Santa Barbara Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

March 22, 2024

Does It Make Sense To Buy a Home Right Now?

Thinking about buying a home? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information that can help you decide.

What’s Next for Home Prices?

Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.

In the latest survey, those experts say home prices are going to keep going up for the next five years (see graph below):

 a graph of green bars

Here’s what all the green on this chart should tell you. They’re not expecting any price declines. Instead, they’re saying we’ll see a 3-4% rise each year.

And even though home prices aren’t expected to climb by as much in 2025 as they are 2024, keep in mind these increases can really add up over time. It works like this. If these experts are right and your home’s value goes up by 3.78% this year, it’s set to grow another 3.36% next year. And another 3.87% the year after that.

What Does This Mean for You?

Knowing that prices are forecasted to keep going up should make you feel good about buying a home. That’s because it means your home is an asset that’s projected to grow in value in the years ahead.

If you’re not convinced yet, maybe these numbers will get your attention. They show how a typical home’s value could change over the next few years using expert projections from the HPES. Check out the graph below:

 a graph of growth in a chart

In this example, imagine you bought a home for $400,000 at the start of this year. Based on these projections, you could end up gaining over $83,000 in household wealth over the next five years as your home grows in value.

Of course, you could also wait – but if you do, buying a home is just going to end up costing you more. 

Bottom Line

If you're thinking it's time to get your own place, and you’re ready and able to do so, buying now might make sense. Your home is expected to keep getting more valuable as prices go up. Teaming up with us is a good first step to start looking for your next home today.

April 25, 2023

The Benefits of Investing in Luxury Real Estate

Why Luxury Homes are a Good Investment

When it comes to real estate investment, luxury homes often stand out as a potentially
lucrative opportunity. With their high-end features, exclusivity, and potential for appreciation,
luxury homes can be an attractive option for savvy investors. In this article,
we will delve into the reasons why luxury homes are a good investment, as well as explore
some risks and challenges associated with them. We’ll also provide tips on how to invest in
luxury homes to maximize your returns.

The Appeal of Luxury Homes

Exclusivity and Prestige

Luxury homes are typically associated with exclusivity and prestige, attracting high-net-worth individuals who value privacy and status. Owning a luxury property is often seen as a symbol of success and can provide a sense of accomplishment and pride for investors.

High-end Features and Amenities

These properties are equipped with state-of-the-art features and amenities that cater to the needs and preferences of affluent buyers. High-end finishes, smart home technology, and lavish outdoor spaces are just a few examples of what sets luxury homes apart from regular properties.

Quality of Construction

Luxury homes are generally built with superior materials and craftsmanship, ensuring a higher level of quality and durability compared to standard properties. This level of quality can contribute to the long-term value and appreciation potential of a luxury home.

Factors That Make Luxury Homes a Good Investment

Appreciation Potential

Luxury homes tend to appreciate at a higher rate than regular properties, primarily due to their limited supply and high demand from wealthy buyers. This can translate into significant capital gains for investors over time.

Limited Supply and High Demand

The supply of luxury homes is often limited, as they are typically built in desirable and exclusive locations. This limited supply, coupled with high demand from affluent buyers, can drive up property values and create a competitive market, benefiting investors in the long run.

Attractive Rental Income

Investing in luxury homes can also generate attractive rental income, especially in popular vacation destinations. High-net-worth individuals are often willing to pay a premium for luxury accommodations, which can result in significant returns for property owners.

Portfolio Diversification

Including luxury properties in your investment portfolio can provide diversification and help spread risk across different asset classes. This can be an effective strategy for long-term wealth preservation and growth.

Risks and Challenges of Investing in Luxury Homes

Market Volatility

Luxury real estate markets can be more volatile than regular markets, making them susceptible to fluctuations in economic conditions and buyer sentiment. As a result, investors may experience periods of slow growth or even declines in property values.

High Upfront Costs and Maintenance Expenses

Investing in luxury homes typically requires significant capital, both for the initial purchase and ongoing maintenance expenses. These high costs can deter some investors or result in cash flow challenges if the property does not generate sufficient rental income.

Complex Transactions

Luxury real estate transactions can be more complex than standard property deals, involving additional legal and financial considerations. Working with experienced professionals who can help navigate these complexities and ensure a smooth transaction is essential.

Tips for Investing in Luxury Homes

Understand the Local Market

Before investing in a luxury property, it’s crucial to understand the local market and the factors driving demand for high-end homes. Conduct thorough research on the area, including demographic trends, employment opportunities, and local amenities, to make an informed decision.

