by: Gary Woods
So, where is Montecito Real Estate??? Well as with the rest of Santa Barbara Real Estate the area is south facing to the ocean. So starting on the East it begins in Toro Canyon about Foothill. Then it continues up Toro Canyon and goes West along East Valley Rd. up to Ortega Ridge where it goes Southwest down to Sheffield. From there it goes South on Sheffield and on out to sea.
On the West of Montecito is Hot Springs Rd. The border goes North on Hot Springs and then West on Alston Rd. From there it goes over the hill and meets up with Sycamore Canyon. Rd. On the South Montecito goes to the Ocean and then to the North it goes up above East Mountain Rd.
Okay, so now that you know where you are let?s talk about the different areas in Montecito. On the South you?ve got Miramar Beach Rd and Edgecliff with some incredible estates and small beach rentals. Farther West there?s Bonnymede with some wonderful Condominiums. Then farther still is the Biltmore Hotel and some wonderful homes along Channel Dr. and Fairway Rd.
Just North of the Freeway there is what is called Hedgerow Country and eve farther North from there is the area closely adjacent to East Valley Rd. which is in the heart of Montecito. Some beautiful old estates are all along East Valley Rd.
Farther up is the area around East Mountain which has some newer and older estates. But the good news for those living in Montecito is that the Average Sales price of those properties which have closed is up 6% for the year. The sold prices have gone from $3,009 million in ?04 to $3.208 million today. So prices continue to escalate but not quite at the rate of other areas in Santa Barbara.
The highest priced home that has closed escrow this year is a $27.5 million dollar home that has 8 Bedrooms and 10 Baths. The least expensive home that has closed escrow this year is $1.195 millions dollars and has 3 Bedrooms and 2 Baths.
Some other homes that have closed escrow this year include:
? A $9.9 million dollar home with 6 Bedrooms and 8 Bathrooms.
? A 3 Bedroom 6 Bath home for $8.75 million
? A $5.9 million dollar home with 8 Bedrooms and 6 Baths
? And a 3 Bedroom 4 Bath home for $4.3 million
Right now the highest price home for sale in Montecito is listed for $24.9 million and features over 4 acres of grounds and a 6 Bedroom 11 Bath home. The least expensive home currently listed is $1.35 and has 2 Bedrooms and 2 Baths.
Some other homes currently on the market include:
? A $21.5 million dollar home with 6 Bedrooms and 9.5 Baths
? A 6 Bedroom 9 Bath home for $18.9
? A $15 million dollar home with 3 Bedrooms and 3 Baths
? And a 4 Bedroom 6 Bath home $12.5 million
So that?s it for http://www.montecito-real-estate.com Montecito Real Estate for now....
About The Author
Gary Woods is a Real Estate Broker in Santa Barbara California and is the Computer Trainer for the Santa Barbara Association of Realtors. You can hear him on Radio 1290 AM Mondays from 9-10AM in Santa Barbara.
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A Guide to Investing in Real Estate
A Guide to Investing in Real Estate
by: John Mussi
With all of the investment opportunities available these days, it can sometimes be difficult to decide which one is right for you and your money. If you find yourself trying to make a decision about where your money should be invested, you might want to take a few moments to consider investing in real estate. While real estate investment isn't right for everyone, there is a rather significant potential to make money if you handle your real estate investments correctly.
To help you to decide whether or not real estate investment is right for you, here is some additional information on investing in real estate for both resale purposes and rental purposes, as well as some of the advantages and disadvantages of this type of investment.
Investing for Resale
One common method of investing in real estate is investing for the purposes of resale. This method uses real estate in much the...
A Guide to Investing in Real Estate
Real estate > A Guide to Investing in Real Estate
Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months
Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months
by: Monte Helme
On average, the length of time required from real estate listing to contract has increased dramatically in the U.S. in the past six months, according to HouseHunt?s latest national ?Current Market Conditions? homes for sale activity survey.
Seventy-five percent of respondents said it is now taking more than 30 days. Of that figure, 30% said it is taking more than 60 days.
Three months ago, 52% of survey respondents said the average time on the market required for a home to sell was more than 30 days on the real estate market. Six months ago, only 35% said it was taking more than 30 days as buyer frenzy continued unabated.
?Current Market Conditions? 4th quarter survey also found:
Home sales prices remain firm.
Currently, 82% say they are getting 95% or more of asking home prices. This compares with 80% in the third quarter...
Real estate > Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months
Real Estate - So, You Wanna Buy Pre-Foreclosures?
Real Estate - So, You Wanna Buy Pre-Foreclosures?
by: Lou Castillo
So you wanna buy pre-foreclosures? or at the courthouse steps? So many people ask us about this. Here's our '30 second seminar' on it. If you're going to buy PRE-foreclosures--after the seller is behind on her payments, but before the lender's auction date-then there are some pros and cons to consider.
Pros: 1) you've got a good possibility of buying the house subject-to the loan from a very motivated seller who just wants out. 2) you don't need to do any marketing, just read the foreclosure notices (more on this later), pull some comps and do drive-bys. 3) There are several *thousand* foreclosures published each month, in the greater Atlanta area-plenty to choose from.
