Santa Barbara Real Estate - Santa Barbara Homes for Sale

Santa Barbara - “The American Riviera”

From wooded hills and magnificent estates to the laid back beaches, Santa Barbara’s renowned beauty is more than skin deep. Active, community-minded residents have shaped this metropolitan area into a well-rounded, multifaceted gem of a place for the discriminating person to live and work, many who are convinced they live in paradise.

Known as “The American Riviera,” the mix of so many cultures and people with world travel under their belts makes for an exciting mix of life. Opportunities abound in Santa Barbara to enjoy a life tailored to families as well as the individual’s needs. There is quality shopping, over 400 fine restaurants, numerous cultural activities, countless active outdoor pursuits, top educational institutions such as the University of California, and a small local airport to shoot you off to wherever you may need to go…while counting the days until you return. Yes, the climate here is wonderful.

Early on, Santa Barbara’s soothing climate provided a prime stomping ground for the Chumash Indians. They were followed by the Portuguese, Spaniards and Franciscans, who later left their stamp with the beautiful Mission Santa Ines in Solvang, La Purisma Mission State Historic Park in Lompoc (one of the most complete and authentic missions standing) and the Queen of the Missions, Mission Santa Barbara. Mexico stepped in for 24 years before Colonel John Fremont crowned Santa Barbara a U.S. territory in 1846.

In the early 1900s, Santa Barbara became the film capital of the world before the motion picture industry centralized in Hollywood. More than 1,200 movies (mostly Westerns) were made in a 10-year span and Santa Barbara became a favorite retreat for such legendary film stars as Douglas Fairbanks, Mary Pickford and Charlie Chaplin.

The area soon evolved into a haven for wealthy Easterners and a hot spot for health-seekers lured by the city’s curing mineral baths. At the turn of the century, luxury rail cars turned out the Rockefellers, Vanderbilts, Carnegies and Duponts, followed by an artistic swell of painters, poets and authors. Santa Barbara Harbor Waterfront

Today, Santa Barbara proper is home to some 95,000 residents and still exudes the warmth and relaxation of a small city, coupled with the major attractions of a metropolis. Many of the buildings, homes and estates built in Santa Barbara have a Spanish-Mediterranean architecture and are located anywhere from the relaxed pristine coastline to the foothills.

Pedestrian-friendly with roughly 76 designated historic landmarks, an impressive line-up of performing arts venues, museums, galleries and restaurants, the area is an excellent vacation destination, especially from the California hubs of Los Angeles (92 miles south) and San Francisco (332 miles north).

Santa Barbara’s unique neighborhoods vary in size, topography and real estate values, all with their own unique characteristics.

Santa Barbara Real Estate values vary based on areas, but average around $ 500,000 to $ 3 million. Spectacular view homes, estates and ocean front property start at around $1.5 million and can exceed this amount fivefold, tenfold or more…

If you are interested in real estate here in Santa Barbara, Montecito and our surrounding areas, as well as any other aspects of life here, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.

Read About: Santa Barbara’s Oceanfront Areas

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Downtown, The Mesa, The Westside, Mission Canyon, San Roque, Samarkand,

The Riviera, The Upper East, Campanil Hill and Yankee Farm, The Oceanfront

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2010 Feb 8th

CORT Report Sales for Santa Barbara CA. December 2009 & January 2010

February 8th, 2010 Categories: Hope Ranch, Market Statistics / Updates, Montecito, Santa Barbara

Santa Barbara CORT Reports January 2010

View: Detailed list of each home that has sold including price for January 2010

Further Reading:

For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.

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2010 Feb 7th

Pros and Cons of Buying Foreclosures in Santa Barbara, Carpinteria and Goleta CA.

February 7th, 2010 Categories: Carpinteria, Foreclosures & Bank Owned, Goleta, Santa Barbara

As a home buyer in today’s market here in Santa Barbara, Goleta and Carpinteria, you may be able to get “deals” on Santa Barbara Goleta and Carpinteria Foreclosures foreclosures, but buying foreclosures can be risky as well. If you are looking at foreclosures as an option for a home purchase, it is crucial to understand the many potential cons associated with the one obvious “pro” of buying a foreclosure.