Work with Experienced Professionals

Collaborating with professionals with expertise in luxury real estate can be invaluable when navigating the complexities of high-end property transactions. Engage a reputable real estate agent, mortgage broker, and attorney to ensure a seamless process.

Prioritize Location and Accessibility

Location is paramount when investing in luxury homes. Focus on properties situated in prime locations with easy access to desirable amenities, such as top-rated schools, shopping centers, and recreational facilities. These factors can significantly impact a luxury property’s long-term value and appeal.

Be Patient and Persistent

Investing in luxury homes can be a long-term endeavor, and it’s essential to be patient and persistent in your search for the ideal property. Be prepared to act quickly when the right opportunity arises, but also exercise patience in waiting for the best investment opportunities.


Luxury homes can indeed be a good investment, offering potential for appreciation, rental income, and portfolio diversification. However, it’s crucial to be aware of the risks and challenges associated with this type of investment and to approach it with a well-informed strategy. By understanding the local market, working with experienced professionals, and prioritizing location, investors can maximize their chances of success in the luxury real estate market.


  1. What makes a home a luxury property?

A luxury home typically features high-end finishes, state-of-the-art technology, and superior construction quality. It is often located in exclusive neighborhoods or prime locations and caters to the preferences of affluent buyers.

  1. Are luxury homes always a good investment?

While luxury homes can be a lucrative investment, they also come with certain risks, such as market volatility and high upfront costs. Investors should carefully consider these factors and conduct thorough research before making a decision.

  1. How do I find luxury homes for investment?

Working with an experienced real estate agent who specializes in luxury properties can help you identify potential investment opportunities. They can also provide valuable insights into the local market and guide you through the transaction process.

  1. What should I consider when selecting a luxury property for investment?

Key factors to consider include location, accessibility, local market conditions, and the quality of the home’s construction and amenities. Additionally, potential rental income and appreciation prospects should be taken into account.

  1. How can I finance a luxury home investment?

Financing options for luxury home investments may include traditional mortgages, jumbo loans, or private financing. Consult with a mortgage broker or financial advisor to explore the best financing options for your unique situation.

SOURCESven Patzer

July 15, 2019

Santa Barbara Real Estate Market Trends - July 2019



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July 15, 2019

JUST SOLD! 4040 Primavera Rd #6 - Light & Bright 2 Bedroom 2 Bath Condo


Light & Bright 2 Bedroom 2 Bath Condo

4040 Primavera Rd #6
Sold for $620,500

May 9, 2019

Santa Barbara Real Estate Market Trends - May 2019








Full PDF Report:

April 30, 2019

COMING SOON! Spacious and Private Single Level Condo

Tranquil Oak Trees welcome you to this single level condo located in a tremendous location close to some of the best amenities. This spacious 2 bedroom 2 bath condo is complete with an open floor plan, vaulted ceilings in the living room, hardwood floors, skylights and a fireplace. The master suite bedroom has its own bathroom, 2 closets and opens up to a private patio. The kitchen features new appliances and an abundance of storage. There is an attached one-car garage and a carport. The pool is located close by and is perfect for entertainment and relaxation. The location is perfect for enjoying all of the amenities offered with a San Roque location and being close to upper state street. Come enjoy rest and relaxation. 

Property Website:

Interactive 3D Tour:

April 23, 2019

Why Spring Is the Perfect Time to Sell Your Home


Spring is in the air and homebuyers are coming out of hibernation. With the holidays over and the weather warming up, it’s the time of year that's typically considered a hot period for the housing market.

If you’ve considered selling your home, here's why spring is a great time to move forward with those plans:

  • Warmer weather makes buyers active.
  • The market is in the right place.
  • There are plenty of buyers.
  • You can get a head start.

Warmer Weather Makes Buyers Active

Spring is the undisputed champion of seasons for selling a home. Not only are flowers in bloom and the sky blue for some great marketing photos, but also people are chomping at the bit to start the closing process so they can move in and get settled before fall.

Homebuyers have a tendency to taper off in the winter, and not just in parts of the country that typically have frigid weather. A mixture of holiday obligations and kids in school lead to more homes coming off the market temporarily and buyers pressing pause on checking out new listings.

By the time spring hits, cabin fever has people anxious to start touring homes. 

With work, school or family obligations at the end of summer, spring is the optimal time to take on house hunting and get moving on the purchase process. 

The Market Is in the Right Place

A combination of low interest rates and low single-family housing inventory means there are a lot of eager homebuyers forced to compete for what’s on the market.

