santa babara properties: Dow Plunges and Mortgage Rates Rise - 02/09/18 11:35 AM
THE CORRELATION BETWEEN MORTGAGE RATES & THE STOCK MARKET
There is not a tangible relationship between mortgage rates and the stock market whereby one can be said to directly drive the other. Although they both respond to the same market conditions, their response is difficult to predict. That said, there are some notable patters by which either mortgage rates or the stock market suggest the behavior of the other. These patterns are based on flows of investment money, as well as the larger economic impact of either a healthy stock market or low mortgage rates.
Economics of a Vibrant Real Estate Market
Low interest … (1 comments)

santa babara properties: Sunflower, the first Robotic Parasol - 01/31/18 02:41 PM
Introducing Sunflower by Shadecraft  a Los Angeles based robotics company, that has recently unveiled its hallmark invention, SUNFLOWER. The SUNFLOWER is a "smart" robotic parasol that links up to your smart devices via Bluetooth, WiFi, and 4G cellular connectivity. The robotic shading system even charges itself via solar power, meaning, that it is completely sustainable and doesn't necessitate or use cables.  The SUNFLOWER detects the sun's position in the sky and adjusts itself accordingly allowing the user to bask in the ambience of a sunny day without risking sun damage to their skin. The SUNFLOWER parasol elegantly adjusts itself over time to keep the … (2 comments)

santa babara properties: VETERANS DAY IN SANTA BARBARA, CALIFORNIA - 11/11/17 11:27 AM

Veterans Day annually falls on November 11. This day is the anniversary of the signing of the armistice, which ended World War 1 hostilities between the Allied nations and Germany in 1918. Veterans are thanked for their services to the United States on Veterans Day.
The community of Santa Barbara celebrates a week of Patriotic Activities beginning on November 4, 2017 thru to November 12, 2017.  Here are a list of those activities.
1. Vietnam veteran’s lunch with Medal of Honor recipient Colonel Jack Jacobs. November 4, 2017 (11-1pm) Elks Club
2. Granada Theatre Movies that Matter: November 10, 2017 (7pm) free admission to … (3 comments)

santa babara properties: 229 Arboleda in Santa Barbara, California - 07/07/17 12:12 PM
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. (Images Virtual Staging)
Schools Elementary School: Vieja Valley Junior High School: Lacolina High School: San Marcos … (0 comments)

santa babara properties: Santa Barbara Real Estate Market Trends March 2017 - 05/06/17 01:27 PM

Santa Barbara Real Estate Market Trends from January 2013 to March 2017 for number of sales for that month and year.  
This graph was prepared by Fidelity Title Company in Santa Barbara.
The graph reflects the number of sales for the month for southern Santa Barbara. (Carpinteria to Goleta).
It appears we're keeping pace with last year, but not the same level of activity as 2013 and 2014.
 Click on image to enlarge
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santa babara properties: Real Estate "Boom!" - 05/06/17 01:23 PM

ABC Nightly News April 28, 2017
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santa babara properties: 1931 Garden Street in Santa Barbara, California - 05/06/17 01:17 PM

Open House Sunday May 7, 2017     from 1 to 4 pm             Rain or Shine
Classic Santa Barbara Upper East Beauty. Two bedroom two bath home on one level with a guest suite that offers 1 bedroom and 1 bath. Close to downtown and the historic Santa Barbara Mission. Light filled rooms, coffered ceilings, large traditional dining room, remodeled kitchen, and outdoor patio. Roosevelt school district.
Offered for: $1,898,000
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santa babara properties: Interest Rates Update - 04/13/17 12:21 PM

Painting by Chris Potter Santa Barbara Artist Extraordinaire * Hammonds Beach in Montecito
Continued strength in the labor market could lead the Federal Reserve to continue gradually raising interest rates. Mortgage rates, however, have declined for three straight weeks following the Fed’s early March announcement that it would raise rates; 30-year, fixed-rate mortgages currently stand at 4.10 percent, according to Freddie Mac. Falling mortgage rates could reflect markets’ adjusting to the workings of the new administration and the realization that changes, if enacted, will take longer than expected. In fact, it has become increasingly harder to predict how President Trump’s policies will … (0 comments)

santa babara properties: Live near a Surf Break? - 04/07/17 10:11 AM

Researchers at the Middlebury Institute of International Studies at Monterey found that being located within a mile of a surf break adds about $106,000 to a home’s value.  Living near a desirable public park or outdoor recreation space boosts it significantly higher — as much as 8 percent to 20 percent.
There are dozens, if not hundreds, of neighborhood attributes that can affect a home’s value. Some are obvious and some are not. Analysts at Houselogic, a website operated by the National Association of Realtors, did some digging recently and uncovered surprising facts.  As for the parkland bonus, a recent study examined 16,400 home sales within 1,500 feet of … (0 comments)

santa babara properties: Ellen de Generes and Portia de Rossi list Montecito Home - 03/20/17 02:20 PM
Ellen DeGeneres and Portia de Rossi list Home for Sale click link for more details and photos!
ELLEN DEGENERES AND PORTIA de ROSSI list their stunning Santa Barbara/ Montecito home for sale. Asking price: $45,000,000. Listed with Sotheby's International Realty.
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santa babara properties: The Difference between a Second Unit and Accessory Dwelling Unit - 03/16/17 12:35 PM

