Santa Barbara Real Estate Voice
The Oceanfront Areas
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 very strong in the price range from $200,000 to $750,000...
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| Oct 18th |
Montecito CA. Real Estate Once Again Finds Itself in Top 10 Wealthiest Zip Codes in the U.S. |
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2011
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Categories: Luxury Real Estate, Montecito, The Oceanfront Areas |
Once again, America's most expensive zip codes includes Montecito CA. Coming in this year at #9, statistics show that the median home price here in Montecito to be at $3,099,000. So far this year, the most expensive sale in Montecito was a dated, but clean ocean front home located at 1473 Edgecliff Lane that closed for $10,750,000. Other significant sales were a brand new Mediterranean Estate with privacy and panoramic ocean views located at 1379 Oak Creek Canyon Road. This wonderful Estate closed for $9,000,000. Another gorgeous Italian Villa located at 2959 Sycamore Canyon Road closed at $7,900,000.
Overall there have...
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There are many different reasons why we all choose to live here in Santa Barbara. Each and everyone one of them add up to a great quality of life. Among the most obvious are the medium sized town, the culture and arts, the restaurants, the weather, all the outdoor pursuits...you name. There are many wonderful realities of a life here on The American Riviera.
Although the beach and the ocean are never more than a few minutes away for all of us, some of us are blessed with having homes with wonderful ocean and island views. With all the different null tops around...
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| Jun 2nd |
Good Activity on Beach Front and Ocean Front Homes from Carpinteria to Santa Barbara |
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2011
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Categories: Carpinteria, Luxury Real Estate, Montecito, Santa Barbara, The Oceanfront Areas |
During the last 60 days, beachfront real estate here in and around Santa Barbara has picked up quite a bit with a lot of activity. Just in the last 2 months we have seen 9 new Active ocean front listings, 4 closed sales and 1 pending (in escrow).
Of these listings, 7 have been in Carpinteria mainly along Padaro Lane and Sand Point Road.
Of these listings, 7 have been in the Santa Barbara or Montecito areas.
Here is a list below of the Current New Active Listings
4975 Sandyland Road #205, Carpinteria CA. priced at $999,500. Exceptional ocean front property at Carpinteria...
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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 are simply sitting on the market.
Here are the top 10...
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| Oct 21st |
Montecito Beachfront Town Homes and Condos at Bargain Prices!! Bonnymede & Montecito Shores |
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2010
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Categories: Luxury Real Estate, Montecito, The Oceanfront Areas |
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 complexes have been hit very hard. It is difficult to...
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| Sep 23rd |
Santa Barbara CA. Among Top 10 Most Expensive Real Estate Markets in the U.S. |
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2010
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Categories: Luxury Real Estate, The Oceanfront Areas |
A recent real estate home listing report looked at thousands of four-bedroom, two-bathroom properties early in 2010 across nearly 300 various real estate markets. To most of us here that live along the coast in California, the findings did not prove to be surprising...The most expensive markets are mainly found here in California, and many along the coastline.
The Most Expensive Cities - Top 10 List
At the top of the list of most expensive real estate markets is Newport Beach, while 5 other California cities also made the list with Santa Barbara wrapping up the top 10.
Below are the most...
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| Mar 31st |
Beachfront / Blufftop Real Estate Sales Santa Barbara CA – 1st Quarter 2010 |
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2010
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Categories: Luxury Real Estate, The Oceanfront Areas |
With limited resources, there are naturally only a few beach / bluff top real estate sales here in the Montecito and Santa Barbara area every few months. After quite a fall in prices this last year as much of our beachfront real estate remained sitting on the market, sales have started to pick up. Here in the first quarter of 2010 we have had the following sales / pending sales of oceanfront property.
2010 - 1st quarter Beach Front Sales
1801 Fernald Point Lane, Montecito CA 93108 - This wonderful beachfront Montecito property is located in one of the most desired...
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| Nov 18th |
The Top 10 Most Expensive Beachfront Real Estate Sales in Santa Barbara, Montecito and Carpinteria CA. |
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2009
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Categories: Luxury Real Estate, Santa Barbara, The Oceanfront Areas |
Year to date, here is a list of the top 5 most expensive beachfront real estate sales for 2009 here in the Santa Barbara, Montecito, Summerland and Carpinteria CA areas. Most of the beachfront sales in the last 15 months have been at prices about 30-40% from the peaks in early 2008. Of all the markets here in the Santa Barbara area, our luxury beach front real estate has most likely taken the hardest hit in values.
4385 Marina Drive, Santa Barbara CA., 93108. Sold for $12,800,000. Rising from a sun-drenched promontory overlooking the Pacific, "Terra Bella" is a magical romantic...
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| Jul 17th |
Santa Barbara CA. Oceanfront / Beachfront Real Estate Sales Update – First 6 Months 2009 |
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2009
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Categories: Luxury Real Estate, Market Statistics / Updates, The Oceanfront Areas |
For the first 6 months of 2009, there were only 3 closed sales of single family homes and condos directly along the Oceanfront here in Carpinteria, Montecito and Santa Barbara CA. As of July 1st, 2009, there were 0 properties directly along the Oceanfront area that were pending sale (under contract).
The highest sale directly along the Oceanfront was a Mediterranean style home located in the cove in Montecito located at 1631 Posilipo Lane, Montecito CA., 93108. The sales price was $8,300,000.
Overall, this market directly along the Oceanfront was much slower than the last few years. Also, prices on average have...
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| May 20th |
Beach House Anyone? Major Price Cuts and Slow Sales Along Santa Barbara’s Premier Oceanfront |
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2009
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Categories: Luxury Real Estate, The Oceanfront Areas |
Where have all the good - Oceanfront - times gone?
One of the major impacts from the Financial Crisis that we have seen here in the last 12-18 months is the slow sales and major price reductions that have taken place within the luxury high-end market here in Santa Barbara, Hope Ranch, Montecito, and Carpinteria CA.
One major part of this luxury market is the true oceanfront and beachfront property here along our coastline.
Being a Realtor here in Santa Barbara CA., I am fortunate and privileged to see some very impressive properties sitting atop some of the most amazing coastline parcels...
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| May 11th |
Has The Santa Barbara CA. Luxury Real Estate Market Been Effected by the Financial Crisis? |
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2009
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Categories: Luxury Real Estate, The Oceanfront Areas |
Yes...to anyone who is paying attention and knows this luxury market here in Santa Barbara.
For our purposes, I will refer to the the high end luxury real estate market here in the Santa Barbara CA. area as any property over the $5 million price point.
Most of our high end luxury market here in Santa Barbara CA. is found in Montecito CA, Hope Ranch CA, the foothills of Santa Barbara, anywhere directly on the water from Goleta to Carpinteria, or any type of extensive ranch / equestrian property.
Where we have been:
Since 1998, the high end luxury real estate market in Santa...
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Kevin Schmidtchen
Realtor - Sotheby's International Realty
1436 State Street
Santa Barbara, CA 93101
Phone # 805-689-6877
[email protected]
The Oceanfront Areas
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