Santa Barbara Property - What Does $1 Million Buy You These Days? - Aug 2009
As the Santa Barbara Real Estate market has showed many signs of stabilizing here in the last 3-5 months, the bonus for home buyers is that they are able to purchase a much nicer property for their $$ when compared to just 18-24 months ago. Most statistics that I have come across via articles as well as local MLS statistics show that the average home here in Santa Barbara is down about 15-25% (depending on exact area) from its peak in late 2006 / early 2007. In the last 3- 5 months, most of our market up to the $2 Million price point has been very stable with a good amount of pending sales and numerous buyers out looking and purchasing. We are also seeing multiple offers on well priced homes as well as homes going pending within a few days. Here below are a few examples of Santa Barbara property around $ 1 Million in The Upper East, San Roque and The Mesa neighborhoods as well as Goleta and Carpinteria. 1 - Upper East Gem on East Junipero Street - CA cottage, single level with 3 beds and 2 baths, high ceilings, remodeled kitchen including Maple cabinetry, high end appliances (Viking), and granite counters. Hardwood floors with formal dining room and living room. Fenced front yard, back patio and 2 car garage. Roosevelt school district. Well cared for home. Pending Sale, Asking Price $999,000.
View: Map of Home
2 - San Roque Charmer located on Toyon Drive - Mediterranean romance combined w/light filled, clean interiors in premier San Roque neighborhood. Spacious rooms, 3 beds 2 baths, large picture windows throughout w/gleaming hardwood floors, remodeled baths, air conditioning & many custom amenities. Charming flagstone & brick patios & courtyard, easy care lush landscaping. Close proximity to restaurants, shops & fun of the Upper State area. Very nice house at a good value. Well cared for home. Just Sold, $955,000.
View: Map of Home
3 - Mesa Remodel located on Balboa Drive - Fabulous Mesa remodel with family room addition in immaculate condition. Located on a quiet cul de sac off Medcliff. Very short distance to the beach and the Douglas Preserve. Show to your pickiest clients and you will not be disappointed. 3 beds, 2 baths. Just Sold, $950,000. View: Map of Home 4 - Goleta Remodel located on Mateo Court - Spacious home with pool and numerous built-ins and upgrades. Granite counters, stainless appliances, large rooms with lots of storage inside & out, 4 beds and 2 baths. Open ceilings, wood floors, solid doors, skylights and new windows. Pride of ownership in a wonderful neighborhood. Just Sold, $1,026,000.
View: Map of Home 5 - Carpinteria New Construction on El Carro Lane - Newly constructed elegant single family home in Carpinteria, one of California's most enchanting small beach towns. Upgraded/modern amenities throughout. Wood floors, granite, tile, crown molding, voluminous ceilings, Kitchen Aid appliances, 4 beds, 3 baths & more. Beautifully landscaped yards w/accent pavers & colored concrete driveway, patios, front porch & walkways. Just Sold, $1,050,000.
View: Map of Home If you would like further information on any of these homes and/or similar homes, please be in touch via email or phone. View: Current list of Santa Barbara, Carpinteria and Goleta homes from $800,000 to $1,250,000. 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. 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. Subscribe to Receive Personal Listings of Santa Barbara Real Estate Search The Santa Barbara Area MLS