First, there are a few definitions of properties that are generally thrown around and become universally known as “foreclosures.” A “pre-foreclosure” for example is a home which is in danger of falling into foreclosure, but is still owned by the homeowner. An example is simply a homeowner that has stopped making payments and has received a notice of default. A true “foreclosure” is a property that has already been repossessed by a creditor or a lender to recover the amount owed on it and is being put on the open market. These foreclosures can be bought at either an auction or later on the open market as “bank-owned properties” (REO properties) from a lender.

The Obvious “Pro” of Buying a Foreclosure in Santa Barbara

The obvious potential to purchase a home at a lower-than-market-value price. DONE! That is that.

Banks are often willing to offer foreclosures at a discount simply because the longer they hold onto these properties, the more it will cost them in terms of taxes, maintenance, etc. Here in the Santa Barbara area, foreclosures can be found at all price points (starter homes, luxury homes, etc.), but the vast majority are situated in the lower end price range from about $250,000 to $750,000.

Some of The Not So Obvious Cons to Buying a Foreclosure in Santa Barbara

Since “good” foreclosures can sometimes be offered at significant discounts, you will almost undoubtedly face steep competition and bidding from other buyers. In a town such as Santa Barbara, often these buyers are all cash and are tough to beat. But this is not always the case.
If you buy a foreclosed home at an auction, you may also find yourself in a situation that you have to pay cash (that day!) and may not be able to do proper inspections of the home before purchasing.
Not all lenders offer loans for distressed properties.
Many foreclosures need serious and costly repairs. This, I personally think is the most important aspect that needs to be understood. I think many buyers (especially first time home buyers) are truly unaware of the costs to repair and update a home that needs “work”. I also believe that many uneducated real estate agents do not properly/can not properly inform their clients of these costs. Too often I hear Realtors and prospective buyers looking at general fixers and foreclosures that need a good amount of “work” and saying comments such as “But if you get this at $650,000, then all you need to do is throw in $50,000 to $60,000 and you are done.” In reality this $50,000 to $60,000 is almost always $100,000 to $120,000, if not more, plus the added stress, plus carrying cost, plus enormous amounts of time etc.
Foreclosures tend to sit vacant for periods of time and have been neglected which can lead to major maintenance issues.
Sometimes foreclosure buyers themselves have to start eviction proceedings and pay legal fees to get the previous tenants/owners out of the home.
Often foreclosures are bundled around other foreclosures and thus the neighborhood home values are very depressed and will take longer to rebuild.
Etc.

I encourage anyone who has the interest in looking at foreclosures to do so. Just be educated and hopefully work with an agent that understands the realities of these properties as well as the true reality of costs to fix up homes that need “work”.

Further Reading:

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2010 Feb 2nd

25th Santa Barbara Film Festival (Silver Anniversary) February 4 - 14th, 2010

February 2nd, 2010 Categories: Lifestyle / Things to Do, Santa Barbara

Santa Barbara Film Festival 2010

Welcome once again to…Santa Barbara, CA. Celebrating its Silver Anniversary, The Santa Barbara International Film Festival presents a wonderful line-up for 2010 featuring 200 films that include World Premieres, U.S. Premieres and numerous films representing countries around the world.

The Festival chosen motto for this year is ‘11 Amazing Days, 10 Starry Nights.’

The excitement starts this Thursday, February 4th.

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2009 Dec 11th

Looking for a Santa Barbara Vacation Rental?

December 11th, 2009 Categories: Santa Barbara

With the pure beauty of Santa Barbara and the year around temperate climate, our community is high on the list for many people as a vacation Santa Barbara Vacation Rentals destination. Besides all the wonderful hotels, small inns and B&B’s, Santa Barbara also offers numerous options for vacation rentals. These vacation rentals vary from ocean front property, to 1 bedroom condos, to numerous view homes, to simply “community living” within a “family” neighborhood.