Cons: 1) You've only got about 3 weeks (to beat the courthouse auction) to contact homeowners and get signed contracts, title work, funding, etc. 2) Most pre-fc homeowners are in denial about their situation...
Real Estate - So, You Wanna Buy Pre-Foreclosures?
Real estate > Real Estate - So, You Wanna Buy Pre-Foreclosures?
Chicago Real Estate: Is It Overheating?
Chicago Real Estate: Is It Overheating?
by: Nick Anderson
Chicago real estate is one of the greatest success stories of the recent boom in property prices. With low, low mortgage rates for Chicago home (http://www.bestchicagomortgage.com/mortgage-calc.html)
mortgage loans, demand for real estate is going through the roof as people rush to snap up great homes on the beautiful Chicago lakefront, as well as in Chicago's many attractive suburbs.
More than eight million people now reside in the Windy City. One of the few Midwest cities in the last decade to increase in population, Chicago may be well on its way to satiation. There are so few homes available that folks who want to buy Chicago real estate are getting in ahead of the crowd by purchasing pre-construction.
Many pre-construction opportunities are available in Chicago real estate.
Chicago Suburbs Real Estate Pre-Construction
In the Chicago suburb of Palos Hills,...
Chicago Real Estate: Is It Overheating?
Real estate > Chicago Real Estate: Is It Overheating?
Montecito Real Estate from here to there?.
Montecito Real Estate from here to there?.
by: Gary Woods
So, where is Montecito Real Estate??? Well as with the rest of Santa Barbara Real Estate the area is south facing to the ocean. So starting on the East it begins in Toro Canyon about Foothill. Then it continues up Toro Canyon and goes West along East Valley Rd. up to Ortega Ridge where it goes Southwest down to Sheffield. From there it goes South on Sheffield and on out to sea.
On the West of Montecito is Hot Springs Rd. The border goes North on Hot Springs and then West on Alston Rd. From there it goes over the hill and meets up with Sycamore Canyon. Rd. On the South Montecito goes to the Ocean and then to the North it goes up above East Mountain Rd.
Okay, so now that you know where you are let?s talk about the different areas in Montecito. On the South you?ve got Miramar Beach Rd and Edgecliff with some incredible estates and small beach rentals. Farther West there?s Bonnymede...
Montecito Real Estate from here to there?.
Real estate > Montecito Real Estate from here to there?.
Where To Invest In Real Estate
Where To Invest In Real Estate
by: Steve Gillman
Where should you invest in real estate? If you know an area well, and have enough experience investing in real estate, you can make money almost anywhere. However, there are always places that are better or worse for real estate investments - places that have a better demand/supply ratio. Use the questions below to find them.
Demand Questions
1. Is the population growing fast? Check the US Census figures online, or ask the local government if they have the statistics. Stay away from areas that have little growth.
2. Is job growth decent? Again, ask local authorities or use the census information. You want to see job growth equal to or exceeding population growth. The people have to have money to pay for housing.
3. Decent quality of life? This is subjective, but important. Are there theaters and bookstores? Count coffee shops and cafes. Trendy areas usually have increasing demand...
Where To Invest In Real Estate
Real estate > Where To Invest In Real Estate
Who Else Wants Their Share Of Residual Income Without Having To Go MLM? (Or How I Increased My Monthly Revenue While Sitting At The Beach in Africa?)
Who Else Wants Their Share Of Residual Income Without Having To Go MLM? (Or How I Increased My Monthly Revenue While Sitting At The Beach in Africa?)
by: Stephanie Hetu
Last week, I read a very cool case study written by Anik Singal (sorry, can?t give you the link to the case study, it is available only inside his exclusive Affiliate Classroom, which I highly recommend, by the way http://www.membership-site-reviews.com/affiliateclassroom.html...
Real estate
Real estate > Who Else Wants Their Share Of Residual Income Without Having To Go MLM? (Or How I Increased My Monthly Revenue While Sitting At The Beach in Africa?)
Real estate financial planning
Local Businesses and Web Sites
Local Businesses and Web Sites
by: Halstatt Pires
It seems that most successful businesses these days have web sites, even businesses that service only certain geographic areas. On the web, where the market place is global, localized businesses can be at a great disadvantage.
A Local Business Web Site Example
Lets use the example of a car cleaning businesses. The business only cleans cars in a specific city, yet wants to use their web site to create...
Real estate hats
Real estate > Local Businesses and Web Sites
The Future Of Mobile Phone Technology
The Future Of Mobile Phone Technology
by: Dave Lloyd
The past, present, and future of cell phones
Just in the last few years cell phones (usually called mobile phones outside the US) have become de facto standards for most of the population. What once used to be a luxury item for a select few that was carried around in a large leather bag and was the size of the brick, is no longer.
Technology has advanced the mobile phone industry to the point where...
ringtones Real estate The Future Of Mobile Phone Technology Montecito Real Estate from here to there?.
Real estate > The Future Of Mobile Phone Technology
Real estate
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