up and down changes almost monthly.   Some months the market feels very strong, other weeks there seems to be a lull etc.  As I talk and share with many agents currently about their buyers and where they are at, their thoughts seem to also change monthly with some high end clients on hold while others don't know where else they would put... Continue Reading >

Santa Barbara Real Estate – Hope Ranch Real Estate Market Update June – October 2011

Santa Barbara Real Estate Voice So where has the market been in Hope Ranch here in Santa Barbara?  Overall, the real estate market in the Hope Ranch area has been a little slower than normal and most sales have been in the lower end price point for this area.  Here is simple to view summary of the real estate market for Hope Ranch for the summer months through until the end of October 2011. Closed Sales in the Hope Ranch Area During these 5 months from June - October, Hope Ranch has had approximately 13 Closed sales... Continue Reading >

Santa Barbara Real Estate – Summerland Real Estate Market Update June – October 2011

Santa Barbara Real Estate Voice Here is an quick summary of the real estate market in the Summerland area from the past summer months through until the end of October 2011.  Normally this time of year sees a lot of activity in June and July, then slowing a little in August as many people are on vacation, sending kids off to school, paying bills from all the summer activities etc.  Then in mid September through until about Thanksgiving we have a relatively strong real estate market on average.  Overall, the Summerland market has been a little slower... Continue Reading >

Santa Barbara Real Estate – Carpinteria Real Estate Market Update June – October 2011

Santa Barbara Real Estate Voice Here is an easy to view summary of the real estate market in the Carpinteria area from the summer months through until the end of October 2011.  Normally this time of year sees a lot of activity in June and July, then slowing a little in August as many people are on vacation, sending kids off to school, paying bills from all the summer activities etc.  Then in mid September through until about Thanksgiving we have a relatively strong real estate market on average.  Overall, the Carpinteria market has been... Continue Reading >