The major reason for the availability of vacation rentals seems to simply stem from the reality that much of our community is well traveled themselves and therefore often set their own personal homes up on sites as vacation rentals, home swaps etc.

If you are looking for a good vacation rental option, I would recommend to following sites:

Thank you for reading. I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts.

For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in the Santa Barbara area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.

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2009 Nov 18th

The Top 10 Most Expensive Beachfront Real Estate Sales in Santa Barbara, Montecito and Carpinteria CA.

November 18th, 2009 Categories: Luxury Real Estate, Santa Barbara, The Oceanfront Areas

Year to date, here is a list of the top 5 most expensive beachfront real estate sales for 2009 here in the Santa Barbara, Montecito, Summerland and Carpinteria CA areas. Most of the beachfront sales in the last 15 months have been at prices about 30-40% from the peaks in early 2008. Of all the markets here in the Santa Barbara area, our luxury beach front real estate has most likely taken Santa Barbara Montecito Oceanfront Beachfront Real Estate Sales 2009 the hardest hit in values.

4385 Marina Drive, Santa Barbara CA., 93108. Sold for $12,800,000. Rising from a sun-drenched promontory overlooking the Pacific, “Terra Bella” is a magical romantic Italian style villa embracing 13,500 +/- sq. ft. of old world ambiance with stunning ocean and island views, numerous verandas and 2.9 acres of classical gardens. Amenities include a grand public room, 9 bedrooms, eat-in kitchen, library, media room, fitness room, office, guest apartment, 6 car garage, stables and a personal vineyard….true comfortable elegance.
1631 Posilipo Lane, Montecito CA., 93108. Sold for $8,300,000. Toes in the Sand. Noted as one of the best beach locations and beach areas in magical Montecito, this home sits on approx 1/2 acre, with roughly 75 feet of sand. This property offers its new owner a fantastic opportunity to not just vacation in Paradise and the American Riviera, but to live in it. These opportunities simply do not come up that often.
3447 / 3445 Padaro Lane, Carpinteria CA., 93013. Sold for $6,350,000. A true beach house located directly on the sand in a wonderful part of Padaro Cove. Large expansive wooden deck, wonderful view windows that bring the outdoors inside. There is a detached private 2 bedroom guest home. Newer landscape, outdoor shower, newer carpet and paint. A true Beach Home ready for new owners.
3284 Beach Club Road, Carpinteria CA., 93013. Sold for $6,100,000. A very private hideaway tucked away at the coveted cove on Beach Club Rd. This wonderful home offers tremendous views of the ocean & mountains. A charming beachfront 2 bedroom home plus loft is for the first time on the market. A magical cottage offers a special ambiance in which to enjoy dramatic sunrises, dining al fresco, & the comfortable luxury of seaside living only minutes from Montecito and Santa Barbara.
2425 East Finney Street, Summerland CA., 93067. Sold for $5,950,000. Enjoy the undeniable breathtaking ocean views from this bright & charming Cape Cod beach house! Designed by local renowned architect Andy Neumann, there are 4 bedrooms plus and office, 5.5 baths, hardwood floors, cathedral beam ceilings, a magical spacious master suite, astounding ocean views from almost every room, fresh colorful landscaping, decking, brick patios & a 3-car garage. Rarely available in this location, this beachfront home is privately located at end of Finney Street w/easy beach access.

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2009 Nov 11th

The Top 10 Most Expensive Condo / Townhome Real Estate Sales in Santa Barbara CA in 2009

November 11th, 2009 Categories: Luxury Real Estate, Market Statistics / Updates, Santa Barbara

Year to date, here is a list of the top 10 most expensive condo / townhome real estate sales for 2009 here in the Santa Barbara area. Most of the sales in the last 15 months have been at prices about 20-25% below the peak in late 2007.

