139 LOMA MEDIA RD, SANTA BARBARA NOW SOLD

Just Sold!! Incredible, unobstructed ocean, harbor and island views from every room from this lovely Riviera home! Located at 139 Loma Media Rd, Santa Barbara and comprised of 2160 square feet, this property features 2 bedrooms, 2.5 baths, 2 large bonus rooms, 2 additional storage rooms, and an attached 2-car garage. This stunning home consists of two stories with an elevator, and boasts an open floor plan, gorgeous vaulted ceilings, expansive view decks, tile floors, new carpet and new paint. Lots of potential. This property was listed at $1,299,000 and sold for $1,270,000.

This property had gorgeous riviera views, making it a sought-after listing within the community. Check out our SB AREAS pages on the Riviera here. The “Riviera”  name is due to its resemblance to the slopes along the Mediterranean coast of France and Italy. Those lucky enough to live on this ridge place premium value to their homes because of their unsurpassed views of the city, mountains, sea and islands. More info here and check out our other active listings here and contact us today!

Thanks,

Kellie & Randy

 

aCTIVITY IS INCREASING IN BOTH MEDIAN LIST & SALES PRICES

2016 is starting off to be a busy year in real estate. While not as many properties came on the market as compared to January 2015, activity has increased in both the median list price and the median sales price.  Even with the Feds raising rates in December of 2015, interest rates have still remained below 4% for most loans. How long this will last will depend on many factors.

Jan Real estate market recap

We hope the charts and information below will be of interest to you. We will also continue to monitor and report each month the real estate activity throughout the Santa Barbara market.  As always, if you have any questions or know of anyone who is thinking of selling or buying a home or condo, from Carpinteria to Montecito, Santa Barbara, and Goleta to the Santa Ynez Valley, we hope you will consider referring us. Our business is built on our continued service and recommendations from our clients and friends. Contact us today and check out our current listings.

Year # of Sales Median Sales Price Median List Price
2016 74 $1,394,000 $1,444,350
2015 69 $1,000,000 $1,299,000
2014 73 $1,250,000 $1,295,000
2013 81 $842,490 $1,249,000
2012 71 $810,000 $998,000

Status Total Median List Price Average List Price Median Sold Price Average Sold Price
Sold 74 $1,444,350 $2,087,237 $1,394,000 $1,978,827
Pending 67 $1,275,000 $1,687,052
New 11 $1,367,000 $1,977,730

Of the 74 homes that closed escrow in January 2016 in Santa Barbara, CA:

  • 25 were priced under $1,000,000
  • 17 were priced between $1,000,000 and $1,499,999
  • 11 were priced between $1,500,000 and $1,999,999
  • 6 were priced between $2,000,000 and $2,999,999
  • 5 were priced between $3,000,000 and $3,999,999
  • 2 were priced between $4,000,000 and $4,999,999
  • 5 were priced at $5,000,000 and up

If you would like more information on the market update provided, please contact us today.

Thanks,

Kellie & Randy

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!