NEW LISTING AT 1420 CASTILLO ST A, SANTA BARBARA, CA 93101

Just Listed! We are super excited to share this new listing! 1420 Castillo St. A is an updated 2 bedroom, 2 bath craftsman style condo that lives like a single family home! Located in the heart of downtown Santa Barbara and in the sought-after Peabody school district, this is a free-standing cottage in a small condo complex of only 5 units. This charming home offers a brand new roof, living room with fireplace and hardwood floors, sunny kitchen with stainless appliances and skylight, and a bonus room off the kitchen that’s perfect for dining, a home office, den, or playroom. Spacious and fenced yard with raised garden beds and a chicken coop. 1 car carport with storage space plus 1 additional uncovered parking space.

Contact us today for more info or to view this property today!

New listing in rancho santa barbara

We are excited to announce our new listing at 333 Old Mill RD #64, Santa Barbara CA 93110. Built in 2006, this stunning manufactured home in Rancho Santa Barbara offers 1120 square feet of living space and is in impeccable condition. This home features 2 bedrooms, 2 bathrooms and a large living area with an open floor plan. Beautiful landscaping with a private outside patio and storage shed. Rancho Santa Barbara is a lovely senior park complete with clubhouse, fitness center, pool, hot tub, golf course and community garden.

 Stay tuned for open house information, view the video and Contact us today for more info!

The Fed Raises its Rate, Santa Barbara Real Estate Remains Strong

As most of you heard last month, The Federal Reserve raised it rate for the first time in nine years. How does this affect our local Santa Barbara real estate?  This action from the Fed reflects its belief that the  U.S. economy has finally regained enough strength 6 1/2 years after the Great Recession to endure higher borrowing rates. For more info on Santa Barbara real estate check out our tables below:

Real estate in Santa Barbara has continued to be very strong based upon the statistics from the Santa Barbara Multiple Listing Service:

Year # of Homes & PUDs Median Sales Price Avg Sales Price (incl. Montecito & Hope Ranch)
2015 1,138 $1,100,000 $1,771,445
2014 1,056 $1,120,500 $1,701409
2013 1,270 $ 945,000
2012 1,284 $ 795,000
Year # Of Condos Median Sales Price Average Sales Price (without Montecito)
2015 554 $597,500 $676,913
2014 435 $560,000 $654,664
2013 442 $507,500
2012 516 $399,945

2016 is also expected to be a good year for real estate, even though the Federal Reserve raised its rate in December for the first time since 2006. The hike was small, .25 of a percentage point, but more significantly, it was a signal to homeowners and consumers alike that the economy is growing and the era of super low mortgage rates is about to change. The Federal Reserve is expected to raise rates gradually throughout 2016 and 2017. However, the large demand for housing will remained strong as the inventory is low. The quality of life is second to none in Santa Barbara, a place of beauty and a magnificent climate.

We wish you the best in the upcoming year and want to remind you that if you are thinking of buying or selling, or know someone who is, please think of us, Randy and Kellie. Stay tuned for more blog articles on real estate news, market updates and more. You can check out our current listings and contact us today!

Thank You,

Randy & Kellie