June 2016

Found 2 blog entries for June 2016.

Santa Barbara and surrounding areas which include Goleta, Hope Ranch, Montecito, Summerland and Carpinteria have overall seen less property sales this year than last. There are however a few areas that have exceeded the number of sales from 2015. Topping the list is Santa Barbara East which has seen a 6% rise in home sales year-to-date over last year. Goleta South comes in a close second with a rise of 5%, followed by Montecito with 2%. A common denominator in all three areas has been an increase in number of listings which can be considered to help sales.

2166 Mission Ridge Road

Santa Barbara East  -  Highest Sale YTD: $5.195M  -  2166 Mission Ridge Road

5225 Austin Road

Goleta South  -  Highest Sale YTD: $4.2M  -  5225 Austin Road

380 Santa Rosa Lane

Montecito  -  Highest Sale YTD: $28.85M 

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Recent attractive interest rates on refinancing have allowed many homeowners affordable funds they’ve needed to update their homes. Currently a higher number of homes in Santa Barbara are undergoing remodeling than in years past. There can be many different motivations for upgrading a home, including the desire to create more equity or to sell in the not too distant future. If return on investment is the main motivation then there are some general guidelines and current style trends that are proving to benefit homeowners more than others.

As pointed out by the HGTV, “keeping the existing structure sound” should be every homeowner’s first priority. To read the full article click here. Taking care of deferred maintenance first makes sense, especially

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