Kevin Schmidtchen

Sotheby's International Realty

1436 State Street

Santa Barbara, CA 93101

[email protected]

Phone or Text

(805) 689-6877

May 2013 Santa Barbara Real Estate Market Snapshot

Santa Barbara Real Estate Voice Here is the May 2013 Santa Barbara Real Estate Market Snapshot for Inventory, Listings and Sales.  Overall the market continues to be tight with limited inventory. This graph below shows the seasonality of the inventory and sales.  As you will see, May 2013 listings were down 9% from last month and down almost 5% from May of 2012. We are now into the middle of June and although inventory is still tight, prices hint at starting to stabilize.  I think it is a common discussion with realtors and their clients and as... Continue Reading >

5 Year Average Selling Price For Santa Barbara Real Estate

Santa Barbara Real Estate Voice 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 12-18 months.  Demand in our very high end market (roughly... Continue Reading >

Most Significant Luxury Montecito and Santa Barbara Real Estate Sales in 2011…So Far

Santa Barbara Real Estate Voice 2011 has started off the year once again with the upper end of our market feeling fairly active.  There seem to be a bunch of buyers looking around above the $3 million price point, with several homes going into escrow.  So far in 2011, we have had our share of significant closed sales here in the upper end in Montecito, Santa Barbara, Goleta and Carpinteria. Montecito Sales 770 San Ysidro Lane, Montecito CA 93108.  Listed price $6,300,000.  Sales price $5,650,000. This 6 bedroom / 8 bathrooms gated estate is located near San... Continue Reading >