4763 Sandyland Road, Carpinteria CA., 93013. Sold for $4,000,000. Classic Santa Barbara CA living in this beautiful, oceanfront - toes in the sand, gated 3 bedroom, 2.5 bath beach home. Enjoy wonderful unobstructed ocean, island and mountain views, sea breezes & breaking scenery. Amenities include a large living room and luxury master suite, large deck and spa just feet from the sand. A gourmet kitchen, perfect for entertaining, 3,000+ sq.ft. home, minutes to Montecito and Santa Barbara.
531 Chapala Street #A, Santa Barbara CA., 93101. Sold for $1,875,000. Designed by Architect Jeff Shelton with an open floor plan and high ceilings. This gracious home surrounds an open-air courtyard. “El Andaluz” exudes quality throughout, featuring select appliances, fixtures and high-tech internet capabilities and a private 2 car garage, with an individual elevator servicing each home. These elite, Moroccan influenced homes capture the essence of Santa Barbara living.
79 Seaview Drive, Montecito CA., 93108. Sold for $1,450,000. A terrific buy, this beautiful, extensively remodeled unit has heated walnut floors, crown molding, wainscoting and stained wood beams. Wonderful country kitchen with farm sink, custom tile & granite counter tops and lovely remodeled baths. Montecito Shores is an oceanfront community with a guard gate, pool, tennis facilities etc. Located on the south facing shoreline just a few minutes walk to the beach.
121 West De la Guerra Street #14, Santa Barbara CA., 93101. Sold for $1,400,000. 1 of 11 luxury residences in the heart of Santa Barbara, the American Riviera. Experience the unique Santa Barbara lifestyle in this Spanish-styled downtown setting w/a sophisticated contemporary flair. Spectacular floor plan, with top-of-the-line finishes & amenities. Located close to restaurants, shopping, movie & performing arts theaters & all downtown has to offer.
121 Via Alicia, Montecito CA., 93108. Sold for $1,400,000. Luxury town home in gated “Loma Alicia” with over 15 acres of open space, ocean, mountain and city views, community pool & spa. Two bedroom suites plus office, great kitchen with breakfast & family rooms, 3 fireplaces & 2 car garage.
657 Del Parque Drive #E, Santa Barbara CA., 93103. Sold for $1,300,000. Rare beach front at East Beach in Santa Barbara! White water views, volleyball courts and more! A gated community with 3 bedrooms and 2 baths, 2 wood burning fireplaces, a 2 car attached garage, a large floor plan plus permanent stairs to a finished 400 sq ft (per owner) sky lit finished attic! Community pool area.
504 East Arrellega Street, Santa Barbara CA., 93101. Sold for $1,237,000. In classic Craftsman Style, Arrellaga & Olive is a newer 3 unit condo development in the upper east area in Santa Barbara. 504 East Arrellaga is the stand alone 3 bedroom 3.5 bath home with 2 master suites, making this perfect for dual living and privacy in designer style.
121 West De la Guerra Street #13, Santa Barbara CA., 93101. Sold for $1,200,000. 1 of 11 luxury residences in the heart of Santa Barbara, the American Riviera. Experience the unique Santa Barbara lifestyle in this Spanish-styled downtown setting w/a sophisticated contemporary flair. Spectacular floor plan, with top-of-the-line finishes & amenities. Located close to restaurants, shopping, movie & performing arts theaters & all downtown has to offer.
105 West De la Guerra Street, Santa Barbara CA., 93101. Sold for $1,095,000. A large 2 bedroom 2.5 bath condo with 3 patios and a private garage with direct access in one of Santa Barbara’s newest luxury developments. Paseo Chapala is located in the heart of downtown. Spacious luxury inside, vibrant city life outside. Elevator access, gourmet kitchen with Granite & Stainless Monogram appliances, wood flooring, built in speakers, separate tub / shower, 2 fireplaces.
414 Por la Mar Circle, Santa Barbara CA., 93103. Sold for $1,050,000. Beautifully remodeled & rarely available 3 bedroom El Escorial Villas ground floor plan with a fire place in the living room, huge master suite & large patio near the pool area. El Escorial Villas is a resort-like setting with a beautiful pool & spa, health club, tennis courts, gated with 24-hour security & is located across from East Beach. Minutes to Montecito’s Coast Village Area & within easy access to downtown Santa Barbara.