THE DIFFERENCE BETWEEN A SECOND UNIT AND AN ACCESSORY DWELLING UNIT IN CALIFORNIA
Last September Governor Jerry Brown signed Senate Bill 1069 and Assembly Bill 2406 that promotes secondary dwelling units aka accessory dwelling units (ADU) which as of January 1, 2017 have gone into effect.  Accessory Dwelling Units are defined as housing structures that provide complete independent living facilities and include permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as another dwelling. The idea is this will help defeat the affordable housing crisis in California by creating more affordable housing. So, what's the difference between an Accessory Dwelling … (0 comments)

santa babara properties: The Ten Deadly Sins of Selling Your Home - 02/20/17 11:12 AM

Looking over Santa Barbara towards the Pacific and Channel Islands
Buying a Replacement Home before selling your house: It's far better to sell your current home first then endure the inconvenience of moving to an interim rental, and owning and paying for two homes when you only want one. Statistics show time and again that homes that are priced properly when first brought to market sell at higher prices, oftentimes with better terms and conditions, and in a shorter time frame. "Testing the marketplace" with an inflated over market value asking price is not the best strategy. Failing to get a … (3 comments)

santa babara properties: Season's Greetings from Santa Barbara, California! - 12/24/15 04:01 AM

Merry Christmas Happy New Year from Santa Barbara Real Estate Videos on Vimeo.
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santa babara properties: Anchor or Propeller? Price to Hold or Price to Sell? - 09/17/15 07:17 AM
Are you familiar with your property's MLS history? Use to be this category didn't exist, and now it's changing the playing field. The day of the forever reoccurring "New Listing" may be a thing of the past...literally!
Todays' Multiple Listing Systems now provide a property's "Listing History". Your digital history is now forever an online matter of record. For people "testing the market" can sometimes be the kiss of death when you actually have to sell. Buyers want to know as much information about a property as possible. If your property has been listed multiple times it raises questions. Not always the … (3 comments)

santa babara properties: Win Santa Barbara Dream Home! - 09/14/15 03:11 AM

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 … (0 comments)

santa babara properties: Old Spanish Days in Santa Barbara, Fiesta! - 07/27/15 04:20 AM
August 5-9, 2015 Old Spanish Days Santa Barbara Fiesta Old Spanish Days Fiesta is Santa Barbara's largest celebration and one of the top regional festivals in the United States. It is expected to attract more than 100,000 people this year. The event will take place in various locations around the city. This celebration of community fondly looks back to a period when Santa Barbara was a remote rural area under the influence of Spanish, Mexican, and local Chumash Indian cultures. Fiesta celebrates a period of romance and hospitality, through pageantry, dance, music, costume, and cuisine. Old Spanish Days Fiesta is about … (0 comments)

santa babara properties: Zestimates Deal Killer? - 02/25/15 11:48 PM
Zillow's Zestimates a source of conflict reports Kenneth R. Harney in the LA Times on February 8, 2015. When CBS's Norah O'Donnell asked Zillow's CEO Spencer Rascoff about the accuracy of his company's automated "Zestimates" - she touched on one of the most sensitive perception gaps in American real estate.  Zillow is a popular online real estate website that recently merged with one of its competitors Trulia. Buyers and Sellers routinely quote "Zestimates" to real estate agents. If a house for sale has a Zestimate of $350,000, a buyer might challenge the sellers asking price of $425,000. Or, a seller might demand to know … (1 comments)

santa babara properties: The Power Of Price Positioning - 10/09/14 09:47 AM
How to obtain the highest price in the least amount of time?
Understanding important marketing concepts will make a big difference in the success of selling your home. The first is that real estate is a commodity, NOT a product.
With a product, the seller or manufacturer establishes the price and the public either buys the product or not after becoming aware of it through advertising. For example, a television is a product priced according to the manufacturer with a price that does not fluctuate regularly.
However, with a commodity, buyers decide the value based on what is happening in the … (2 comments)

 
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Mark Lomas

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Santa Barbara's most definitive real estate blog! Information about Schools, Neighborhoods, Statistics, Real Estate Articles, Market Opinions/Editorials,access to the MLS without having to register your personal information. and much more! Mark Lomas is an award winning real estate blogger and videographer. With over 20 years of helping buyers and sellers Mark can provide the difference you're looking for. Excellent Service, Superior Results, Remarkable Real Estate! MDLomas@gmail.com and 805.845.2888 cell/direct


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