For the Real Estate Curious
The Complicated Psychology of Buying and Selling a House
Home Sales and Taxes – What Will You Have to Pay?
Santa Barbara Ocean and Harbor View Property
In December of 2019 176 homes sold up from 146 in 2018. 21% increase.The highest price sale is 3393 Padaro Lane that sold for $28,000,000 to George Lucas who bought his neighbors home. The median price is $1,274,000 for houses and $755,750 for condominiums. The lowest price sale was 424 Bath Street for $601,000. The average market time was 67 days to accept an offer, and the average continuous market time was 101 days. This data was provided by Fidelity Title Company of southern Santa Barbara.
Oprah drops by the Montecito Starbucks on Coast Village Road[...]
The truth abput Zillow Zillow's "Zestimates" can be tweaked if you know how to add improvements to Zillow's valuation methodology. You need to be the owner, or owner's agent to do this, or an unscrupulous hacker. Actually, you don't even need to be a hacker, anyone can do it. Zillow does offer valuable information they gather from Public Records. But, you're not going to get a bank to loan you money based on a Zillow "Zestimate." Where homes are very similar (condos/townhomes) sometimes Zillow's "Zestimates" can be helpful. But, if you live in an area where the home styles vary, for real estate agents (your best source for what the true value of your property is) Zillow's "Zestimates" can drive you crazy. Many home sellers and buyers give credence to Zillow's "Zestimates." Unfortunately the degree of accuracy of Zillow's "Zestimates" can vary dramatically from neighborhood to neighborhood. To real estate professionals is what makes this video so hilarious, and wonderfully ironic...enjoy!
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570
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