Viewing entries tagged
Luxury living

New Listing! Open This Weekend

121DeLaGuerra-6858.jpg

121 W De La Guerra #7 

Award winning luxury town home in downtown Santa Barbara w/a walk score of 98! Large 1 bedroom+loft unit showcases an open concept floor plan with wood floors, gourmet kitchen, granite counters, stainless appliances, gas fireplace & private patio. Luxurious bedroom features Juliette balcony, en-suite bathroom with double vanity & oversized walk-in closet. Loft is perfect for overnight guests or dedicated office. Completely gated building with elevator to street level and parking garage. Steps away from renowned amenities - including restaurants, theaters, galleries, museums, historic sites, boutiques and shopping. Less than 1 mile to waterfront and beaches.

OPEN 1-3 SATURDAY AND SUNDAY (805) 351-2101


One Twenty One is the winner of The American Institute of Architects Santa Barbara Chapter Merit Award for excellence in design and has been awarded the coveted Santa Barbara Beautiful Award for 2014.

Want to know what it's like to live at One Twenty One? See what neighbor Doug has to say...

An interview with resident of the One Twenty One complex in the heart of downtown Santa Barbara.

Live in Luxury for Less! Price Reduced on this Award Winning One Twenty One Condo

All the luxury at a new low price, recently reduced $140,000!

121 W De La Guerra #9 is a luxurious gated town home in downtown Santa Barbara with garage and private elevator access to the unit! This stunning home is highlighted by incredible vaulted ceilings over an open concept floor plan. Interior appointments include dark mocha wood floors, gas fireplace, center island with sit-at bar, granite counters, stainless appliances and fantastic flow to a large patio through double sets of French doors.

One Twenty One Award winning luxury town home in the heart of downtown Santa Barbara with a walk score of 98! Only steps away from renowned amenities - including restaurants, theaters, galleries, museums, historic sites, boutiques, shopping and beaches.

121 De La Guerra Master 1.jpg

Weekly Perspective • Hope Ranch

Weekly Perspective • Hope Ranch

Happy Friday everyone,

We're just finishing up our work week here at Berkshire Hathaway in Montecito. Last week we talked about Carpinteria and it's real estate market and this week we want to introduce you to the exclusive neighborhood, Hope Ranch. Hope Ranch is directly adjacent to Santa Barbara and is bordered by a spectacular private beach. That's just the start of it, you have La Cumbre country club, Laguna Blanca private school and 30 miles of equestrian riding trails. This is home to to more than one billionaire and everyone's favorite rapper, Snoop Dogg.

Snooooop

Now Hope Ranch real estate is not for the faint of heart, the average home sells for 4-5 million dollars and easily climbs up over 20 million dollars. Currently the most expensive home listed in Hope Ranch is a 25 million dollar, 10,000 square foot stunner. It's an ocean front property on almost 4 acres, with a pool, spa, home theatre, private dance studio and tennis court. This home was built by a former Apple executive so you guessed it has all the tech bells and whistles you can imagine. If this sounds like the home you've been thinking about buying, you might want to jump on this one, it has recently been reduced to 25 million dollars and supposedly costed only 30 million dollars to build.

There are more modest homes in Hope Ranch, but everybody shares the same exclusive lifestyle and privacy. Now more than ever is an opportunity to stand out from the pack and work with a real estate agent that understands your local market. Have a great weekend! We'll see you next week.

-Team Ralston + Hitchcock

#HomePrices #MortgageRates Update

Prices and Mortgage Rates Going Up in 2016 | Keeping Current Matters The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016.

HOME PRICES

CoreLogic has projected a nationwide 5.2% home value appreciation for the next twelve months. Here is their breakdown by state:

Pricing Forecast | Keeping Current Matters

MORTGAGE INTEREST RATES

All four of the entities that provide projections on mortgage interest rates agree: they’re going up in 2016. Here are the predictions over the next four quarters:

Interest Rates | Keeping Current Matters

Bottom Line

With both home values and interest rates projected to increase over the next twelve months, buying (or moving-up), sooner rather than later, makes sense.

Unique #HomeBuyingTrends

Active military and veterans comprised 21 percent of all home buyers in 2015 ̶ a sizable subset worth exploring their purchasing preferences, according to NAR’s 2015 Profile of Home Buyers and Sellers report released in November 2015. Let’s take a quick look at the demographics for these two groups combined. The median age for this subgroup was 48, whereas active military was typically 34 years old and veterans were 61 years. The median price of a home they purchased was $223,000, which is consistent with all buyers. Twenty-eight percent were first-time home buyers and 81 percent bought previously owned homes. Active military and veterans were most likely to buy single-family homes at 86 percent. However, only 85 percent worked directly with an agent or broker, slightly down from 88 percent compared to all buyers.

Unique Facts about Active Military and Veterans:

  • 18 percent bought multigenerational homes compared to 13 percent for all buyers
  • 21 percent were relocated due to a job compared to only eight percent for all buyers
  • Median income for active military and veterans is $79,500, which is lower than $86,100 for all buyers
  • Median home size purchased was 2,100 square feet whereas the median for all buyers was 1,900
  • 41 percent of this group used virtual tours to help them purchase their home, more than any other demographic group

vets

#HomeStaging: Pro Tips for Appealing to the Senses

iStock_000024467830_Small Staging a home for sale is all about inspiring your buyer, and their senses are the avenue by which you connect with them. French novelist Honoré de Balzac once wrote “love is the poetry of the senses,” and specifically touching on each sense when staging a home creates atmosphere that inspires just that kind of poetic love. No matter the size or style of the home, there are a whole range of small things you can do to make it more appealing to aspiring homeowners (and help you lock in a sale!) Here’s how to get started:

Sight is the sense most agents associate with staging. The placement of furniture, decor, plants and everything else is truly central to staging. What can get overlooked in the great production of staging is the most fundamental element to catching someone’s eye – light. Especially for homes whose layout prevents a lot of natural light from getting in, you will want to ensure that you have bright and vibrant light throughout the home you aim to sell. Dark homes can not only feel dreary, but they can also make it more difficult to show off some of the qualities that will help you sell the home from the flooring to any moulding touches and more. Light is also very important for getting good quality photographs, which in the era of online advertising is key to putting your best foot forward to sell homes. There’s a major difference in perception between houses with dark, grainy photographs and ones that look professionally shot when interpreting them in the digital space.