After increasing interest rates to 2.5% in December 2018, the Federal Reserve has expressed plans to keep interest rates at the same level through 2021. While rising interest rates previously scared off unsure buyers, Cardile points out that the steady outlook for interest rates since December has encouraged more buyers to resume shopping for homes.

Mortgage News Daily reports the average interest rate for a 30-year, fixed-rate mortgage is 4.34% as of April 16, 2019. The rate is a decrease of 0.16% compared to the year prior, and Mortgage News Daily shows the average mortgage rate has steadily declined since November 2018.

While housing has largely been in a seller's market over the last few years – meaning the seller has an upper hand since there are more buyers than homes available – the natural real estate cycle of indicates that's easing. Depending on where you live, there may be more new houses under construction to help ease demand or fewer active buyers.

Still, a softer market doesn't mean you won't be able to sell your house or that it's worth less. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which measures price increases in single-family homes across the U.S., found home prices increased by 4.26% from January 2018 to January 2019 – and they have been steadily climbing since February 2012.

There Are Plenty of Buyers

Just a few years ago, millennials were brand-new to homebuying, but they've since become a staple demographic of the real estate market. With them, the real estate industry has evolved to better utilize technology and data to help home shoppers search for available homes. Now when a real estate agent lists a house on the local multiple listing service, it also gets picked up by consumer-facing portals like Zillow, and Redfin to reach homebuyers directly.

Of course, this doesn't exclusively benefit millennial buyers. The National Association of Realtors’ 2018 Profile of Home Buyers and Sellers reports that first-time homebuyers made up 33% of the total share of homebuyers last year, with a median age of 32. The median age for all homebuyers, however, was 47, indicating that new home purchases certainly aren't limited to first-time buyers or millennials.

Additionally, the move-in ready expectation that accompanied the rise of the millennial homebuyer is now widely embraced. To make your home as marketable as possible to all potential buyers, you should update key rooms like the kitchen and master bathroom, which are known to get a lot of attention from homebuyers. Consider replacing major appliances or systems that have reached the end of their life, such as the water heater or roof, since being able to say they're brand-new can add value to the house. Selling your home "as-is" promises quite a bit more work than a first-time buyer is willing to take on.

You Can Get a Head Start

There’s still time to get your home on the market this spring to take advantage of the growing number of interested buyers, but successfully reaching potential buyers requires a bit more work than just an online listing, and it’s best to get started sooner rather than later. Reach out to your agent at least a few weeks before you'd like to put the house on the market to know what you need to do early on, so you can avoid a time crunch.

It's smart to have a Realtor come and look through the house room by room and make suggestions.

Selling your home also likely means you'll be buying a new one, and the earlier you start on one the sooner you can make moves on the other. Be active in the homebuying process at the same time. Especially if you need to be moved in before the end of summer, it's best to tour houses and have a head start on house hunting, even if you don't want to make an offer until your own home is under contract.


Here are four tips for taking advantage of the springtime homebuying surge:

Prep your home. It’s a year-round rule that you should be putting your home’s best face forward, from planting flowers along the walkway to updating appliances in the kitchen or bathroom. While an interested buyer may be competitive about bidding on a home, he or she will also be well-informed, and prepping your home is imperative to getting the highest possible return on your investment. Staging is also a key component. If you stage correctly, you have the right light, the right environment - you showcase the house at its best.

Price it right the first time. If your home is priced too high, it’s much harder to bring back the homebuyers who moved on to other listings because the asking price was out of their range. As of mid-February, more than 1 in 5 homes for sale on the site have undergone a price drop, an increase of about 3.5% of homes seeing price drops around the same time 2018.

Aim for a Thursday. A separate study reveals homes listed on a Thursday are more likely to sell above list price and find a buyer faster than homes put on the market any other day of the week. Thursdays are perfect because it gives people a chance to look at what's coming and make their plans for the weekend.

Stay competitive. Even in a seller’s market, there’s no guarantee your home will be scooped up quickly – or even scooped up at all. It’s important to pay attention to homes going on the market in your area and to emphasize the particular strengths of your home. And while many markets are heating up or hot already, it’s important to keep in mind that a jump in home values in one area doesn’t promise high home values anywhere else.

April 10, 2019

Santa Barbara Real Estate Market Trends - April 2019








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April 5, 2019

Prepare Your Kitchen for a Home Sale


Redeveloping a kitchen can be very expensive, and you might not get back all the money invested in selling. Instead of redoing everything, you can make small changes to get your kitchen up to date. Opt for a new painting rather than new closets and change your appliances. If the equipment is really old and you decide to replace it, do not necessarily choose the most upscale. A clean, fresh and bright kitchen is enough to attract buyers, without having to leave all your savings. Here are some tips for preparing your kitchen before selling your home.

