Monday, May 25, 2015
Well done perfect
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Friday, August 30, 2013
8/30 Inventory Update
I'm happy to be going into the long weekend with another success story. Of the furry kind. It gives me great joy to note that the last two goats you have been seeing on my site found a new and perfect home. My daughter and I picked them up in our horse trailer and took them to their new paradise. Actually their prior paradise wasn't so bad either. These are some darn lucky goats, I'll tell you that. So Buckwheat and Josie are living their happily ever after right here in the beautiful Santa Ynez Valley. Thanks to all of you who wrote to me about them.
All of the brokerages are closed on Monday in observance of Labor Day so I will be back here on Tuesday with all the news. Until then, you can see I have provided here below (scroll all the way down) a list of homes that are in some way special, good values or just interesting. If you are here this weekend, take a drive. Check them out. Tell me what you think. I will be here this weekend if you need me. Don't hesitate to reach out if you do.
New Listing
2424 Baseline, Ballard (2/1 on almost 1.5 acres) 979K This one is a bit of a sleeper. And you can't see it from the road so a drive by is futile. You might remember it from 2010 when it was on the market prior (did not sell at that time). This is a vintage property that has had some nice reworking. From the pics, it looks to be in even better condition than the last time I saw it yet has some preserved charm that only the passage of time will deliver. One of the really cool things about this property is its actually two parcels. The front parcel is zoned commercial and the back parcel is residential. Because this property is adjacent to the Ballard Inn, some people's brains might be spinning a thousand miles a minute wondering what they could do with that front parcel from an income producing standpoint. See aerial pic above. Or maybe the cuteness factor is so great, the long private driveway entrance over the commercial zoned portion is just what the doctor ordered in terms of security and a buffer zone from the street. Interesting, to say the least.
Sold
265 Meadowlark, Santa Ynez (2/3 on 5 acres) Listed at $1,395,000 and sold final for $1,280,000. I showed this property a bunch of times because I really liked it and believed in the potential. Whereas I would consider the house a fixer, the original build had enough future thought expressed that the structure will totally support a trendy remodel and look fabulous. Land is all flat and usable which for us horsey people is like gold. Fantastic location with horizon views and end of the land privacy. A good buy.
Sold
620 Foxen, Los Alamos (4/3 on .93 of an acre) Listed at 649K and sold final for 620K. This is a "high end" price in Los Alamos where most homes sell for under 500K. Take note this home was on the market in 2010 and didn't sell after 90 days. This time around went under contract in 14 days. More evidence of the Los Alamos renaissance.
Sold
340 Shaw, Los Alamos (two units on .17 of an acre) Listed at 225K and sold final for 235K. Resilient buyers waited a long time for approval on this short sale. In the end it was all worth it because prices shot up since this offer was written but it got approved anyway. Bought today at last year's prices. Nicely done!
Sold
395 Rancho Alisal, Solvang (main house and guest house on 1 acre) Listed at 749K and sold final for 676K. One of the rare Alisal Ranch properties that has a guest house. Also has a professional size gym and infinity pool. These homes are on leased land with annual land lease payments.
Sold
1547 Alamo Pintado, Solvang (main house and guest house on almost 5 acres) Listed at 995K and sold final for 925K. Came on the market back in 2010 at $1,295,000. House vintage but in a good way. Right out of an old movie. Love the super adorable and historic barn. I am a total sucker for an old barn. I wonder what would be said if "these walls could talk". An oldie but a goodie from 1917 and surrounded by successful vineyards such as Rideau and Buttonwood.
Some of My Favorite Available Properties to Consider
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Realtor
President SYV Association of Realtors 2013
DRE #01357602
Prudential CA Realty
P.O. Box 778
Los Olivos CA 93441
805.233.6461 efax
805.448.2727 direct
Thursday, August 29, 2013
8/29 Inventory Update
Pretty slow day as we head into the holiday weekend. Just one item.
New Listing
636 Lillebakke, Solvang (3/3 on .62 of an acre) $1,190,000 Where the heck is Lillebakke? Little known cul de sac (Mission Dr. aka highway 246 to Pine, right on Laurel, left on Lillebakke). Close to town but not too close and actually abuts the Mission Oaks development . Small enclave of upper scale two story homes. This one a custom build possessing an exponentially preferable lot location cantilevered out towards the view corridor.
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The information contained in this email is confidential information only intended for the use of the individual or entity named. If the message has been delivered to a person who is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any unauthorized use, dissemination, distribution or copy of this communication is strictly prohibited.
Realtor
President SYV Association of Realtors 2013
DRE #01357602
Prudential CA Realty
P.O. Box 778
Los Olivos CA 93441
805.233.6461 efax
805.448.2727 direct
Wednesday, August 28, 2013
8/28 Inventory and Rate Update
Here is your mid week rate update from Guy Rivera a Guarantee Mortgage in Santa Barbara and Solvang. Click here.
One notable item that was shared with me recently. The Mission Oaks development has now been approved for FHA financing (3.5% down) which also, as I understand it, makes these homes eligible for reverse mortgage financing.
In Escrow
616 Hillside, Solvang (2/3 on .02 of an acre) 599K This is in the Mission Oak development. Free standing homes mixed with condos. Pool, tennis, clubhouse. HOA fees here are $640 per month.
