Santa Barbara Luxury Real Estate – Analysis on Closed Sales Activity. The Santa Barbara luxury real estate market is having a great year! The Santa Barbara luxury real estate market is defined for this analysis as luxury Estates that sold above $10 million. Half way through 2015, there are 9 closed sales totaling $128,134,566. …
Famous Montecito Estate Slashes Asking Price Nearly in Half! A prominent historical Estate in Montecito just reduced asking from $35 million to $17.9 million. The Montecito Estate made famous in the movie “Scarface” has drastically reduced asking price in hopes of putting this historical and storied Montecito Estate in escrow soon. The Montecito luxury real…
Montecito Real Estate Statistical Update – Jan 15, 2015. The Montecito real estate market is off to a very strong start! The Montecito real estate median sales price is $4,090,125. That is up 33.0% from this time last year when the Montecito real estate median sales price was $3,075,000. The number of new homes listed for…
Santa Barbara Luxury Real Estate – Opportunity Knocks! Plentiful supply & a flat median sales price creates a buying opportunity! The Santa Barbara luxury real estate market, defined as homes priced at $5 million and above is a great buying opportunity. Year to date, the number of homes for sale in the Santa Barbara luxury…
Historic Montecito Estate Closes Escrow at $10,500,000. La Casa del Sueno closed escrow at $10,500,000. It was originally listed at $22,500,000. in 2011. La Casa del Sueno was designed by famous architect Reginald Johnson in 1917. It was built for heiress Amy du Pont, the youngest daughter of Eugene du Pont – the first head…
Montecito Mansion Listed for $125,000,000. Rancho San Carlos is Santa Barbara’s Most Expensive Real Estate Listing. Rancho San Carlos which has been in the same family for nearly 100 years is now up for sale. The heirs of this fabulous Montecito Mansion are scattered throughout the Country and find managing it from a distance is…
Montecito Real Estate Statistical Update – Sept 15, 2014. The Montecito real estate market continues its impressive median home selling price appreciation. The Montecito median home selling price stands at $2,750,000. The Montecito median home selling price is up 15.8% over this time last year when the Montecito median home selling price was $2,375,000. The…
Montecito Real Estate Statistical Update Aug 31, 2014. The Montecito real estate market continues its meteoric rise in median sales price. The Montecito median sales price is up an incredible 37.2% year over year. The Montecito median sales price currently stands at $2,812,500. Last year at this time, the Montecito median sales price was $2,050,000.…