2024 Year-End Market Report: Montecito & Hope Ranch
MONTECITO 2024 Year-in-Review: Montecito’s 2024 real estate market saw significant growth compared to 2023, with the average sales price rising by 18% to $7.18M, the median sales price increasing slightly to $5.4M, and total sales volume reaching $1.17B, a 15% year-over-year increase, despite a slight dip in the number of transactions. Notably, average days on…
Read MoreQ2 2024 | Montecito & Hope Ranch Market Report
Q2 2024 | Montecito & Hope Ranch Market Report Q2 2024 marked a standout quarter for Montecito real estate, showcasing notable growth and activity. The average sales price rose by 7%, and the median sales price increased by 10% compared to Q1 2024. Despite these price hikes, the average days on market remained stable at…
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Q4 2023 | Montecito & Hope Ranch Market Report
Q3 2023 | Montecito & Hope Ranch Market Report
Design Spotlight | Lutah Maria Riggs, AIA
Shaping California’s Architectural Landscape Lutah Maria Riggs was an American architect known for her lasting impact on the architectural landscape of Santa Barbara, Montecito, and California as a whole. Her designs have become iconic symbols of the area’s affluent lifestyle and have helped shape the distinctive architectural identity that sets Montecito and Santa Barbara apart…
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Q1 2023 | Luxury Real Estate Market Report
California to mandate insurance discounts for wildfire mitigation
California To Require Insurance Discounts For Property Owners Who Reduce Wildfire Risk BY HAYLEY SMITH LOS ANGELES TIMES STAFF WRITEROCT. 17, 2022 UPDATED 3:26 PM PT California will become the first state in the nation to require insurance premium discounts for owners of homes and businesses that are made safer from wildfires. New rules mandate that insurance companies…
Read MoreQ3 2022 | Montecito Market Report
Montecito Market Report | Q3 2022 While we continue to see somewhat of a softening in the Montecito market, the demand for correctly priced houses continues. The unrelenting lack of an inventory of good houses is the headline as proven by an almost 50% decrease from Q3 2021 in the number of transactions in a…
Read MoreCommunity Spotlight | FIELD + FORT
Summerland, the seaside haven located between Carpinteria and Montecito, is a two-exit town home to antique stores, shops, and eateries. In 2019, Field + Fort opened its doors on the east end of Lillie Avenue as a decor shop and cafe dedicated to “essentials of elevated living.” Featuring menu items like shakshuka, savory porridge, and…
Read MoreCommunity Spotlight | Acme Hospitality
With an innovative collection of food and beverage concepts, Acme Hospitality is behind Santa Barbara favorites Loquita, The Lark, La Paloma, and seven other restaurants and wine bars centered around Santa Barbara’s Funk Zone. Despite the group having multiple businesses located in the same neighborhood, they are successful due to their unique concepts, with a…
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