Santa Barbara Real Estate Market Trends

The  Santa Barbara real estate Market Trends from January 2013 to August 2017 for the number of sales for that month. This graph was created by Fidelity Title Company of southern Santa Barbara covering the communities of Carpinteria to Goleta (southern Santa Barbara).

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Mortgage Interest Rates

30 Year Mortgage Rate decreased to 3.78% compared to 3.82% last week. The 30 year rock bottom rate touched in last 10 years is 3.55%

15 Year Mortgage Rate decreased to 3.08% compared to 3.12% last week. The 15 year rock bottom rate touched in last 10 years is 2.86%

5/1 Adjustable Rate Mortgage Rate increased to 3.15% compared to 3.14% last week. The 5 year rock bottom rate touched in last 10 years is 2.75%

Rates are still low. Purchase or Refinance before rates move up further. Mortgage applications increased 3.3 percent for the week ended September 06, 2017. Rates are still extremely low, so get your fixed rate loans now.If on a fixed rate ,change to a 15 year loan! As interest rates are continuously changing this data is for informational purposes only, and not guaranteed.

2480 Sycamore Canyon Road in Montecito

OPEN SUNDAY, SEPTEMBER 24, FROM 1 TO 4 PM

This rare Sycamore Canyon Road property provides the opportunity to create one’s own grand manor among classic Montecito estates. Private and tranquil, it currently hosts a tastefully updated Mid-century home with a separate artist studio tucked against a wooded hillside. Fruit trees & roses complement the natural landscape.

The current residence features hardwood floors & vaulted ceilings. The LR has multiple Fr. doors w/clerestory windows above, while the adjacent FR offers a host of windows as well. In the updated kitchen & breakfast area, greenhouse windows invite the cultivation of herbs & flowers. Perfect as-is, yet also offering potential for greatness, it rests just a stone’s throw from beloved Lotusland, and is a short distance from Cold Spring School, the Upper & Lower Villages, beaches, and world class resorts.

Offered at $1,895,000

502 Picacho Lane in Montecito

502 Picacho Lane open this Sunday  from 1 to 4pm

This four bedroom home can be found on one of Montecito’s most prestigious streets. This remodeled Mediterranean style home resides on approximately one acre and offers wonderful mountain views. Other amenities offered are a pool with an in-pool spa, multiple terraces, built in BBQ, and spacious lush garden areas. Located near Montecito’s Upper Village. Offered at: $4,450,000