Smell is among the strongest and most personally connective senses we possess as humans. We associate different aromas with experience and memory to a degree where certain smells can make us comfortable and nostalgic or quite the opposite. People are consciously aware of smells that they like and dislike, and some argue that using fragrances or food smells to change buyer perspective is a big no-no. However, if you are choose natural, neutral aromas like lavender, sage, pine or other light woody fragrances, you can create a space that feels like home. Be aware of using fragrances that may cause people who are sensitive to aromas to be uncomfortable, and be smart about using things like incense and spray aerosols that can trigger asthma or allergies.

Taste is important because, frankly, everyone loves snacks. This is a simple fact of life. Food makes people feel more comfortable and welcome in a home, and can add a feeling of sophistication to your showing. While you can’t guarantee everyone will be interested in your hors d’oeuvres, a lot of people will appreciate some fresh fruit, mild cheeses, or even a glass or two of wine as they settle into what may be their new home. Avoid anything that is overly fragrant, like strong cheeses and cooked meats, but don’t be afraid to let the personality of the home inform the snack choice you make. For homes that are more down home and country cottage influenced, regional favorites can’t be beat, whereas if you’re catering to a higher society crowd your snacks should follow suit.

Hearing. Much like smell, music is deeply evocative for memory and affects the mood and comfort level of the listener. Playing music through a home you aim to sell does wonders for filling in the space, making it more comfortable for everyone walking through and giving a sense of personality to your staging. I would recommend something instrumental, preferably classical or piano to enhance without distracting from the surroundings. If you want to get more technical, music that is primarily structured around major chord progressions will energize listeners, whereas minor chords sound darker and can create a sense of melancholy (for an example, look what happens when you shift REM from minor to major. How happy it feels!). It’s also important to ensure your music isn’t too loud, as it can take away from your staging and make it more difficult for your buyers to converse about the home with one another and with you.

Touch. Chances are prospective buyers aren’t going to go around touching the walls and tiles to gauge their tactile appeal, but there is a strong likelihood they will have a seat at some point along the way (or be drawn towards touching a sofa, linens or the curtains). Touch is one of our key exploratory senses, used to judge a wide range of things from the temperature of an item to its softness or quality. Staging a home with comfortable, quality goods is one part of staging with touch. Another key element of touch: temperature. A home that is too hot or too cold will make buyers uncomfortable and distract them from the features you’re looking to showcase. An updated thermostat is not only a great selling point for the home, but helps you accurately and consistently set the temp for showings.

#HomebuyingTrend Purchasing Larger Homes

Home buyer demographics change slightly from year to year due to macroeconomic forces from the health of the economy to inflation to the global trade on oil prices. The National Association of REALTORS® recently released its 2015 Profile of Home Buyers and Sellers report and there are some interesting new trends emerging this year. One of the most fascinating is that in almost every region of the United States, we saw buyers trading up and buying bigger homes than last year. According to the new report, 42 percent of all buyers traded up in the size of their home, up from 40 percent in 2014. In the 2014 report, buyers reported that they were looking for homes similar in size at 31 percent compared to 29 percent in 2015. Regionally, the percentage of buyers looking for larger homes increased across the board.

reasons

One reason for this shift in purchasing power is that people finally have more equity from selling their previous homes in order to buy a bigger one. Since the housing downturn in 2010, many homes were worth less than their mortgages. Over the last several years, home prices have been rising. In 2014, 17 percent reported waiting or stalling to sell their home, which dropped to 13 percent in 2015. Sellers also reported that they sold their homes for a median of $40,000 more than they purchased it, up from $30,100 in 2014. The most common reason for selling a home in 2015 was that the home was too small at 16 percent.

med

The typical seller in 2015 was 54 years old (same as last year) and the median household income was $104,000, up from $96,700 in 2014. Buyers aged 35 to 44 years, or Generation X, was the second largest age group to purchase homes last year at 20 percent, behind Millennials 34 years or young where 28 percent purchased homes. We can speculate that Generation X-ers probably had a child in the last few years and wanted a bigger home to expand their family. Finally, we see the trend where repeat buyers have been able to sell their homes at a higher price in order to trade up and purchase larger homes.

Falling For Your #DreamHome

Singles Are Falling For Their Dream Home [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • 24% of all recent home buyers were single at the time of purchase
  • 47% of single men cite the desire to own a home of their own as the primary reason to buy
  • 18% of first-time buyers were single women

Why You Should Sell Now Before Winter Hits

Why You Should Sell Now Before Winter Hits People across the country are beginning to think about what their life will look like next year. It happens every Fall. We ponder whether we should relocate to a different part of the country to find better year-round weather or perhaps move across the state for better job opportunities.

Homeowners in this situation must consider whether they should sell their house now or wait. If you are one of these potential sellers, here are five important reasons to do it now versus the dead of winter.