November 2015

Found 2 blog entries for November 2015.

There’s a lot to be thankful for in Santa Barbara; perfect weather, abundant natural beauty, incredibly nice people, and a wide range of breathtaking real estate. While many will be traveling this holiday week there will be a large number enjoying it here in paradise with their friends and family. If you’re in the area there’s lots to do in way of activities, food and comradery. A morning walk or run along the beach is a great way to start the day. Two organized runs are scheduled to take place; the ZeeBlu Thanksgiving 5K and the Thanksgiving Day 4-miler. For late morning/early afternoon enjoyment there’s a Thanksgiving Champagne Brunch being held at the Bacara Resort. If not watching football the afternoon could be spent playing tennis, volleyball,

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The median age of a home buyer in today’s U.S. real estate market now stands at 43. In 2005 it was 39 and in 1985 it was 35. Santa Barbara’s real estate market has certainly coincided with this trend. Although the median age in Santa Barbara doesn’t differ tremendously from the rest of the U.S., its median home price and home owner occupancy percentage does. The year-to-date median home price in the Santa Barbara area currently stands at $1,155,000, putting financing into jumbo loan territory with extremely difficult qualifying standards, far harder than for conforming loans. This climate has turned over the home purchasing advantage to more mature buyers with large cash reserves. Seasoned investment oriented buyers have also been purchasing over half of

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