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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

Short Sales

2015 Where Is The Santa Barbara Real Estate Market Heading?

Santa Barbara Real Estate Voice The true answer is that no one truly knows...but here are my thoughts. Based on where we have been the last few years and the types of sales (thus buyers) that are going on, I am going to make some general points and give an educated guess as to where we might be in the coming year. Although we have seen substantial price gains over the last 2 1/2 years, the real estate market here in Santa Barbara has a very different feel than in the run-up from 2001 to 2007.  A much... Continue Reading >

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 >

New Goleta South Real Estate Listing – 4 Bed 2 Bath Remodeled Single Level Home – Priced at $675,000

Santa Barbara Real Estate Voice Just listed this morning with first open this Friday October 19th 10:00 a.m. - 12:30 p.m. as well as Saturday the 20th and Sunday the 21st from 1-3:00 p.m.  This wonderful Goleta South single level home is very well cared for, remodeled with 4 bedrooms 2 baths, approximately 1800 sqft +/- single family home.  Located close to parks, ocean, UCSB and Camino Real Marketplace.  Remodeled spacious kitchen opens up to a larger "great room", vaulted ceilings, sunken living room, updated flooring and baths.  Fenced rear and side yards. This home should sell... Continue Reading >

Why are Short Sales Here in Santa Barbara and Goleta Selling with Ease?

Santa Barbara Real Estate Voice Are Short Sales No Longer a Pain to Close? A lot has changed with the pulse of real estate market here in Santa Barbara and Goleta over the last 12 months.  After having a pretty steady / good market from Fall 2011 until about June 2012, the real estate market has really taken off over the last 3-5 months.  Seemingly everything that is priced "simply normal" is selling and often with multiple offers.  We have also seen a jump in prices across the board and most everyone is convinced we are off... Continue Reading >

What Part of the Santa Barbara Real Estate Market Sees the Most Foreclosures and Short Sales?

Santa Barbara Real Estate Voice Since the peak of our real estate market in 2007 and 2008 (Montecito until 2008), property values have fallen on average here in Santa Barbara around 35-38%.  Certain unique homes have fallen somewhat less in value, while certainly other pockets of the market have fallen more in value upwards of around 40-45%. Because of this reality, many people have unfortunately lost all their equity in their homes and have had to go the route of foreclosing on their homes or trying to sell their homes as short sales. Often I am asked... Continue Reading >

What are The Most Crucial Components when Buying a Short Sale or Foreclosure here in Goleta, Santa Barbara and Carpinteria?

Santa Barbara Real Estate Voice The obvious lure from a buyer's perspective of both short sales and REO (real estate owned) properties is the chance to get a property at a discounted price. Here in Carpinteria, Goleta and Santa Barbara, this opportunity does exists, but not without its pitfalls.  The best way to deal with these pitfalls is to get educated about the most common "issues/nightmares" that come with these deals.  Although there are many factors to consider...the biggest for most tends to be TIME. TIME -  The most crucial asset we have in life.  When dealing... Continue Reading >

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