Win Santa Barbara Dream Home!

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The Museum of Contemporary Art, MCA, of Santa Barbara is offering a “Dream Home Raffle” with a 1 in 20 odds of winning over 2,500 prizes. You could win this “Dream Home” or choose $3,000,000 in cash.

Over the last ten years the raffle has raised million of dollars for the Museum of Contemporary Art in Santa Barbara. MCASB advances creativity and inspires critical thinking through meaningful engagement with the art of our time. Due to the funds raised via the raffle, MCASB has been able to extend its mission to young people and adults throughout the Central Coast as well as provide a venue for artists from around the country.

For more information visit the MCASB’s website for this raffle: MCA Santa Barbara Dream Home Raffle

Santa Barbara Real Estate Market Trends

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Chart provided by Fidelity Title Company * Click on image to enlarge. The green line represents the trend in sales in Southern Santa Barbara from Carpinteria to Goleta north.  In May the market here in Santa Barbara peaked, and although there was a slight bump in July, in August it continued to drop.

Nixel For Santa Barbara

Like to know what’s going on around you? Like instant news about fires, earthquakes, medical emergencies, and just stuff going on here in Southern Santa Barbara? Visit Nixle where you can sign up for free text and email notices. Check it out!9ViewTVHill2015

10 Best Remodeling Web Sites

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Houzz Best for: Getting inspired to make changes big (overhauled kitchen) to small (paint color ideas) — and seeing how hundreds of other people have done those very things.

RetroRenovation Best for: Anyone who doesn’t think of a 1960s living room as a bad thing. Whether you’re looking for resources for restoring your old home, adding retro flair to a newer place or just looking for the best midcentury inspired sofa, this is your heaven. I visit it daily.

Porch Best for: Actually committing to the whole renovation thing. Here, you can easily find professionals in your area and look over their best work.

Remodelista Best for: Plotting your new, high-end dream home. Though the site has broadened its mission away from simply providing remodeling ideas (who would of thought?), you can still find great images waiting to be added to your “Dream Life” pinboard.

This Old House Best for: Fantasizing about a simpler, self-reliant life in a meticulously restored Victorian that was once nearly uninhabitable. It’s specific, but you know what we mean. We imagine the editors finding their bliss at salvage yards, or trading recommendations about screwdrivers all while turning an old found door into a stately table. And we look up to them for that.

DIY Network Best for: Finding practical advice and finding projects by budget. The network that brought you multiple Vanilla Ice-pegged reality shows has an exhaustive website that borders on overwhelming at times — but they know their stuff.

Dwell Best for: Imagining an impeccably tasteful life filled with ridiculously functional (but incredibly designed) surroundings, alongside men with architectural glasses and women with indie-chic short haircuts.

Remodelaholic Best for: Seeing how a real family renovated (and continues to renovate) on a tight budget. While the blog can be a little wonky at times, the content is good.

HGTV Remodel Best for: Figuring out what’s actually doable versus what projects will have a bigger commitment

Young House Love Best for: Those with more traditional design tastes, especially those in need of family-friendly advice. The couple behind this blog has made a mini-empire based around their love of remodeling homes.

Santa Barbara Real Estate 2nd Quarter Statistics

August 8, 2015 Year over year sales are up 12% with the median sales price up to roughly $1,175,000 for a 5% rise. The average sales price is also up from just over $1,700,000 in 2014 to approximately $1,900,000 in 2015 while the number of escrows are up about 19% with the median list price on those escrows down about 3.5%.

With escrows and sales up for the 2nd market quarter the prospect for a strong 3rd quarter look good. The vitality in the market is still dependent on the inventory however. The graphs below reflect 2nd quarter activity for those areas. Graphs provided by Sotheby’s International Realty Santa Barbara.

Click on the image to enlarge.

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Weekly Mortgage Watch

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30 Year Mortgage Rate is at 4.04%, compared to 4.09% last week . Lowest 30 year rate touched in last 10 years is 3.53%.15

15 Year Mortgage Rate is at 3.21%, compared to 3.25% last week. Lowest 15 year rate touched in last 10 years is 2.83%.5/1

Adjustable Rate Mortgage Rate is at 2.97%, compared to 2.96% last week. Lowest 5/1 Adjustable Rate touched in last 10 years is 2.69%.

We are seeing a consistent upward movement in rates. Freddie Mac’s Primary Mortgage Market Survey June 2007 to June 2015.