November-to-date figures show impressive increases in median home values! However, Santa Barbara and Montecito – like much of the country – experienced a slow down in the number of home sales for the month of November. Lower overall inventory, a continued trend from past months, and some seasonal lightening in new listings and demand contributed… more
Neighborhood Spotlight: Opportunity on The Mesa!
Home prices have risen dramatically year-over-year on the Mesa in all districts. Low inventory (particularly in the sub-$1MM up to $1.5MM price point), pent-up-consumer demand, and a favorable interest rate climate have all contributed to strong sales and price appreciation year to date. MEDIAN SALES PRICE APPRECIATION ON THE MESA* Median sales price by Mesa… more
Franklin Trail Re-Opens!
On Friday November 1, community leaders, Franklin Trail organizers, volunteers and Carpinteria area residents welcomed back an old friend… The Franklin Trail! The ribbon cutting event celebrated the first phase of the trail opening – a 2.25 mile segment designated by the county as multiple use (available to hikers, bike riders and equestrains). The second… more
Winter Safety and Energy Tips
The cooler weather is upon us. Be prepared by taking note of these important safety and energy tips! > Have heating systems inspected by a qualified service professional before you need them. > Consider weather stripping around windows and other openings to stop cold air from getting in… stay warmer and save money on heating!… more
The Dark Cloud of Foreclosures Gives Way to Sunny Days
The dark cloud of foreclosures has hung over the real estate market for the past six years dragging down prices. Third quarter data by Realty Trac indicates foreclosed properties being sold into the troubled housing market has fallen to the lowest level since the second quarter of 2007. Delinquent mortgages fell to the lowest level… more