In Escrow
1576 Oak, Solvang (2/2 condo) $274,700 Three story condo (garage, living, bedroom levels). Very close to PCPA Theatrefest and pretty much everything else. Low HOA here of $295 per month reflects lack of amenities a lot of people don't use anyway (pool, tennis etc.). Why pay for them if you aren't going to use them? Deck off the master but no yard space. No dogs allowed.
Sold
5574 Baseline, Santa Ynez (main house, guest quarters on 5 acres) Listed at $1,695,000 and sold final for $1,597,500. Came on the market at $2,295,000 when first introduced 568 days ago.
Sold
3089 Tiana, Santa Ynez (main house and guest house on .86 of an acre) Listed at 979K and sold final for same. Worth every penny with a very classic yet current remodel. Good neighborhood too. Land all flat and usable. One of the nicest in town ranchette properties we have seen in some time.
**Email me direct for Daily Insider subscription. Get these posts emailed direct to you with private comments and weekly foreclosure reports.
The information contained in this email is confidential information only intended for the use of the individual or entity named. If the message has been delivered to a person who is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any unauthorized use, dissemination, distribution or copy of this communication is strictly prohibited.
Realtor
President SYV Association of Realtors 2013
DRE #01357602
Prudential CA Realty
P.O. Box 778
Los Olivos CA 93441
805.233.6461 efax
805.448.2727 direct
Pending Home Sales: July 2013
Today, the National Association of Realtors (NAR) released their Pending Home Sales Report for July showing that pending home sales declined with the seasonally adjusted national index falling 1.3% from June but increasing 6.7% above the level seen in July 2012. Meanwhile, the NARs chief economist Lawrence Yun is suggests that the recent pullback in contract activity does not constitute a general trend while in the Northeast and West, higher rates and prices are having an impact on sales:
"The modest decline in sales is not yet concerning, and contract activity remains elevated, with the South and Midwest showing no measurable slowdown. However, higher mortgage interest rates and rising home prices are impacting monthly contract activity in the high-cost regions of the Northeast and the West ... More homes clearly need to be built in the West to relieve price pressure, or the region could soon face pronounced affordability problems."
The following chart shows the seasonally adjusted national pending home sales index along with the percent change on a year-over-year basis as well as the percent change from the peak set in 2005 (click for larger version).
Reading Rates: MBA Application Survey – August 28 2013
The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages as well as the volume of both purchase and refinance applications. The purchase application index has been highlighted as a particularly important data series as it very broadly captures the demand side of residential real estate for both new and existing home purchases.
The latest data is showing that the average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) increased a notable 12 basis point to 4.66% since last week while the purchase application volume increased 2% and the refinance application volume declined 5% over the same period.
Rates continuing to rise after some settling and following weeks of explosive increases that saw a rise of over 100 basis points seemingly directly correlated with the Feds recent suggestion that they may start to "taper" the GSE and treasury purchases later this year.
The following chart shows the average interest rate for 30 year and 15 year fixed rate mortgages since 2006 as well as the purchase, refinance and composite loan volumes (click for larger dynamic full-screen version).
Tuesday, August 27, 2013
8/27 Inventory Update
New Listing
870 Entrance, Solvang (3/2 on 1 acre) 600K About 4 or 5 years ago, this home underwent a major retooling. Last time I was there a couple of years back, felt like brand new inside. Pool is out of the way on the end. Lawn goes out on the highway side. This is a corner lot which faces highway 246 but the entrance to the driveway is on Entrance Rd. See aerial pic above.
New Listing
405 Via Corona, Buellton (4/3 on .57 of an acre) $589,900 Not in the Sycamore Ranch section but also not in the older section. These homes are "tweeners" built in the late 70's. Somewhat of a perimeter feel. As you can see from the pics on the link above, the backyards slope up so you get to avoid having a back neighbor right there. And the neighbor that is back there is a small ranch property which amounts to a nice open space behind the fence. These homes also sit up above the road adding even more privacy. Big lot at over half an acre. Lots of upgrades over time and a 3 car garage. Some views too. This one is all about location and views.
Price Reduction
1935 N. Refugio, Santa Ynez (4/4 on 5 acres) Was $1,699,000 with a new price of $1,599,000. Refugio address but accessed on a long private drive off the main street and tucked in behind another property for a practically zero traffic impact. Some nice remodel done here in a sprawling spacious floor plan. I love the master bedroom walk in closet - its huge!
Sold
1627 Elm, Solvang (2/1 on .16 of an acre) This is a listing in my own inventory. Listed at 405K and sold final for 380K. This home is near and dear to my heart as I knew one of the sellers personally who has since passed away. I know she would be thrilled with how it all turned out. This is a precious cozy vintage home that has had a ton of love and good care over the years with lots more to come!
**Email me direct for Daily Insider subscription. Get these posts emailed direct to you with private comments and weekly foreclosure reports.
The information contained in this email is confidential information only intended for the use of the individual or entity named. If the message has been delivered to a person who is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any unauthorized use, dissemination, distribution or copy of this communication is strictly prohibited.
Realtor
President SYV Association of Realtors 2013
DRE #01357602
Prudential CA Realty
P.O. Box 778
Los Olivos CA 93441
805.233.6461 efax
805.448.2727 direct
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