Nestled between the oaks and sycamores of Mission Canyon sits the architectural masterpiece that has come to be known as the “Whale House.” Inspired by the fanciful creations of Antoni0 Gaudi, renowned architect Michael Carmichael let his imagination run wild. The result is this amazing home that offers an escape from the ordinary into a world of enchantment. The Whale House can be used as a 2-4 bedroom home with an office or as a retreat.
Housing Market Sinking Hyperactive buyers have been driving up home prices for homes[...]
The Mesa If you're looking for a neighborhood that offers a really sweet small-town coastal vibe the Mesa may be just what you’re looking for. The Mesa neighborhood begins at Santa Barbara’s Harbor and winds up the coast to Las Positas Road. The Mesa is divided into three areas: East Mesa, West Mesa, and Alta Mesa. The Mesa offers spectacular ocean views, great restaurants, shopping centers, and all kinds of outdoor activity opportunities. Hit the surf at Ledbetter, toss a frisbee with your dog at Shoreline Park, or for the more daring go paragliding at Eling’s Park, and when it’s all said and done drop by the Boathouse for some excellent oceanfront dining.
Santa Barbara Real Estate Recently I spoke with the manager of one of the larger Real Estate Companies here in southern Santa Barbara and we both agreed that the market has changed. It appears that the seller's market may have peaked six to nine months ago, and many sellers aren't too happy. At the beginning of the year, this market was still hot, and a lot of homes that had been priced properly initially were selling over their asking price. But things changed, and some sellers may have missed the market. Right now we're seeing lots of "price reductions" or what many listing agents rephrase as a "price improvement." Interest rates are through the roof. On Saturday, October 14, 2023, the current average 30-year fixed mortgage interest rate was 7.89%, increasing 3 basis points compared to this time last week! Buyers who are able to find the home that they've always dreamed of might consider an Adjustable Rate Mortgage set not to adjust for 3 or 5 years at a considerably lower interest rate than the current fixed rates being offered. If you're not an "All Cash" buyer you should thoroughly investigate the various financing offerings that are currently available. There are more than a few. Also, there are some sellers who have assumable loans at a very low interest rate that they acquired during the Pandemic real estate market, and listing agents should definitely include that information at the front end of their marketing. It can be a game-changer. Sorry to rain on anyone's parade but the following data tells the story. Whatever side of the coin you are on, buyer or seller, good luck out there. If you're thinking of buying or selling we can help. Click Read More below for statistical data, video, and more information.
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