Author Archive | Pat Saraca

Montecito Real Estate Sales Up

According to recent MLS data, Montecito had a 33% increase in number of homes sold in the 3rd quarter as compared to the 2nd quarter.  There were some major Montecito Estates that closed escrow during this period. A fantastic, brand new Montecito ocean view estate sold for $18,500,000. This 12,000 s.f. estate had been on […]

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Montecito Ocean View Estates

Viewed several spectacular ocean view properties in Montecito this week! The first is an estate which boasts a prime location – with Oprah as a neighbor. Buy this home and perhaps one day you will be invited to attend one of Oprah’s exclusive events! Of course another reason to buy the property is to own […]

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Santa Barbara & Montecito Real Estate on Rebound?

Housing starting to show a recovery in Santa Barbara and Montecito? Some indicators sure do point in that direction. Existing home sales increased in July by 7.2% – this is the biggest single month increase on record. Two additional impressive items of note – July pending home sales increased to a 2 year high and […]

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Santa Barbara Oceanfront Property for Sale

There are currently 19 oceanfront properties for sale in Santa Barbara in the area from Goleta to Carpinteria. The prices range from $1,399,900 for a 2 bedroom, 2 bath second floor condominium in Carpinteria to $29,950,000. There are 2 oceanfront estates for sale at $29,950,000. The first is an estate on Padaro Lane. This estate features […]

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Estate in Hope Ranch

Santa Barbara, Montecito, and Hope Ranch have some of the finest examples of George Washington Smith architecture as he spent many years living in the Montecito area. Born Feb 22, 1876  George Washington Smith was raised in Philadelphia & studied painting at Pennsylvania Academy of Fine Arts.  Later Smith attended Harvard University to study architecture. […]

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Montecito Ocean Front

In yet another testament to the strength of the Montecito Real Estate Market, two properties across from Butterfly Beach have just entered escrow. One is a gorgeous Montecito Estate on Hill Road with 4 bedrooms, 6 baths and ocean, mountain and harbor views. The asking price was $18,800,000. Also in escrow are the adjacent 2 […]

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Montecito Estate Buyer’s Market

The Santa Barbara Association of Realtors recently held its Real Estate & Economic Review & Forecast for the Santa Barbara real estate market at the Montecito Country Club. This review of the recent Santa Barbara Real Estate market dynamics, including the luxury real estate market, shows the median price has come down over the last 12 […]

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Santa Barbara Real Estate Benefits From Prestigious Award

Santa Barbara real estate has yet another reason for sustained demand. Santa Barbara has just received a prestigious award by the National Trust for Historic Preservation. Santa Barbara was selected as one of the 12 most distinctive destinations in America. According to the Trust, they make their choices based on “vacation destinations across the United States […]

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