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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

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 >

Are Bank Owned Sales Prevalent in Montecito? August 2011 Update

Santa Barbara Real Estate Voice Here are the latest statistics for real estate sales in Montecito for August 2011.  The shaded area with an ‘X’ states whether the property was a bank owned (REO) sale or not.  Although many people would love to find bank owned foreclosure properties in Montecito, the reality is that almost all of the sales are still traditional sales in Montecito.  Additionally, most of the REO’s tend to be at the lower end of the price scale.   View: Santa Barbara / Montecito Real Estate... Continue Reading >

Santa Barbara, Montecito and Hope Ranch CORT Report on Yearly Real Estate Market Price Changes

Santa Barbara Real Estate Voice Here are some of the latest statistics for the CORT reports for real estate here in Santa Barbara, Montecito and Hope Ranch CA.  These statistics give a quick overview of comparative price changes in the real estate market in the month of July for the last 8 years. Further Reading: Cort Report Summerland, Carpinteria, Goleta Sotheby's Int'l Realty - Santa Barbara and Montecito Is My Realtor a Santa Barbara Neighborhood Specialist? Santa Barbara Real Estate Market Statistics How Difficult is it to Get a Loan These... Continue Reading >

What Are Considered the Higher End Neighborhoods in Santa Barbara?

Santa Barbara Real Estate Voice When talking about Santa Barbara proper, the high end real estate market is usually referred to as home prices $2 million and above, although this is obviously pretty subjective.  For example, within Montecito proper, most people would consider the high end there to start at around $ 5 million. So what are the highest priced neighborhoods in Santa Barbara? Number 1 on the list is Montecito with Hope Ranch not being too far behind.  Montecito continuously finds itself within the top 10... Continue Reading >