Montecito

February 2011 CORT Reports for Santa Barbara and Montecito Real Estate CA.

Here are the latest CORT reports for the Santa Barbara and Montecito area for the month of February 2011. Further Reading: Sotheby's Int'l Realty - Santa Barbara and Montecito Is My Realtor a Santa Barbara Neighborhood Specialist? Articles on Luxury Real Estate Articles on The Oceanfront Areas Articles for Foreign Buyers/Sellers Sotheby's Int'l Realty Tops in Sales 2010 Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts. For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding... Continue Reading >

Most Significant Luxury Montecito and Santa Barbara Real Estate Sales in 2011…So Far

2011 has started off the year once again with the upper end of our market feeling fairly active.  There seem to be a bunch of buyers looking around above the $3 million price point, with several homes going into escrow.  So far in 2011, we have had our share of significant closed sales here in the upper end in Montecito, Santa Barbara, Goleta and Carpinteria. Montecito Sales 770 San Ysidro Lane, Montecito CA 93108.  Listed price $6,300,000.  Sales price $5,650,000. This 6 bedroom / 8 bathrooms gated estate is located near San... Continue Reading >

Santa Barbara Real Estate Cort Reports January 2011 – Santa Barbara and Montecito

Here are the latest CORT reports for the Santa Barbara real estate market for the areas of Santa Barbara proper and Montecito CA.  Further Reading: Sotheby's Int'l Realty - Santa Barbara and Montecito Is My Realtor a Santa Barbara Neighborhood Specialist? Articles on Luxury Real Estate Articles on The Oceanfront Areas Articles for Foreign Buyers/Sellers Sotheby's Int'l Realty Tops in Sales 2010 Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts. For more information on Real Estate here in Santa... Continue Reading >

Miramar Hotel Project Update for January 2011, Montecito CA.

So what is happening with the Miramar Hotel?  Disrepair now for more than a decade...any plans?  I hear these questions here and there and with each update there seems to be some sign of life for the project. The current owner of the project, Rick Caruso has recently submitted a revised plan that will hopefully appease everyone.  Certain parts of the project have been scrapped such as the ballroom while other part have been moved to other areas of the site.  The current project also call for a reduction in total... Continue Reading >

Montecito Real Estate 2010 Year End Sales – Single Family Homes Year End Stats

Here are the final year end statistics for single family homes sales in Montecito for 2010.   1) Overall there were a total of 153 Closed Sales (reported by the Santa Barbara/Montecito MLS) of single family homes in Montecito. 2) These 153 were slightly higher than in 2009 where we had a total of 143 Closed Sales of single family homes. 3) The lowest sale was a small Bank Owned cottage located at 1394 Danielson Road, Montecito, CA 93108 that sold for $685,000. 4) The highest sale was an oceanfront modern Mediterranean home located at... Continue Reading >

November 2010 Cort Reports Santa Barbara, Montecito and Hope Ranch

Here are the latest Cort reports for sales here in the Santa Barbara area for the month of November 2010 for Santa Barbara proper, Montecito and Hope Ranch. Further Reading: Sotheby's Int'l Realty - Santa Barbara and Montecito Is My Realtor a Santa Barbara Neighborhood Specialist? Articles on Luxury Real Estate Articles on The Oceanfront Areas Articles for Foreign Buyers/Sellers Sotheby's Int'l Realty Tops in Sales 2010 For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin... Continue Reading >

2010 Top 10 Oceanfront Real Estate Sales For Montecito, Santa Barbara, Hope Ranch and Carpinteria

The dream of living on the ocean. For most, this is the ultimate...especially if it is here in our wonderful home of Santa Barbara.  Fresh air, pounding waves, sand at your toes... With 2009 being a pretty tough year for oceanfront real estate sales in the Santa Barbara, Carpinteria and Montecito areas, 2010 has seen solid sales for most of the year.  Prices on average have come down anywhere from 35-40% from their peak in 2007, but now seem to hit good stable price benchmarks.  Almost anything above these price benchmarks... Continue Reading >

Montecito Beachfront Town Homes and Condos at Bargain Prices!! Bonnymede & Montecito Shores

As the run up in real estate values continued through early 2008 here in the Montecito area, the exclusive condominium enclaves of Bonnymede and Montecito Shores (the only 2 oceanfront condo / town home complexes we have in the Montecito area) saw prices comfortably in the $2.5 - 5 Million range.  Many of these units seemed to be selling to either 2nd home buyers or Montecito residents downsizing from larger estates.  As the market has changed over the last 2 years, values here within both the Bonnymede and Montecito Shores... Continue Reading >

Montecito Real Estate Update – Pulse of The Market $2.5 to $4 Million

As the overall market prices have fallen in the last 2 years, the heart of the Montecito Real Estate market is once again around the $2 to $4 million price point.  Currently I am working with 4 sets of clients that are looking in this price range and so I thought I would give a quick update as to where it feels that we are at. In a quick word...slow.  Year to date there have only been 15 sales in this price point from $2.5 to $4 million.  Currently there are... Continue Reading >

Montecito CA Among Top 10 Most Expensive Zip Codes in America – 93108

According to an article in the latest addition of Forbes, Montecito, here in Santa Barbara CA is once again among the top 10 Most Expensive zip codes in America.  Six of the top 10 zip codes are in California while the other 4 zip codes reside around the New York area. Top 10 List: Duarte/Bradbury, California 91008: Median Home Price $4.27 Million  Atherton, California 94027: Median Home Price $4.01 Million Rolling Hills, California 90274: Median Home Price $3.89 Million Alpine, N.J. 07620: Median Home Price $3.81 Million New York, New York 10014: Median Home Price... Continue Reading >

Helpful Tips When Looking for Your Perfect Montecito Home or Estate

Location, Location, Location Everyone has heard this tip before and it pretty much always holds true.  Simply stated, consider the home's exact location before you are won over by a spectacular interior.  Also, maybe look for the exact location you want and completely redo the home etc.  Do views and setting out way walking distance to the beach or vice versa?  Can you "bike home" from town and/or the beach? Etc. Check Your Immediate Neighborhood It is very obvious...when you purchase a home, you not only get a house, you also buy into... Continue Reading >

Luxury Real Estate Sales $10 Million and Up – Santa Barbara, Montecito, Hope Ranch and Carpinteria CA

When talking about luxury real estate here in the Montecito and Santa Barbara areas, everyone will have their own opinion of what this means and at what price point luxury real estate starts at.  While many other luxury resort areas have very expensive exclusive homes from $3-10 million, Santa Barbara is one of the few areas that also has numerous inventory and sales in the ultra high-end price point...$10 Million and above. Here is a breakdown of the ultra luxury real estate activity here in 2010 as of August 28th (MLS... Continue Reading >