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Weekly Snapshot Statistics - 6/30 - 7/6

For the week of 6/30 - 7/6

48 New Listings

17 Price Changes

41 Sales Pending
25 (under $1M)
11 ($1-2M)
3 ($2-4M)
2 ($4-8M)


25 Closed
18 (under $1M)
4 ($1-2M)
3 ($2-4M)


8 Expired
7 Cancelled
2 Withdrawn
10 Back on Market

Alma Del Pueblo and Santa Barbara Public Market Featured on KEYT News

Recently, Alma Del Pueblo was featured on KEYT News, in a special about the vendors and progress of the public market.  Project developer and owner Marge Cafarelli is quoted, "the public market is a collection of best in class merchants, Santa Barbara-based merchants or regionally based merchants."  Stay posted for more updates of the public market vendors, construction, and the development!

Recently Sold - 649 Avenida Pequena

This charming four bedroom, two and a half bathroom home sits on a tranquil corner lot near open lawns and greenery.  The property is in a great location, near the community pool, tennis courts, citrus and avocado trees, and enjoys its own private patio. The interior was recently upgraded with bathroom remodels and stainless steel appliances, and it is located within Kellogg school district.  This lovely Goleta property was listed for $689,000.

Just Listed - 703 Litchfield Lane

Heavenly ocean, island, & mountain views are the centerpiece to nearly every room of this sophisticated and extensively remodeled Mesa home with an open floor plan that offers the coveted California lifestyle as tall French doors allow the ease of indoor/outdoor living & entertaining in Santa Barbara’s idyllic climate. This well-appointed and stylish home boasts over 3,000 square feet, attention to detail, dramatic high ceilings, plentiful natural light, 4 bedrooms, 3 full bathrooms, and is located in the heart of the Mesa on a peaceful cul-de-sac street. An incredible opportunity! This is a must-see.

Listed for $1,795,000 - contact Emily McBride for showings or questions - (805)252-2773

Months of Inventory Statistics

Below are the Months of Inventory Statistics for homes, PUD's, condos and ranches ranging from Carpinteria through Goleta.  Months of Inventory, or Market Velocity, is the number of months it would take to sell all the current active listings, at the current pace of sales, assuming no new listings are added.  To calculate this, we use the number of properties that entered escrow in the immediate past 30 days.  This is a much better indication of buyer confidence today vs. closed sales that reflect buyer activity 2-4 months ago.

As a rule of thumb, 0-3 months of inventory indicate a sellers' market; 3-6 months indicates a "balanced market"; 6-9 months is a buyers' market and 9+ months is indicative of a weak market.  The numbers below reflect a low number, showing that the market is  hot right now! 

All Price Ranges:
393 Active Listings
195 Entered Escrow in the past 30 days
2 Months of Inventory

Under $1M
108 Active Listings
126 Entered Escrow in the past 30 days
25 Days of Inventory

$1-2M:
93 Active Listings
44 Entered Escrow in the past 30 days
2.1 Months of Inventory

$2-4M:
95 Active Listings
21 Entered Escrow in the past 30 days
4.5 Months of Inventory

$4-8M:
61 Active Listings
1 Entered Escrow in the past 30 days
20+ Months of Inventory

$8+M
36 Active Listings
3 Entered Escrow in the past 30 days
12 Months of Inventory

Only Two Days Left to Purchase your Santa Barbara Million Dollar Home Raffle Ticket!

Time is running out to purchase your Santa Barbara Million Dollar Home Raffle Tickets!  The deadline for ticket purchases is this Thursday, May 2nd, at midnight.  This year's grand prizes include a million dollar home, cash, vacations, cars, and much more.  Download a Village Properties entry form at http://santabarbaramilliondollarhomeraffle.com/vptf/.  With each ticket purchased, you are donating to the Village Properties Teacher's Fund, as well as the Santa Barbara Contemporary Arts Forum.  Don't forget to fill in "Emily McBride" alongside "VPTF Agent Name".  Thanks in advance, best of luck!

In Escrow - Santa Barbara Highlands Condo

This lovely Santa Barbara Highlands condo is centrally located and enjoys city and mountain views.  Tucked away from the street, this condo offers the utmost privacy.  It's a 2 bedroom 1.5 bathroom with high ceilings and a nice patio.  The back deck opens to gorgeous views of Santa Barbara. Offered for $425,000.

