Even though the Dow Jones plunged 391 points on Friday Americans are increasingly optimistic about housing market conditions, encouraged by growing confidence in their personal financial outlook and the U.S. economy in general. That optimism was revealed in a recent survey by Fannie Mae, the government-sponsored mortgage firm, and it gives a boost to forecasts for real estate activity in the Bay Area and elsewhere in the months ahead.
Share this:
Hendry’s Beach aka Arroyo Burro Beach in Santa Barbara enjoys a rich history. Located between Hope Ranch and the Douglas Family Preserve, this section of coastline belonged to William N. Hendry who farmed this area with his family in the late 1800s through the early 1900s. In 1884 William N. Hendry leased 360 acres at Arroyo Burro, which included a sizable portion of Hope Ranch, and grew hay, oats, and barley selling much of his yield to stables in Santa Barbara. The Hendrys had 12 children and often invited friends to swim off the beach. Over time the locals came to know the beach as Hendrys. Hendry retired in 1914 and in 1918 sold the farm for $80,000.
An increasing number of the world’s wealthiest people are buying non traditional homes outside of where that usually live and the vast majority own two or more homes, new research shows. Ultra-high net worth individuals (UHNW) are classed as those with assets above $30 million and are discerning about what they buy, says the research report from Wealth-X and Sotheby’s International Realty. UHNW buyers look for residences that are environmentally sustainable, technologically sophisticated, or that fit better with their personal and family needs. The average buyer in this sector is 63 years old, married and has a net worth of US$165 million. The top place to buy a second home is the United States followed by the UK and then Switzerland.
Thursday, October 22, 2015, an opening reception will begin at 5:30 pm at the Santa Barbara Historical Museum at 136 E. De La Guerra Street that runs through January 17, 2016. For more information, or to make reservations, call 805.966.1601 or visit Santa Barbara Historical Museum Exhibits
1709 Overlook Lane in Santa Barbara, California is a spectacular ocean-view estate. Listed with Sotheby’s International Realty. This 5 bedroom 5 bath home is approximately 5,710 square feet on 0.95 acres. Famed Santa Barbara architect George Washington Smith completed this residence in 1928. The style and grace of this French Normandy masterpiece will delight your senses. The new south-facing gardens and patios look out past the Andre Clark Bird Refuge to the Pacific Ocean and Channel Islands. Offered at $5,250,000
This website is not the official website of Sun Coast Real Estate. Sun Coast Real Estate does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website. Real Agents affiliated with Sun Coast Real Estate are independent contractors and not employees.
3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570
© 2024 · Your Website. Theme by HB-Themes.