Summer Knight
Summer Knight
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How Do 2016 Housing Prices Compare to 2007?

The short answer, for South Santa Barbara County, is that prices are almost back to the 2007 market high.  It is predicted by leading economist and analysts that the housing market will continue a slow/modest increase in prices for approximately the next 2 years…and after that?  Don’t we wish we knew… I like for the […]

South Santa Barbara County Sales – May 2016

The summer selling season has started… The number of closed sales in May 2016 was lower than 2015, but on par with 2014 closed sales figures.  With regard to sales prices (a number we all like to know!) we saw almost no change over May of last year for the area as a whole.  Keep […]

1269 Camino Meleno – 3D Virtual Tour

1269 Camino Meleno: This wonderful ranch style home is located in the Santa Barbara foothills neighborhood of Rancho del Ciervo. With 5 bedroom and 3 baths this home has been remodeled and expanded to over 2100 square feet.  Featuring an original master plus a new oversized master suite with a large walk-in closet, fireplace and […]

New listing at 5621 Kent Place! Virtual Tour!

This exquisite single-level 4 bedroom, 3 bathroom home has been meticulously remodeled and expanded to 2025 sq ft. Featuring two master suites, one on either side of the home, including a new oversized master bedroom with cathedral ceilings, private en-suite bathroom and walk-in closet. The remodeled gourmet kitchen with stainless appliances and a large center […]

2015 Santa Barbara Real Estate Stats – CORT report

2015 numbers have been compiled: Sales and Prices were UP once again…with homes sales up about 4% over last year and home prices up 6-9%.  For the full report click link below. CORT 2015 YTD Price Report Home prices are anticipated to increase again this year, but interest rates are as well…so motivated buyers are […]

Zillow’s 2016 Housing Market Predictions

Zillow’s 2016 Housing Market Predictions The median age of first-time home buyers will set a new record in 2016. Buyers are already about three years older, on average, than they were in the 1980s. More low-income Americans will be priced out of homeownership. Home values are rising faster than incomes, so in 2016, the poorest Americans […]

Winter 2015 Housing Update

The best time to sell anything is when demand is high and the supply of that item is limited.  Recently the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house.  They issued 2 reports:  Pending Home Sales Report and Existing Home Sales Report. THE PENDING HOME SALES REPORT The […]

Are You Timing the Market to Sell?

Most people sell their home because of the time of their lives, not because of the timing of the market! You know better than anyone why you are considering selling your home. Is your home too big, too small, a job transfer, or maybe a family situation? Whatever the reason for selling your home, you […]

California Homeownership & Interest Rate Facts

DATA AND TRENDS THAT SHAPED THE HOUSING MARKET 1.) Mortgage rates have remained at record lows in recent years with the lowest level reaching 3.34% for the average 30-year, fixed rate mortgage in 2012. (Source: Federal Home Loan Mortgage Corporation) Current rates are still under 4%! 2.) The average 30-year, fixed rate mortgage was 18.4% […]