Define your goals

Rearrange your kitchen by clearly defining your different goals.

A well-organized kitchen:

---> Must be clean and smell good.

---> Must look spacious and unencumbered. There is enough space in the drawers and cupboards.

---> Must be tastefully decorated: there must be no ugly or dated objects.

---> Must be welcoming: the buyer must be able to easily imagine using it and appreciate the space.

---> Must be alive without being messy.

Have your kitchen cleaned by a professional

Having your kitchen cleaned by a professional is a very good investment if you plan to sell your house. Sure, you could just as well do it yourself, but would the result really be so good? A kitchen is at its best when it is sparkling.

Be very sensitive to odors

Be sure to remove all trash cans, recycling bags and pet accessories before making visits, and be sure to clean the inside and bottom of the bins. Spread a lemon under your trash. There is nothing worse to let a potential buyer spin than a bad smell. The refrigerator is another place to be attended to - refrigerator odors oftentimes carry far past the kitchen. Repair Aid, a professional appliance repair company, advises on how to solve this problem in this post.

Remember to redo the paintings

Outside the household, you will get your money back if you redo the paintings. Spend a new layer in your kitchen, with a hue in harmony with the color of your closets and worktops. If you have a doubt, go for white. Even if your kitchen is new, look carefully at the walls and ceilings, and make the necessary adjustments, even the small ones.

Organizing your kitchen is the first step to move on, which is not always easy. If you are preparing your house for sale, it is time to no longer think of it as your home, but as a property about to be sold. This preparation, if done well, can make your home more attractive and speed up your sale. It is even sometimes possible to obtain more than originally hoped for. It is better to make the best possible impression from the beginning so that you do not have to endure the incessant visits. Keep this in mind during your preparations.

Make the windows

Clean the windows, both inside and out. If your windows are equipped with awesome curtains, consider removing them, or at least making sure they are well drawn during the visits.

Make a clean space on the worktop

A toaster and coffee maker are the only things you can stay on the counter. Everything else must be tidy.

Arrange closets inside

Potential buyers will look inside your closets. And if they are overloaded, it will give the impression that there is not enough storage space in your kitchen. Remove any excess, or mismatched items, and anything that does not make a good impression. If you still need these items, keep them in a box that you place at the top of a shelf or cupboard during visits.

Store the pantry

Reduce the contents of your pantry until there is empty space on each shelf. Arrange this leftover in matching boxes or baskets. It may be necessary to remove food, but remember that a well presented kitchen is not necessarily a practical kitchen. As with the objects in your closets, keep the extra items in a box that you will hide for visits.

Organize your wall shelves

People have a special relationship with wall shelves: we love or hate. They can be very beautiful, but are a real challenge when it comes to keeping them in order. If you have some in your kitchen, your goal will be to show visitors that they can be useful and beautiful. Leave some empty space on your shelves and expose only the matching dishes you use every day. The best option is once again the white dishes and the transparent glasses.

Put nice soaps and dishwashing liquids in a tray

Dispose of old sponges and dishwashing liquids, and replace them with an original soap, a nice dishwashing liquid dispenser and a lotion, all well presented on a tray.

Make the tap shine

A clean and bright faucet always makes a good impression. Also be sure to repair any leaks.

Accessorize your cooking plates

A nice cookie or kettle on the hobs is a welcoming touch. Just make sure that what you choose is in perfect working order and without any scratches.

Add new tea towels

New tea towels are at the top of the list when you want to present your kitchen. They are an inexpensive way to add some color and pattern, especially in an all-white kitchen that might otherwise look bland.

Buy fresh fruit

Everything that is ripe and pretty will do the trick. Choose beautiful fruits and arrange them in a basket, a salad bowl or in a cake dish.

Add fresh flowers and other green plants

Just like the fruit basket, freshly cut flowers, branches or aromatic plants in jars bring life to your kitchen. No need to spend a fortune: in this kitchen, for example, sunflower-style flowers, cheap, have been arranged in a transparent vase, and a row of lemons rests on a white dish. This arrangement is easy to achieve, inexpensive, while being the most beautiful effect.

Exhibit your finest cookbooks

Cookbooks are an accessory that makes cooking attractive and useful. But think of sorting in your books: keep a single row, taking care to choose books in good condition. If you do not have a shelf, you can have a small stack on the worktop.

April 4, 2019