2010 Real Estate Synopsis Monthly Statistics Remodeling magazine's 2010-11 Cost vs. Value Report
Tax Incentives Assistance Project Santa Barbara Film Festival
Go see "Gasland"
Urbanism
Happy New Year 2011 (woot woot!)
Wishing you a year filled with happiness, peace and abundance, plus lots of giggles, a myriad of adventures and plenty of house buying and selling! Your Realtors,
Elizabeth & DeAnn
LATEST & GREATEST... 2010 Real Estate Synopsis Courtesy of stat guru, Gary Woods:
For the greater Santa Barbara area including Carpinteria/Summerland, Montecito, Hope Ranch and Goleta. Sales of single family residences finished 2010 about 7.6% ahead of where they were in 2009 just nosing over the 900 units sold mark. But, the median sales price was just barely ahead of the ’09 number finishing the year at about $850,000 only $5,000 up from ’09. The average sales price moved a little farther ahead however finishing the year at around $1.46 million up from $1.4 million in ’09. Escrows were also up for the year rising from 869 in ’09 to 922 for ’10 for a 6.1% rise and the median list price on those escrows, just like the sales price was within about $5,000 of the previous year finishing ’10 at $879,000. Sold Single Family Homes and Planned Unit Developments (not condos) Carpinteria through Goleta 2009 vs. 2010 Jan.-Dec.
•Average Sold Price: ’09 = $1,399,886, ’10 = $1,460,353 UP +4.3% •Average Sold Price (without Hope Ranch & Montecito): ’09 = $987,547 ’10 = $1,015,484 UP +2.8%
•Median Sales Prices (without Hope Ranch & Montecito): ’09 = $750,000 ’10 = $775,000 UP +3.3%
•Number of Sold Properties ’09 = 839 ’10 = 903 UP +7.6%
•Median Sales Prices ’09 = $845,000 ’10 = $850,000 UP+0.6%
SANTA BARBARA REAL ESTATE SNAPSHOT:
December 12, 2010 - January 16, 2011 New listings: 120
Price Improvements: 102
Pending: 72
Closed: 94
(break down:) Sub $1 million: 67
$1-2M: 16 $2-4M: 4
$4-8M: 5
$8M+: 1
*Off Market: 183
Back On Market: 38
*Many properties expire at the end of each calendar year. This is a look at statistics provided through the Santa Barbara Multiple Listing Service over the past month. They include single family residences and condos, from Carpinteria to Goleta.
CITY REPORTS Find detailed information on how projects fared in 80 U.S. cities. Plus, download PDFs of individual city reports and use a data comparison tool to see how returns differ from year to year.
How We Get the Numbers: Construction cost estimates are generated by HomeTech Information Systems (www.hometechonline.com) of Bethesda, Md., which takes into account construction commodity data and labor cost information from a nationwide network of remodeling contractors. The company prepares a detailed construction estimate for each project and then adjusts this baseline cost for each city to account for regional pricing variations. E-mail surveys were sent to some 150,000 appraisers, sales agents, and brokers in the summer of 2010, and more than 3,000 participated.
Using the Data: The Cost vs. Value Report provides an accurate snapshot of the national housing market, but it can’t be applied accurately to an individual remodeling project for a particular address. Resale value is one factor among many that a home owner must take into account when making the decision to remodel.
2010-11 Trends: Slumping home values pulled the overall cost-to-value ratio down to its lowest level this decade, extending the downward trend that began in 2006.
Tax Incentives Assistance Project
Residential Energy Efficiency Incentives Homeowners can qualify for a variety of federal tax credits by making home envelope improvements and heating and cooling upgrades, and by installing onsite renewable generation. All incentives are in effect for measures placed in service during 2009 & 2010 unless noted otherwise.
For more information on criteria, specifications, and other details, visit the TIAP Web site at www.energytaxincentives.org TIAP also offers links to other sites for specific information on products and technologies.
COMMUNITY: Santa Barbara Film Festival
The 26 countries and an astounding number of premieres sure to delight the cinematic tastes of SBIFF audiences. SBIFF is proud to welcome many promising and established filmmakers and honorees to join in its grand tradition of celebrating independent film.
