Archive | Santa Barbara Properties Market outlook

Santa Barbara estates for sale, sold in the 1st quarter, continue to defy national trends with strong sales figures for the start of 2008

Santa Barbara estates for sale thus far in 2008 are performing beautifully. The below table for year over year statistics for Santa Barbara properties for sale from $2.5 million and above shows an extremely robust trend for this early year sampling to date. For Santa Barbara properties, mortgage rates are very favorable and yes, lenders […]

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Montecito properties sold for March 2008 show continued solid sales pace selling at an average 94% of list price.

The upper end Santa Barbara real estate maketplace of Montecito Properties and Montecito estates for sale continues to display solid gains and sales pace, with an average closed price 94% of list price. Properties below are all sold properties in the Montecito area, per the Santa Barbara MLS for the month of March, 2008        Montecito Properties […]

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Santa Barbara real estate market sees another record ranch sale. Sold for $21 million in Montecito estates segment

Santa Barbara estates ranch property on Ortega Ridge in the Montecito Estates market place has sold for $21 million. It was listed for $20 million and sold for over the asking price. That’s correct, over asking in todays market! The 80-acres of pristine ranch land, ocean view ranch home, pool and tennis court, sold for over 10 times it’s 1993 […]

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Santa Barbara real estate market year to date comparison to last year shows stability and renewed strength

The Santa Barbara real estate markets of Santa Barbara proper, Montecito real estate, and Hope Ranch real estate markets show continued strength and marked improvement moving through the first quarter of 2008. Statisctics below from Santa Barbara MLS for Single Family Homes and Condominiums.  This Year: 1/1/2008 to 3/24/2008 Last Year: 1/1/2007 to 3/24/2007 For: 3/24/2008 Property […]

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Volatility in the Bond market affected Santa Barbara home loan rates violently but fixed home mortgage rates were better by around .25 percentage points ending the week.

With unprecedented weekend work, the Fed, this past Sunday evening, released news that the they not only decided to move to a decreased Discount Rate by .25%, 2 days ahead of  normal, but they also had helped assist the rescue of investment house Bear Stearns. The 80+ year old firm had its stock bought out […]

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Santa Barbara $50 Million Montecito beach front property, The Miramar Hotel and resort sees yet another delay

Sept. 6, 2007 – Premier Montecito beach front property resort and hotel is a Santa Barbara property jewel that has been mired again in bureaucratic red tape   Rick Caruso, the new owner and developer of the signature Montecito beach property Miramar Hotel says he’s redesigned the plan for the Santa Barbara beach front property, Miramar […]

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What is the current state of the Santa Barbara Real Estate Market, Montecito real estate, Hope Ranch properties and surrounding areas?

Recent analysis of some strong market indicators, We have found the following: Today, on the Santa Barbara real estate market supply side, there is about a 4 month supply of Santa Barbara homes for sale in the median price range of the Santa Barbara real estate market place, greatly improved from an 11 month supply in […]

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Sub-Prime housing debacle is over-hyped, stock market media influenced, press sensationalism

Wall Street is always looking to pry real estate equity into unreliable stock investments. Make lenders more responsible and housing markets will remain stable. (original post from August 2007). In case anyone hasn’t noticed, there are many real estate markets across the US that continue to fire on all cylinders. Some are again out of […]

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Oprah Winfrey’s Montecito CA home has appreciated well in a solid Santa Barbara California real estate market.

Montecito, Calif: Oprah Winfrey is a savy business woman, as demonstrated in her success as a media mogul. She shows the same business acumen in residential real estate with her acquisition of her Santa Barbara estates purchase in Montecito, a small affluent comunity included in the Santa Barbara real estate market area. Oprah paid $52 million in […]

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