Rob Lowe’s 10,000 square foot Oakview Estate on Picacho Lane in Montecito has sold for $44,500,000. Nestled on 3.4 acres, the Estate features a main residence, pool cabana, tennis court and ocean views. Rob Lowe is among many celebrities that call Montecito home. They include Prince Harry and Meghan Markle, Oprah Winfrey, Gwyneth Paltrrow, Jeff…
South Coast Snapshot… The Santa Barbara Real Estate Market is on Fire! Huge Buyer Demand Very Low Inventory We are in the 10th consecutive month of very low inventory. If you are thinking of selling, lets talk… Single Family Homes Sold +22% ~ 159 in Aug 2020 vs. 130 in Aug 2019 Single Family…
South Coast Snapshot… July 2020 was a record setting month. Demand is the strongest I have seen in nearly 20 years. We are in the 9th consecutive month of very low inventory Single Family Homes Sold +9% ~ 127 in July 2020 vs. 117 in July 2019 Single Family Median Sales Price +43% ~…
South Coast Snapshot… There were 222 pending sales in June. This is the highest number of pending sales in 18 months. Buyer demand remains very strong, especially from Los Angeles and San Francisco. Well priced properties are selling immediately, some with multiple offers. Single Family Homes Sold -5% :: 118 in June 2020 vs.…
The Santa Barbara luxury real estate market is seeing tremendous demand. Inventory is down, and buyer demand is extremely high with buyers are coming from Los Angeles, San Francisco, New York & other parts of the country. The pandemic and the stay at home order has made a home more important than ever before &…
Wendy Gragg is honored to be invited to join Haute Residence, a select group of top real estate agents from all over the world who collaborate to get their luxury listings exposed to high end buyers from all across the globe. Wendy Gragg has been a luxury real estate specialist in Montecito, Santa Barbara and…
South Coast Snapshot… May sales data is directly attributable to the pandemic which shut down the market in mid March. Pending sales began stabilizing in May and June has 54 escrows in the first 11 days. There is strong buyer demand from Los Angeles and San Francisco. Single Family Homes Sold -52% :: 65…
Santa Barbara South Coast Snapshot… Data is reflective of the first full month of COVID 19 Impact Single Family Homes Sold -35% ~ 69 in April 2020 vs. 106 in April 2019 Single Family Median Sales Price -10% ~ $1,200,000. in April 2020 vs. $1,336,250. in April 2019 Single Family Average Sales Price -14%…
Santa Barbara Real Estate Statistical Update – March 2020 South Coast Snapshot…. Single Family Homes Sold -12% ~ 93 in Mar 2020 vs. 106 in Mar 2019 Single Family Median Sales Price +8% ~ $1,305,000. in Mar 2020 vs. $1,210,000. in Mar 2019 Single Family Average Sales Price +9% ~ $1,658,430. in Mar 2020 vs.…
I Predict You Will Look Back on this Time and Say I Should Have Bought Santa Barbara Real Estate! I Have Heard it A Lot After Times Like These! Financial Experts are Expecting a Significant Snap Back to Our Economy This Year! Major Financial Stimulus & Liquidity is Being Pumped Into Our Economy!…