The Festival begins Thursday, January 27 and continues through Sunday, February 6, 2011. GET INVOLVED:
"Gasland"
Thursday, January 20 7-9pm at the
Lobero Theatre. Presented by Get Oil Out! (GOO!) and the Fund for Santa Barbara:
COST: FREE
Halliburton and the oil industry are "fracking" us over yet again. . . ."The largest domestic natural gas drilling boom in history has swept across the United States. The Halliburton-developed drilling technology of 'fracking' or hydraulic fracturing has unlocked a "Saudia Arabia of natural gas" just beneath us. But is fracking safe? Come and find out... A radical turn from the post-World War II pattern of throwing up clumps of subdivisions, isolated office parks, commercial strips and shopping centers, strung together by arterials and highways, all accommodating the automobile but rarely if ever walkable or encouraging of civic life. It is places that feature a diversity of uses — homes, shops, libraries, parks, schools — mixed closely so they're walkable (or easily bikable). It balances cars with public transit. It supports a rich public life. We think it's REALLY COOL!
Green Maps provides an interactive social networking site allowing users to create virtual maps contributing their own insights on sustainable living, nature, and culture and society, connecting the universal green initiative to your community’s local green initiative. So, view pre-existing maps or register to become a mapmaker online and start mapping out the ‘green’, Santa Barbara style.
|  | January Green Drinks Tonight!!! Tuesday January 18 6-8pm Red's 211 Helena Avenue
Santa Barbara, CA 93101
(805) 966-5906 to join email:
FOR SALE:
748 Dos Hermanos
Santa Barbara, CA 93117
Price Adjusted to $685,000 SUPER MOTIVATED SELLERS!
Spacious detached home in Villa San Marcos. This 3br 2.5 ba cul de sac home boasts a outdoor patio area, vaulted ceilings, fireplace, french doors off dining area and attached two car garage. affordable HOA dues. Priced below the 2 smaller units that sold in 2010, great deal!
FOR SALE:
1521 Olive Street Santa Barbara, CA 93103
Offered at: $1,575,000 Beautiful downtown townhouse. Low energy use home includes radiant floor heating, dual paned windows & quality insulation. Watch the fireworks from the oceanview deck. Ideal upper East location. This spacious home is newly built in 2003, quality throughout, 3br/3ba, gourmet kitchen, 2 car gar + guest spot.
Contact DeAnn for an appointment.
 FOR SALE:
3952 Foothill Road Santa Barbara, CA 93110
Price Adjusted to $575,000 Located down a private lane off the main road, this is a great opportunity to buy in the HOPE School district. Approximately 1/5 of an acre in the County of Santa Barbara, the property includes a dozen varieties of fruit trees, a towering redwood, a shaded flagstone patio, a shed/workshop, raised garden beds, chicken coop, and a sense of privacy while just minutes from all that Santa Barbara has to offer. The bright and airy home, built in 1954, has a 3 bedroom, 2 bathroom layout that allows for an extended family or rental income, with a wood burning stove, vaulted ceilings, dual-paned windows, and gorgeous hardwood floors.
Contact Elizabeth an appointment.
 New Long Term Rental: Eco-Friendly Mediterranean Urban Oasis 3+1 (tower) bedrooms, 3 full bathrooms 3,000 sq ft specially designed new custom home. Stone and bamboo floors with radiant heat. A Beautiful fireplace in the high ceiling living room, a small fireplace in the master bedroom. Formal dining area with 13 foot ceiling. Gourmet kitchen with 2 subzero refrigerators. Wolf 6 burner + griddle Fisher and Paykel Dishwasher Miele washer + dryer Mountain views with peaks of ocean too!
Roof top deck with beautiful sunset views. Solar PV system. Only non-toxic cleaners used No-VOC paint and cotton insulation.
Off street parking + optional garage. Antique gates, windows and lamps installed in the house. Furnished with organic mattresses & linens and unique antiques from around the world.
$ 7,500 a month or flexiblelease terms: 3, 6, 1 year lease... No pets or smoking, not flexible.
Please contact DeAnn:
 PENDING: Short Sale...nothing short about it!
328 Loma Vista
Santa Barbara, CA 93103
Listed at $609,000
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