Montecito Real Estate – 93108 Zip Code Once Again Among The Richest in America at #3

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 >

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

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 >

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

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 >

Has The Santa Barbara CA. Luxury Real Estate Market Been Effected by the Financial Crisis?

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... Continue Reading >

Montecito in the Top 10 Most Expensive Real Estate Zip Codes in the United States

People in general will always be attracted to beautiful areas within the United States when it comes down to real estate.  For many, these places are also a great place to invest in when times are as uncertain as they have been in the last 18 months.  One reality about the real estate market in the more exclusive and expensive areas in our country that seems to hold true is this -- values tend to rise the fastest when times are good and these areas... Continue Reading >