Full of beauty, history and grandeur, Montecito, approximately eight square miles of hidden neighborhoods and expansive estates, has been the destination of choice for celebrities and millionaires for over one hundred years. Montecito offers an unhurried pace of life, breathtaking scenery and two very quaint shopping and dining “villages” that make some locals feel that even the trip a few miles east to Santa Barbara is a small journey.
Montecito is certainly a desirable second and third home location for big city dwellers, but mostly the town is filled with locals who live in Montecito year round and feel truly fortunate. Two of the finest public schools in the country serve Montecito, and there are three golf courses (two are private), 2 private tennis clubs, a YMCA, luxury spas and several spectacular beaches within the immediate area. Several private schools are also within the town of Montecito as well as Westmont College, a smaller liberal arts college. Montecito gently slopes up away from the ocean with gorgeous tree lined streets, great for walking and riding bikes. Many homes have ocean views and/or mountain views, with most homes hidden behind mature foliage, hedges and trees.
Montecito Real Estate values average around $1.3 to $3.5 million. Spectacular view homes, estates and ocean front property start at around $3 million and can exceed this amount fivefold or tenfold.
If you are interested in real estate here in Montecito, Santa Barbara, and our surrounding areas, as well as any other aspects of life here, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.
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Every online statistic that anyone can read over the last years has pointed to the enormous importance an online presence makes for your own personal brand as a real estate agent. Real estate in many ways "is made for the internet" and everyone (buyers and sellers) spends a large amount of time online looking at real estate. Outside of what an agent can do on their own personal level, I believe that it is also extremely important to align yourself with... Continue Reading >
Below is a detailed market comparison of Santa Barbara real estate that lays out the yearly market comparison of Sold Listings as well as New Listings. This comparison takes in all the areas from Goleta, to Santa Barbara, to Hope Ranch, to Montecito, to Summerland and Carpinteria. These numbers are then broken down further to include: Dollar volume of New and Sold Listings Median sales price of New and Sold Listings If you have any further questions about these statistics, please let me... Continue Reading >
Every year here in the Santa Barbara / Montecito / Hope Ranch / Carpinteria areas, we see some very exclusive high end real estate sales. Often some of these sales top the $20 million mark which is a lot to be said for the demand for exclusive luxury property in our area. Although we see sales above the $20 million price point, more often than not, the "high end" sales tend to be in the $10 to $20 million price... Continue Reading >
High end sales are nothing new for Santa Barbara and our surrounding communities. Within Hope Ranch, Montecito and along the coastline, we see some very exclusive high end real estate sales each and every year. Many of these sales are topping out above the $10 million mark. I just read a recent article by CNBC, that once again ranks Montecito and 93108 as the 3rd rated zip code in America when it comes to the number of homes that are... Continue Reading >
A few times a year I like to give updates on what you can expect for various price points in Santa Barbara and Montecito. Over the last few years this has changed quite drastically as the market first went down and now has come back up at such a strong pace. Most homes today for example are worth on average about 20% more than they were just a year ago and so this leads to generally a decently different home. In Santa Barbara, if... Continue Reading >
What exactly is a Pocket Listing and why are they used? For various reasons, property owners will discuss with their agents the pros and cons of keeping their home for sale as a pocket listing. Not every pocket listing is treated the same and here in Santa Barbara and Montecito it really depends on the price point and activity of the market. First...what is a pocket listing? A "pocket listing" is a loose term given to a home that is listed with a broker... Continue Reading >
A little late to be doing a recap of the 2012 real estate market here in the Santa Barbara area, but with the last 5 weeks filled with a combination of my family getting sick, being extremely busy with work and the lack of sleep because of our new little baby...that is what unfortunately happens. So what happened in 2012? In hindsight it is now very clear to see that anyone who had the foresight to buy property from around October 2011 - April 2012... Continue Reading >
Here is a great simple graph that looks at the overall average selling prices for homes here in the Santa Barbara area. The graph breaks down the prices into the main neighborhoods of Santa Barbara...Montecito, Santa Barbara proper, Carpinteria / Summerland, Hope Ranch and Goleta. One of the first obvious looks shows that our high end properties are really starting to see a big increase in demand. Both Hope Ranch and Montecito have seen prices increase a good amount in the last... Continue Reading >
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... Continue Reading >
Unless you are sending your child to private school, the exact school district you purchase a home in is a major part of most families decision when buying real estate. Here in Montecito CA., the biggest public school is Montecito Union and for most families they consider this a wonderful school. Parents are very passionate about schools, so it is hard to compare exact pros and cons so I am not going to really talk about this here. But if... Continue Reading >
3 Very Nice Recent Real Estate Testimonials From Clients Here in Santa Barbara, Montecito and Summerland
To Whom it may Concern I have known Kevin Schmidtchen since our days at Santa Barbara High School (Class of 88). He is an exemplary human being, world class athlete, of highest ethical and moral standard, and I am honored to call him a friend. It is no surprise to me that Kevin has become a premier Real Estate guru in the Santa Barbara County. With his attention to detail, his honorable status among his peers and community, his great negotiating skills,... Continue Reading >
Every few months I try and give an update and snapshot of what $1 Million can buy you in Santa Barbara. With the ups and downs of the market over the past 10 years, this has definitely varied each year and it is interesting to look at the comparisons. This week I am going to start doing the same, but specifically in Montecito. Since Montecito tends to always be one of the top 10 real estate zip codes in the country, I... Continue Reading >