View: Current Luxury Townhome / Condo Listings $1 Million and Above

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2009 Oct 15th

The Secret of Santa Barbara CA. Foreclosures - Update October 2009

October 15th, 2009 Categories: Foreclosures & Bank Owned, Santa Barbara

Where is the real estate market today with regards to foreclosures here in Santa Barbara CA? Santa Barbara CA Foreclosure Information

The answer to this really depends on the specific areas of Santa Barbara you are talking about as well as specific price points. Santa Barbara is simply too unique of a town to pinpoint a “foreclosure label” at any level, on any certain part of our real estate market. You really have to look at the individual markets and areas within our community.

For example, lately in the national news we have been bombarded by information and statistics about how the high end luxury real estate markets are seeing a lot of distressed properties and bank owned properties. Here in the Santa Barbara area, most people would consider Montecito and Hope Ranch to be 2 of our prominent high end areas. So far since the start of 2009, there have been only a total of 10 combined short sales and foreclosures in these areas. In addition, all of these have been from the $900,000 to the $2 million price point…not what most everyone would consider our luxury market. Total Active Listings during this same period in the Montecito and Hope Ranch areas have been 392…not too dramatic of a percentage of foreclosures and short sales (roughly 2% of the market).

In Santa Barbara proper, foreclosures and short sales are spread unevenly throughout the market and are predominantly located in the lower price points of our market. For example, in the Santa Barbara MLS year to date in Santa Barbara proper, we have had approximately 55 bank-owned/foreclosure properties. Of these 55 properties, more than 85% of these listings are condos and/or entry level single family homes below the $600,000 price point. This compares to where the “average home” in Santa Barbara proper tends to sell between the $750,000 and $1.2 million price point. Additionally, there have been year to date 810 new listings this year in Santa Barbara proper. Thus foreclosures represent only 7% of our market here in Santa Barbara proper.

Where are we headed in the near future here in Santa Barbara?

No one seems to really be able to answer this question precisely. What is definite is that we will still see some short sales and foreclosures here in our area in the coming few years. Whether they will increase in numbers, stay where they have been or decrease is the golden question. Based on the last 2 years’ information, I assume that at whatever levels they come at, we will continue to see the same general areas having the most short sales and foreclosures as well as within the same general price points.

View: Current Inventory of Short Sales in Santa Barbara

View: Current Inventory of Foreclosures in Santa Barbara

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2009 Sep 15th

Santa Barbara Luxury Real Estate Sales - Statistics Through Sept 15th, 2009

September 15th, 2009 Categories: Luxury Real Estate, Market Statistics / Updates, Santa Barbara

Here and there I am proposed various questions from clients about the luxury market here in Santa Barbara CA., such as where are the most luxurious homes located and/or what is the most expensive sale this year. Many times though it is as “simple” as what is the true definition of luxury real estate here in our area. The answer is that there is no exact definition of luxury real estate and this varies greatly depending on the circumstances, whom you talk to, location in our town etc. But in order to provide some statistics, I am going to break it down with price being the simple parameter.

–For our purposes here, I am going to refer to the luxury market here in Santa Barbara proper as any sale over the $2.5 million mark.

During the first 8 months of 2009, there were only a total of 3 closed sales of luxury single family homes here in Santa Barbara proper. As of Sept 15th, 2009, there were 2 properties in this luxury market that were pending sale (under contract).

The highest sale within this luxury market was an exquisitely remodeled Mediterranean home located on the Riviera with ocean, island and harbor views. Highlights of the home include 4 bedroom suites, lofty beamed ceilings, a gourmet kitchen, a pool, and more. The property was located at 939 Arbolado Road, Santa Barbara CA, 93103 and sold for $3,225,000.

