SB & SYV Real Estate Market Stats + Latest Montecito Stats & Trends
Welcome to Summer! We hope you are enjoying your time & hopefully going on some planned vacations or just staying close to home enjoying life and your family. The real estate market is still active for both buyers and sellers, however in both Santa Barbara and the Santa Ynez Valley we are starting to see some small changes. While homes that are priced correctly are selling, they are staying on the market a little longer than before. An increased numbe of homes are coming on the market which is allowing buyers more choices, but with the rise in interest rates and the property tax write-off being capped at $10,000, buyers are starting to be a little more cautious. This month our real estate update includes a section on Montecito. Each quarter we will provide you with an update on Montecito, which also includes comparisons of quarterly activity and comparison with 2017 statistics. It will be interesting to continue following up on the market as we go through 2018. As always, if we can be of any service to you or if you know anyone (friends, relatives, co-workers, etc.), we hope you will consider us.
We are happy to announce the sale of this great home! We represented both the Buyer & Seller of this 4 bedroom 2 bath home conveniently located to Shopping, Hollister Elementary School and San Marcos High School. Sold For: $770,000.
We are happy to announce the sale of this lovely home. We represented the buyers of this great Santa Barbara property, 10 La Cumbre Circle is a single-level 3BR/2BA townhome that lives like a single-family home. With over 1,200 sq. ft., this PUD has new carpet, paint, smooth ceilings and updated landscaping. Sold For: $753,000.
Open Sunday 7/22 from 1-4pm! A tree-lined drive in the sought-after Hope School neighborhood adds to the magical setting of this 3 bedroom, 2 bath retreat. The 0.18-acre property has all the delights of California living against a backdrop of mountains and blue sky. A fully-fenced backyard flanked with persimmon and orange trees surrounds a wraparound pergola-covered veranda, offering privacy and mountain views. In front, a large driveway leads to the two-car garage, and a sun-bathed brick porch yields a scenic escape. At nearly 1,400 square feet, the charming cottage provides comfortable quarters for a variety of households; inside, the circular floor plan includes a sunny kitchen, formal dining area and central living room with fireplace. A newer roof, exterior and interior paint, and backyard rock retaining wall are among the recent upgrades.
Now Offered At: $950,000
Open: Sunday, July 22nd: 1-4pm
For a Full List of Open Houses in Santa Barbara & Santa Ynez Go Here.
Meticulously maintained and remodeled to perfection in 2008, this private and majestic countryside estate of approximately 5,300 square feet offers 4 bedrooms and 5 baths on nearly 8 acres in the prestigious Regency Hills neighborhood overlooking the rich landscape of Santa Ynez Valley wine country.
Become a part of winemaking history, and learn the incredible story of Gypsy Canyon Winery. Nestled along the rolling hills of the prestigious Santa Rita Hills AVA, Gypsy Canyon Winery awaits a new proprietor who will honor its enduring legacy. The property includes an exquisitely restored 2BD2/BA farmhouse, a detached 1BD casita; a remarkable finished ”barn” and a saltwater pool/spa. Unparalleled privacy coupled with enchanting vistas complete the excellence offered in this rare opportunity to own one of the Valley’s most treasured historic vineyards.
Santa Barbara & Montecito Real Estate Roundup
Randy & Kellie