Tag archives: housing

First Quarter Real Estate Update for Montecito’s 93108
By Mark Ashton Hunt   |   April 11, 2023

The rain has stopped and the sun has been shining for several days in a row now – which is a relief. Creeks are relaxing, as are residents. Montecito and her flood and debris flow prevention steps clearly worked during the larger storms that presented themselves this first quarter of 2023. What a wet and […]

Chronic Vagrancy vs. Homelessness And The Millions of Dollars Being Spent
By Lang Martinez   |   February 28, 2023

As a person who has experienced homelessness as a former addict living on the streets of Ventura County, I have come to understand how chronic vagrancy gives homelessness a bad name. For the last four years I have made the choice to wake up clean and sober so I can advocate for others like me […]

New Year’s Rains and Last Year’s Market
By Mark Ashton Hunt   |   January 17, 2023

It’s 2023 and it already feels like a different world. So much steady rain filling reservoirs, cleaning streets (into the ocean sadly), giving us something to really celebrate in the new year. They say that when it is raining is actually a great time to see a home you are considering buying. Watching how the […]

Updates on the Housing Element
By Sharon Byrne   |   December 6, 2022

We’ve got a lot on our plate here at the Montecito Association, and we’re happy to tackle it. Two weeks ago, the County had a huge public meeting on the updated Housing Element required by the state of California’s Housing and Community Development. You’ve read in these pages of how we realized the threat of […]

Press Conference on Affordable Housing in Santa Barbara County
By Joanne A Calitri   |   November 8, 2022

An impromptu press conference with U.S. Department of Housing & Urban Development (HUD) Region IX Administrator Jason Pu was held on October 26, at the Santa Barbara Housing Authority Offices on Laguna Street. Rounding out the HUD support were state and local politicians Congressman Salud Carbajal, City of Goleta Councilmember James Kyriaco MPA, and First […]

The Housing Authority of the City of Santa Barbara Hosts Jason Pu, HUD Region IX Administrator
By Montecito Journal   |   October 31, 2022

The Housing Authority of the City of Santa Barbara put on a host visit and tour with HUD Region IX Administrator, Jason Pu, former San Gabriel City Councilmember who was appointed by President Joe Biden to serve as Regional Administrator for the U.S. Department of Housing and Urban Development, Region IX, which covers areas of […]

Montecito’s Home Building Renaissance
By Mark Ashton Hunt   |   October 25, 2022

We are experiencing a home remodel and new building renaissance in Montecito that I have not seen in my 20 years living here, nor in the 20 years prior when I would visit family in the area. Very few blocks are without construction of some sort. One thousand (give or take) new homeowners have bought […]

Short-term Rental Update
By Kelly Mahan Herrick   |   October 18, 2022

The issue of short-term rentals (STRs) in the Coastal Zone could be back in front of County lawmakers as soon as next year, reports Darcel Elliott with First District Supervisor Das Williams’ office, who spoke at the Montecito Association Board of Directors meeting earlier this week.  STRs continue to be unregulated in the Coastal Zone, […]

Rona Barrett Foundation Giving Quality of Life to Our Seniors
By Joanne A Calitri   |   October 18, 2022

With one of the most world-recognized names in TV, magazine, and print news media, Rona Barrett fashioned her career on well-researched and deep-dive interviews, asking the questions no one would have at the time. Barrett broke many glass ceilings in the media industry for women and as a person with muscular dystrophy. She took on […]

Summer Home Buying Spree Continues… With no fall in sight (other than the weather and earlier sunsets)
By Mark Ashton Hunt   |   September 27, 2022

The calendar may say that we are heading into fall, but the Montecito Real Estate market is not falling at all, not here in the 93108. It seems like full steam ahead for buyers looking to become part of this community. Taking a quick look back at August, there were only 12 sales reported in […]

Village Properties Celebrates Major Milestone
By Montecito Journal   |   August 9, 2022

As it enters its 26th year of business, Village Properties is celebrating an astounding $20 billion in gross sales volume. But the Santa Barbara County-based firm’s leaders say an even more meaningful number is 12,900, which reflects how many times they have paired people with a perfect space and represented sellers in maximizing property value.  […]

Mid-Year Market Update
By Kelly Mahan Herrick   |   August 9, 2022

January through June statistics are in, and the Santa Barbara South Coast real estate market is showing a stabilization, marked by increased inventory, fewer sales, a higher number of days on market, and fewer multiple offer situations. Median sales price remains high: $2.2M for the month of June, which is a slight bump from May’s […]

Mortgage Minute: Getting Creative in a Shifting Market
By Matt Genovese   |   August 9, 2022

In response to this constantly swift-moving and uncertain real estate market – a statement that for most buyers and sellers sounds dramatic but is rather consistent for those of us who in work in the real estate industry – more and more we are seeing buyers get creative with the type of loans they use […]

Real Estate Gains: Maximize Your Capital Gains Tax Exclusions
By John J. Thyne III   |   August 9, 2022

As a broker and real estate attorney of nearly 30 years, one of the most common questions I face is how clients can best maximize their capital gains tax exclusions. Capital gains taxes are a tax on profits realized from the sale of highly appreciated real estate property, art, businesses, stocks, or other such assets. […]

Sanctuary Centers of Santa Barbara
By Steven Libowitz   |   July 26, 2022

Sanctuary Centers has been around for 46 years, and while the nonprofit’s array of services and team of experienced clinical providers has grown to encompass both inpatient and outpatient care, as well as an integrated approach and supportive housing to form a comprehensive system of care, the organization hasn’t wavered from its mission. Their range […]

Looking for Reliable 911 Service
By Montecito Journal   |   July 12, 2022

We live on Channel Drive in Montecito and along with the neighbors we have sent several emails regarding the lack of Sheriff’s presence since COVID and the increase of illegal activities. Last night was 4th of July and sadly Channel Drive had far fewer families enjoying the fireworks and many more people drinking, flying drones […]

No June Gloom… At Least Not in the Real Estate Market
By Mark Ashton Hunt   |   June 28, 2022

While it might be foggy here and there thus far in June, it’s been lovely just the same. The dividing argument of whether the fog line is at Montecito Union School or whether it’s East Valley Road (just a block apart but worth the discussion), is one of the longer running debates you might hear […]

Montecito Association Discusses Pacaso
By Kelly Mahan Herrick   |   June 28, 2022

At last week’s Montecito Association (MA) meeting, the Board discussed what has become a hot topic in many communities across the country: fractional home ownership via Pacaso, a Bay Area-based company that buys homes and then sells fractional interests in them to second-home buyers. After the sale – in which the company makes a profit […]

A Season of Change
By Mark Ashton Hunt   |   June 14, 2022

The seasons are changing, and so is the Real Estate market… at least that’s the way the numbers are rolling out here, nearly halfway through 2022, with most months being down in sales volume from the month before. Now I know, many will say it’s because of low inventory, and that’s true, or partly true. […]

April Showers… A Few at Least
By Mark Ashton Hunt   |   May 10, 2022

The warmer than winter weather and the longer days of sunshine make April an especially lovely time of year in Montecito. Falling after the colder and shorter winter months and coming usually before the May Gray or dreaded June Gloom (fog), April is often a mix of all the seasons in one month. Freezing nights […]