Just Sold - 849 Sand Point, Carpinteria - $8,800,000 - Represented Buyer

This stunning and newly constructed beach house sits above the sand with incredible views up the coast, and mountain views only add beauty to the setting.  Located at the north end of Sand Point, and overlooking Padaro Beach, this two-story home has its own private entrance and gate, a feeling of distance from neighbors, and a landscaped yard.  With 4 bedrooms and 4.5 bathrooms across approximately 3,300 square feet, this home offers plenty of space for relaxing days at the beach. The home is perfect for entertaining, with an open floor plan, large public rooms, a Nano door off the living room, a gourmet kitchen, multiple decks, and a spa. The home also offers two outdoor showers, an office area, a laundry room and additional bathroom right off the beach. The property itself sits on a 1.13 acre parcel, and the purchase of this property also included two additional parcels to the north, bringing the offering to over 2 acres in total and providing for the utmost privacy.  Offered for $8,800,000. *Represented Buyer.

2013 Continues to Show Strong Numbers

The first quarter of 2013 has shown strong numbers for real estate closings in Santa Barbara South County.  These are the highest numbers we have seen over the last five years, and we will be watching to see if this trend continues throughout 2013. More updates to come soon...

*You may click on the graph to enlarge the image.*

Just Sold - 25 Betty Drive

This charming 1930's two-bedroom, one-bath cottage with a detached garage is conveniently located in the Samarkand neighborhood.  The original home was built with redwood, and is situated on a large R-2 lot.  There are a variety of fruit trees and plenty of room for a garden.  This is an extremely private home in a great area, and at a great value! Congratulations to my clients who have purchased this home!

Originally Listed for $557,000.

Alma Del Pueblo Update - Steel Frames Up at Site

The construction at Alma Del Pueblo continues to move along at a rapid pace!  After laying the groundwork, the construction team has begun placing steel frames at the site, and you can clearly see what will soon be the Santa Barbara Public Market, slated to open in August.  You can also see the various quadrants of the building going up, and our hard hat tours will begin in the near future for our buyers who are in escrow. Yes, that's right. Multiple units are already in escrow, so don't wait until the project is built to select your unit! You can drive by the site at Victoria x Chapala to check out the progress, and feel free to stop in our sales office for a visit at 1321 State Street. The office hours are Thursday through Sunday from 12-5pm, and we are also available by appointment.

Santa Barbara Million Dollar Raffle!

The time has come for the 2013 Santa Barbara Million Dollar Raffle!  With every ticket purchased, you have a shot at winning a million dollar home and tons of other great prizes.  The proceeds go to the Contemporary Arts Forum (CAF) and the Village Properties Teacher's Fund, so even if you don't win the $1M home or the fabulous prizes (which we hope you do!), this is still a great cause to be involved with.

This year's prizes include a BMW 128i Coupe, Audi A3/BMW Xi/Ford Fusion, St. Lucia vacation package, a Nicaragua adventure for two, Big Sur Getaway, iPads, 2014 Mammoth MVP Season Passes, various shopping sprees and cash prizes.  Also, one person is selected to win a million dollar home, or one million dollars in cash!

If you purchase tickets before April 4th, you will be eligible for additional prizes at the Bonus Drawing.  The Final Drawings ticket deadline is May 2nd, and the Final Drawing will be held on May 18th, 2013.

In addition, you can visit http://santabarbaramilliondollarhomeraffle.com/vptf/ and download the Village Properties form to register.  Fill in "Emily McBride" alongside the "VPTF Agent Name" to help us keep track of which agent is selling tickets!  Thanks in advance, and best luck with the raffle!

The Case For Staging Your Home

Sellers often ask if they should stage their home. The answer is situational, but in most cases, I do recommend staging a home if the seller is willing to work with a stager, particularly if the property is vacant. The vast majority of sellers are not interior designers, which is why staging can be so valuable and bring back the money spent many times over. If you are thinking about selling your home, we have some fabulous stagers we can recommend!

TIP: If you cannot see the image below in full on your screen, click on it to enlarge the image.

Home Staging infographic by Column Five Media.

New Beach Rental - Cote Bleu Paradis

I am thrilled to announce my beautiful new beach rental, Cote Bleu Paradis, on Padaro Lane!  This lovely two story is fully stocked with all high-end kitchen appliances, bed linens, towels, and everything you need for a relaxing getaway.  The home has a large sun room and deck, and can comfortably sleep up to ten people.  In addition, the back deck leads straight onto one of Santa Barbara's most private beaches.  If you are interested in renting this beautiful property, please contact me directly.  Booking information and more details on the property can be found at www.VRBO.com/461010