Press is swirling about Prince Harry and Meghan Markle buying an Estate in Montecito. The multi-acre estate which closed a few weeks ago affords great privacy and the all grandeur and amenities the royal couple need and expect. Meghan and Harry join many celebrities in Montecito, including Oprah Winfrey, Ariana Grande, Kevin Costner, Julia Louis-Dreyfus, …
Santa Barbara Luxury Real Estate – Finishing the Year Strong! Among the most recent luxury real estate sales are: a Montecito home near Butterfly Beach that was listed at $13.9 million and sold in 9 days for $13.037 million; an oceanfront home on Padaro Lane that was listed for $9.45 million and sold…
Santa Barbara Luxury Real Estate Activity Update. The Santa Barbara luxury real estate market remains strong. Recent closed sales include an oceanfront cottage on half an acre with about 84 feet of ocean frontage. It was listed at $14.9 million and closed escrow at $13 million. It sold in 34 days! This oceanfront cottage…
Santa Barbara Real Estate Statistical Update – June 30, 2015. Half way through the year, the Santa Barbara real estate market remains strong. It’s been very low supply and very high demand. Santa Barbara is used to low supply and high demand. The low supply comes from the geographic boundaries of the ocean and the…
Montecito Luxury Real Estate – New Foreclosure Listing. A 12,000 square foot French Chateau on over 2 acres was just listed at $8,450,000. This Montecito Estate was on and off the market since June 2013 when it was listed at $19,500,000. Opulence exudes throughout this Estate including embellished ceilings and walls you might find in…
Santa Barbara Luxury Real Estate Market on a Hot Streak – Over $163 million in Santa Barbara luxury real estate sales since January 1st! A celebrity owned beach house on Padaro Lane just closed at $19 million. A Montecito Estate on over 3 acres just closed at $15 million. A historic Hope Ranch Estate on 9…
Santa Barbara Real Estate Statistical Update – Feb 16, 2015. The luxury segment of the Santa Barbara real estate market is dominating! This is a twist from the recent past when the low end of the Santa Barbara real estate market was the strongest. The median sales price of homes sold in Santa Barbara is…
Santa Barbara Real Estate Market Off to Strong Start in 2015! There are currently 3 Santa Barbara homes priced above $10 million in escrow. A Montecito Estate listed at $16.9 million on 3.5 acres. A Hope Ranch historical Estate listed at $16.9 million on 9 acres, and another Montecito Estate listed at $11.9 million on…
Montecito Real Estate – Median Sales Price History Shows An Upward Trend in Montecito Median Sales Price for an Outstanding Period of 16 Years!! From 1993 through 2008, the Montecito Real Estate Market Saw Appreciation. 2008 was the Start of the Decline in the Last Recession. The Decline Lasted 4 Years. The Montecito Real Estate Market…
Santa Barbara Real Estate Statistical Update – Nov 17, 2014. The Santa Barbara real estate market continues to deliver double digit gains in median sales price. This trend has been in place for an extended period. The Santa Barbara median sales price currently stands at $875,000. That is up 11.5% over this time last year…