229 Arboleda in Santa Barbara

Open House June 9, 2017 1-4pm

  • Asking price: $1,850,000
  • Price/Sq Ft. $407
  • Built 1930 Single family home

     

Hope Ranch Annex mini-ranch w/large home, guest cottage, horse corral, storage shed/workshop, large garage & carport. Expansive lawn, vegetable beds, rose garden. LR, FR, Kitchen w/adjacent hobby/laundry room. Master suite w/luxurious bath hosting corner soaking tub, corner shower, dual sinks & extensive cabinetry. Convenient to schools, services, beaches, etc. True country-in-the-city family or vacation compound, or investment opportunity.

Schools

  • Elementary School: Vieja Valley
  • Junior High School: Lacolina
  • High School: San Marcos

Santa Barbara Real Estate Market Trends

Santa Barbara Real Estate Market Trends through December for 2016. This graph was prepared by Fidelity Title Company in Santa Barbara. This year is reflected by the thicker purple line with diamonds. The green line reflects 2015, where in May of 2015, it appears the southern Santa Barbara real estate market most peaked based on the number of homes sold for that month. The light purple line reflects 2013 which shows the highest number of sales per month going back to 2010. The graph reflects the number of sales for that month for southern Santa Barbara. (Carpinteria to Goleta) Click on image to enlarge.

1214 High Ridge Lane in Santa Barbara

1214 High Ridge Lane in Santa Barbara is listed with Sotheby’s International Realty.  Listing agent Wilson Quarre. 3,700 square feet. Mediterranean Style. 3 car garage. Gated entry. 4 bedrooms with master, one guest and office on main floor. 3.5 bathrooms. Two bedrooms downstairs with workout area, wine closet, and more. Remodeled in 1999/2000. $3,398,000

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.

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.

Q2SantaBarbara

Q2CarpSummerland

Q2Montecito

Q2HopeRanch

Q2Goleta

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.