Montecito Real Estate in Review
According to the Santa Barbara Multiple Listing Service there were 192 sales in Montecito in 2016 down from 195 sales in...
The Whale House
Nestled between the oaks and sycamores of Mission Canyon sits the architectural masterpiece that has come to be known as...
Days on the Market Increasing
In regards to average days on the market increasing in the southern Santa Barbara real estate market, by most accounts,...
Oprah buys Seamair Farm in Montecito, California
Oprah Winfrey purchased the Seamair Farm at 380 Santa Rosa Lane in Montecito on February 5, 2016, reported the Santa Barbara News-Press on February 14, 2016. The Spencer T. Olin Trust conducted an Auction of the 23-acre farm on November 18, 2015. The trust conducted an Auction because they believed, “the property was very hard to value due to its size and location within Santa Barbara County.” This property which included 260 Santa Rosa Lane sold for $28,850,000.
The Truth About Open Houses
Some think that open houses are out of touch and old fashion. Today’s buyer has done their internet research and knows the home before he visits it. As many clicks as your home may generate online, no one is going to purchase a home they’ve never visited. Open houses are deeply rooted in real estate culture for a reason. Buyers need to see, feel, smell, and touch the home.
Improving Economy May Be A Boost To Real Estate
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.
Win Santa Barbara Dream House
1709 Overlook Lane in Santa Barbara
This George Washington Smith estate offers ocean views over the Andre Clark Bird Refuge to the islands. This home was constructed in 1928 and has been designated a registered landmark. The house and grounds have been beautifully renovated by the current owners. The house is 5710 square feet, and the property is privately situated on 0.95 acres. This five-bedroom four and half-bath home has been carefully restored to retain its original charm and character while updating the kitchen and bathrooms.
Real Estate vs. the Stock Market
Santa Barbara Real Estate and the Local Economy
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570