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Kevin Schmidtchen

Realtor
Sotheby's International Realty

1436 State Street

Santa Barbara, CA 93101

[email protected]

Phone or Text

(805) 689-6877

High End Luxury Montecito Real Estate Sales Continue Their Strong Pace

Santa Barbara Real Estate Voice The very high end luxury real estate market here in Montecito is seeing a great deal of activity and sales here in the first part of the year.  This is in pretty stark comparison to the sales here in the last year(s). 2009 - 10 Total sales over $7.5 million 2010 - 14 Total sales over $7.5 million 2011 - 4 Total sales over $7.5 million In 2012, we have already seen 8 total closed sales over the first 5 months of the year, 5 of which... Continue Reading >

What Does $1 Million Buy in Today’s Very Strong Santa Barbara Real Estate Market?

Santa Barbara Real Estate Voice Where is our real estate market today? We continue to see buyers very very comfortable with where the Santa Barbara real estate market is today.  Most reports and statistics are also showing that this very strong market is not just a tick here and there, but a market with "very strong legs".  We have now seen about 6-8 straight months of solid activity with homes selling quickly and prices very stable.  Here in Santa Barbara, we are now once again confronted with... Continue Reading >

Santa Barbara CORT Reports – Santa Barbara Real Estate April 2012

Santa Barbara Real Estate Voice Here are the latest CORT report statistics for real estate here in Carpinteria, Goleta, Santa Barbara, Montecito and Summerland.  All of the red "x" delineate REO or distressed sales.  As you will notice, the vast majority of our foreclosures and short sales continue to be in the lower end price points. The overall market also continues to be very strong with most well priced homes selling within a few days to a few weeks.  Buyers continue to be very comfortable with... Continue Reading >

Montecito Real Estate – Luxury Market Update First 10 weeks in 2012

Santa Barbara Real Estate Voice After a relatively slower luxury high end real estate market here in 2011 in the Santa Barbara area, 2012 has started out with a fair amount of activity in our luxury high end market.  For purposes of this post, I will be referring to the luxury high end real estate market as home values of $7,500,000 and above. In the Santa Barbara area, the areas in which we find these higher values tend to be pretty much centralized in Montecito, Hope Ranch, along the... Continue Reading >

What Does $1 Million Buy You Today in Santa Barbara’s Real Estate Market?

Santa Barbara Real Estate Voice Where is the Santa Barbara real estate market today with prices and what can you purchase for $1 million today?  Over the last 12 months, different sets of statistics will show slightly different views of where our prices are at.  Many statistics that I have read tend to say prices are down around 4-6%.  Others have even stated that we are relatively flat and stable.  As far as the pulse of the market here in Santa Barbara, there is a... 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... Continue Reading >

Montecito CA. Real Estate Once Again Finds Itself in Top 10 Wealthiest Zip Codes in the U.S.

Santa Barbara Real Estate Voice 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... Continue Reading >