Archive » November 6, 2008

Real Estate View

Vol. 14 Issue 44

Montecito Heat Index

The Montecito Heat Index is a snapshot of today’s demand for single-family Montecito homes. Rather than a measurement of sales which became pending or under contract at least a month ago and referred to as lagging data, the Heat Index looks at homes currently under contract, which constitutes a more accurate picture of today’s market demand. The precise formula is pending sales (homes under contract and not yet “closed” or sold) divided by active listings x 100. And since real estate markets are seasonal, and often vary monthly, today’s demand is compared to this date last year. All data is from the Santa Barbara MLS.

Trail Talk

Farewell to Ailie Chamberlin

On a Saturday evening this past summer, Ailie Chamberlin died at 102 years of age on her beloved Rancho Los Potreros, a fitting place considering that some of her most memorable life moments were equine-related. For those who don’t know Spanish, potreros translates as “a grazing field for horses,” and...

Village Beat

A Soggy Successful Beautification Day

Between intermittent rain showers, residents rolled up their sleeves to help beautify the village and its surroundings; Montecito Association’s 23rd annual Beautification Day was held Saturday, November 1. Although the turnout in the early hours seemed to be affected by the wet weather, a crowd of people, including First District...