Happy Summer Solstice! Summer Solstice happens today at 9:24pm in Santa Barbara, marking the longest day of the year and first day of summer. To celebrate the event Santa Barbara will once again have its traditional Summer Solstice Celebration this Friday through Sunday at Alameda Park downtown, with the main event parade up State Street starting at noon on Saturday, and children’s parade starting at 2pm on Sunday. Click here for more details. Santa Barbara’s Summer Solstice event which has in the past drawn over 100,000 visitors once again ranks as the number one in California, and in the last two years has ranked as one of the top ten Worldwide.
Downtown Santa Barbara has also been a very hot item for real estate this year with 48% less new listings than last year and 3% more properties sold. Currently there are only 15 homes listed in the downtown area with over half already under contract. If you’re looking for real estate downtown or in any other difficult to find area in Santa Barbara please send your inquiries. There are typically several available off-market properties to consider which are in preparation of being listed. I look forward to hearing from you and seeing you in Santa Barbara this summer!
When actor Jeff Bridges listed his beautiful Tuscan ocean view estate on Hot Springs Road in Montecito for $29.5 million in the summer of 2015 he didn’t expect that it would sell for only $15.925 million almost two years later.
A couple of other celebrity estates have recently come on the market in the Santa Barbara area. Ellen DeGeneres has just listed her incredibly restored ocean and mountain view Italianate estate on Hidden Valley Lane in Montecito for $45 million. She purchased the home in 2011 for $16.5 million before restoration and is looking to make a substantial profit. Kevin Costner just listed his 10.25 acre ocean front estate site on Padaro Lane in Carpinteria for $60 million. He purchased the property and 7 acre lot next to it in 2006 for $28.5 million and resold the 7 acre lot for $25 million in 2009.
985 Hot Springs Road – 6 bed 6 bath on 19.5 acres – Listed for $29.5 million – Sold for $15.925 million
2840 Hidden Valley Lane – 6 bed 8 bath on 16.88 acres – Listed for $45 million
2825 Padaro Lane – 2 bed 2 bath on 10.25 acres – Listed for $60 million
It’s a general rule in real estate that if a property is initially listed close to its market value it will end up selling at the best and highest price. It’s when a seller “tests the market” or believes in an inflated value of their property that they can end up selling for a lot less.
A most important part of a chosen agent representative’s job is to accurately assess the value of any property their client is looking to purchase or sell. If you’re active in the local real estate market and would like to know the accurate value of a property I look forward to the opportunity to assist and appreciate your inquiries.
In addition to being one of the busiest times of year for the real estate market, springtime brings many other reasons to be out and about in Santa Barbara. This year’s recent rains have complimented the color and fragrance of the area’s beautiful scenery with abundant blossoming flowers, trees and plants. The following list includes some fun activities you may decide to enjoy along with taking in Santa Barbara’s inviting outdoors.
April 7-9 – Santa Barbara Food and Wine Weekend, Bacara Resort and Spa, begins on Friday at 7pm
April 7-9 – Lucidity Festival, Live Oak Campground at 4650 Highway 154 in Santa Ynez, begins Friday at 10am
April 20-23 – Santa Barbara Vintners New Release Spring Weekend, Santa Ynez Valley, begins on Thursday at 11am
April 29 – Founding Day Festival, El Presidio de Santa Barbara, 12-4pm
May 13 – Santa Barbara Wine Country Half Marathon, 3558 Sugunto Street in Santa Ynez, 7am
May 25 – John Legend in Concert, Santa Barbara Bowl, 6:30-10pm
May 27-29 – I Madannari Street Painting Festival, Old Mission Santa Barbara, begins on Saturday at 10am
June 3 – Los Olivos Jazz and Olive Festival, Lavinia Campbell Park in Los Olivos, 1-4pm
For all of your real estate needs this spring e-mail John@SearchSantaBarbara.com. Your inquiries are appreciated!
The fall season and month of October is a great time to be in Santa Barbara and surrounding communities. Along with plenty of beautiful real estate to look at there are many events, festivals, and some of the best weather of the year to enjoy. Following are several activities taking place. To experience some of the best real estate currently available in the area simply contact John@SearchSantaBarbara.com. Your inquiries and touring requests are appreciated!
Oct. 7 – Teacher’s Fund Golf Tournament & Party (sponsored by Village Properties), Glen Annie Golf Course, 12pm & 5pm
Oct. 7-10 – Celebration of Harvest Festival & Grand Tasting, Tasting Rooms throughout Santa Barbara Wine County & Old Mission Santa Ines in Solvang, 11am & 12pm
Oct. 7-9 – California Avocado Festival, Linden Avenue, Friday 1-10pm, Saturday 10am-10pm & Sunday 10am-6pm
Oct. 15 – Santa Barbara Harbor & Seafood Festival, Santa Barbara Harbor, 10am-5pm
Oct. 15 – Santa Barbara Beer Festival, Elings Park, 12–4pm
Oct. 20 – Santa Barbara Best Fest, Carriage Museum at 129 Castillo Street, 5:30-9pm
Oct. 29 – Fall Family Festival, Cliff Drive Care Center, 11am-2pm
Nov. 5 – Comedy & Magic Festival, Plaza Playhouse Theater at 4916 Carpinteria Avenue, 7pm
Summer is here and Santa Barbara is living up to the great lifestyle it’s known for with plenty of events and activities to enjoy. In addition to taking in the great weather, scenery, people and incredible real estate opportunities you might consider some of the following.
Live Oak Music Festival – June 17-19
Summer Solstice Festival and Parade – June 24-26
Semana Nautica – July 1-11
Independence Day Celebration – July 4
Pacific Pride Festival – July 9
CA Wine Festival – July 14-16
Fiesta – Old Spanish Days – August 3-7
Click here for more events.
I look forward to seeing you this summer!