Santa Barbara Luxury Real Estate

The 2 other sales of luxury property so far in Santa Barbara proper this year were:

256 Loma Media Road, Santa Barbara CA., 93103. This property was a Spanish masterpiece again with sweeping views of the ocean, islands and harbor as well as lush gardens. The property sold in May for $2,775,000.
1415 Mission Ridge Road, Santa Barbara CA., 93103. This property was also an ocean view Riviera home with wonderful workmanship and lush grounds. The property sold in July for $2,575,000.

Overall, the luxury market here in Santa Barbara proper was a decent amount slower in comparison to the first 8 months of the last few years. Overall, most of our sales so far this year in the luxury market were concentrated in Montecito, Hope Ranch and Carpinteria.

In Santa Barbara proper, most of the activity for the first part of the year has been in the $400,000 to $2 Million price range.

If you would like a more complete update on any of these properties or any part of our Luxury Market and/or any other areas within Santa Barbara, Montecito, Carpinteria, Goleta, Hope Ranch, Summerland, and/or The Santa Ynez Valley, please feel free to contact me.

View: Current Santa Barbara Luxury Real Estate Listings $2.5 Million and Above

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2009 Aug 18th

Santa Barbara CA. Real Estate Among “Pricey Cities That Pay Off”

August 18th, 2009 Categories: Luxury Real Estate, Santa Barbara

10 Pricey Cities that Pay Off

by Matthew Bandyk of US News and World Report Santa Barbara CA

(short excerpt)

“When you pay a lot of money for something, you hope to get a lot of value in return. Despite the housing downturn and the number of cheap houses it has left in its wake, there is still plenty of expensive land left. According to the Global Property Guide, an online real estate investor’s guide, New York might have slipped from the second-most-expensive city in the world in 2008 to the sixth most expensive in 2009, but an average 120-square-meter (1,300-square-foot) apartment in the central business district will still cost you a hefty $14,898 per square meter.

So why are people willing to pay a fortune to live in certain places? And what are they getting in return for their money? According to a recent working paper from University of Michigan economist David Albouy, there’s a great deal of value to be found in those high prices. “ Read Full Article

Santa Barbara CA. is proudly on this list. Only once you live here or have visited often will you understand the quality of life that exists in our town. Santa Barbara’s active, community-minded residents have shaped this metropolitanarea into a well-rounded, multifaceted gem of a place for the discriminating person to live and work, many who are convinced they live in paradise. Known as “The American Riviera,” the mix of so many cultures and people with world travel under their belts makes for an exciting mix of life. Opportunities abound in Santa Barbara to enjoy a life tailored to families as well as the individual’s needs.

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2009 May 9th

Santa Barbara CA Jesusita Fire Update, 80 Confirmed Homes Burned - Saturday May 9th

May 9th, 2009 Categories: Goleta, Mission Canyon Neighborhood, San Roque Neighborhood, Santa Barbara

Santa Barbara Fire After several relentless and stressful days of extreme heat, wind and fire, Santa Barbara is finally getting a break from the weather. With day time temperatures around 100 degrees and overnight temperatures hovering in the 80 degree range the last 4 days as well as wind gusts up to 50-70 miles an hour, this mornings heavy marine layer, calmer winds and 58 degree weather is a blessing.

Everyone one I seem to talk with expresses their appreciation with the job the fire fighters have been doing with the evacuation, keeping everyone safe and protecting as much Santa Barbara property as possible. THANK YOU.

Here are some current statistics and photos as of early this morning reported by local news sources:

Fire Status: Santa Barbara Fire
•8,700 acres burned
•30% contained
•Damage assessment in progress – initial estimate of 80 homes have been damaged or destroyed
•Approximately 12,204 properties evacuated (mandatory evacuation orders); affects approx. 30,500 people
•More than 11,524 properties under evacuation warning; approx. 29,000 people affected
•Residences threatened – 3,500; commercial properties threatened – 100
•3,455 personnel on scene: 428 engines, 78 crews
•14 air tankers and 15 helicopters
•11 firefighter injuries to date
•Cause under investigation: Tip line – 805-686-5074
•Air quality warning remains in effect
•Estimated costs to date $3.2 million Santa Barbara Fire

As always, The Independent and KEYT.com have been doing a great job at coverage.

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