Santa Barbara Independent Real Estate 2/2/23

3BD/4BA; ±29 acres • $20,500,000

Yolanda Van Wingerden, 805.570.4965

LIC# 01308141

Nancy Kogevinas, 805.450.6233

LIC# 01209514

3BD/2BA • $2,875,000

Anderson / Hurst / Brook Ashley, 805.618.8747

LIC# 01903215 / 00826530 / 01027187

TAKE A TOUR TODAY at

5BD/6½BA • $19,950,000

Cristal Clarke, 805.886.9378

LIC# 00968247

bhhscalifornia.com

Marsha Kotlyar Estate Group, 805.565.4014

LIC# 01426886

measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

2BD/2BA • $1,495,000

Daniel Encell, 805.565.4896

LIC# 00976141

© 2022 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including

BERKSHIRE HATHAWAY HOMESERVICES

CALIFORNIA PROPERTIES

is pleased to congratulate

on the successful representation of the Seller at 4595 Avenue Del Mar, Listed for $12,500,000.

DANIEL ENCELL 805.565.4896

DanEncell@aol.com

www.DanEncell.com LIC 00976141

CALCAGNO & HAMILTON CO.

on the successful representation of the Seller at 618 Hot Springs Rd, Listed for $9,000,000.

CALCAGNO & HAMILTON CO. 805.565.4000

Info@HomesInSantaBarbara.com

www.HomesInSantaBarbara.com

LIC 01499736 / 01129919

on the successful representation of the Buyer & Seller at 1855 San Leandro Ln, Listed for $6,800,000.

CRISTAL CLARKE 805.886.9378

Cristal@Montecito-Estate.com

www.Montecito-Estate.com

LIC 00968247

on the successful representation of the Seller at 472 Santa Rosa Ln, Listed for $4,495,000.

BARTRON REAL ESTATE GROUP

805.563.4054

Team@BartronGroup.com

www.SantaBarbaraHomes.com

LIC 01005021

KATHLEEN WINTER

on the successful representation of the Seller at 4595 Avenue Del Mar, Listed for $12,500,000.

KATHLEEN WINTER 805.451.4663

Kathy@KathyWinter.com

www.SantaBarbaraBeachHomes.com LIC 01022891

NANCY KOGEVINAS

on the successful representation of the Buyer at 618 Hot Springs Rd, Listed for $9,00,000; & the Buyer at 472 Santa Rosa Ln, Listed for $4,495,000.

NANCY KOGEVINAS 805.450.6233

Nancy@Kogevinas.com

www.MontecitoProperties.com

LIC 01209514

MARSHA KOTLYAR

on the successful representation of the Seller at 835 Laguna St, Listed for $4,950,000.

MARSHA KOTLYAR

805.565.4014

Home@MKGroupMontecito.com

www.MontecitoFineEstates.com

LIC 01426886

on the successful representation of the Buyer at 902 Mission Canyon Rd, Listed for $2,947,000.

THOMAS SCHULTHEIS

805.729.2802

SBRealtorTom@Gmail.com

www.RealSantaBarbaraEstates.com

LIC 01847740

TAKE A TOUR TODAY at bhhscalifornia.com

conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

© 2022 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including

ADU 1bd+1ba, 926sf HUGE VIEW DECK, SOLAR POWER, 2 CAR GARAGE Samarkand Charm, Views & Legal ADU!

2712 EL PRADO ROAD, SANTA BARBARA | $2,400,000

OWNER’S UNIT 2bd+1ba, 1,394sf | SUE IRWIN Top 3% Worldwide Berkshire Hathaway Agents 805.705.6973 SueIrwinrealtor@gmail.com Realtor©, DRE# 01413354&

A Pirate Treasure Map

Hitching Posts: Sentinels of the Past

Iwas only researching the history of a house on East Haley Street for my Great House Detective column in July 2021. But something unexpected happened, and I ended up wandering all over Santa Barbara. The house on Haley has an old sandstone hitching post on the front parkway. The homeowners are especially proud of their post. I wondered how many hitching posts we still had and where they were.

While writing my Way Back When series of history books, I had noticed that hitching posts were disappearing. “Hitching posts along State Street must go,” announced a local paper in 1914.

“This morning, the street department started a crew … digging the posts out of their concrete foundations. … Posts which have been doing duty for numerous years have disappeared.”

By 1916, it seemed that there were hardly any places to hitch a horse downtown. A rancher appeared before the City Council to ask for more parking for horses. “I drove in town yesterday … for half an hour, we looked the place over for a hitching post. We looked up one street and down another … Is that fair for the horse or the farmer?

… I believe that at least one street should be named where the horse will be respected.” But by 1920, a local paper proclaimed, “The day of the hitching post has passed.”

The Hitching Post Hunt Begins

My search led me to Mary Louise Days, co-author of Santa Barbara: A Guide to El Pueblo Viejo. She told me about a hitching post survey that she had originated and supervised for the city’s Planning Division in 1975. The surveyor was Gregory Borba, who traveled around our

streets and documented all the hitching posts he could find.

“Why hitching posts?” I asked Ms. Days. “I had always admired the sandstone hitching posts as historic features,” she told me. “The posts are very emblematic of Santa Barbara.”

Historian John Woodward gave me the documentation for the 1975 survey. So, I decided to find the hitching posts that remained. I am not the only person interested in hitching posts. When I posted on Facebook about my hitching post hunt, nearly 100 people responded. A big “thank you” to all you folks!

It’s not known how many hitching posts there had been in Santa Barbara when the horse was king. But by the 1940s, people began to feel nostalgic for the good old days. In 1942, someone counted as many as 265 hitching posts here. The next survey not until 1975 counted only about 160. I visited all the locations listed on that survey and found about 131 of them. However, I did find 16 that were not listed on the 1975 survey, so we still have about 147 remaining. Why don’t the figures add up exactly? Don’t blame my math skills. Some posts have been moved around, and some may be new.

One of the people who responded to my Facebook plea for help was Noah Gaines, who had surveyed the lichens on our hitching posts. He told me, “I was on paternity leave with my daughter and COVID had just hit. I wanted to get out of the house and go for adventures but couldn’t really go far. So instead, I made a pirate treasure map of all the hitching posts in my neighborhood while I pushed my daughter in her stroller.” You can find his survey at inaturalist.org, under the heading, “Lichen-Covered Hitching Posts of Santa Barbara.” His favorite? Yellow cobblestone lichen. So, keep an eye out for lichens the next time you walk past a hitching post.

I’m not listing the location of the existing posts because of concern about vandalism or theft. I have donated copies of my survey to the Santa Barbara Historical Museum and the City of Santa Barbara, where they should be available for public viewing.

HELP WANTED!

If you own a home that you would like to see in my Great House Detective column, contact me through my website: betsyjgreen.com. I’m looking for homes built 1920 or earlier, in the central area of Santa Barbara.

MISSION RIDGE, SANTA BARBARA CA 93103 |

VIEWS ON MISSION RIDGE

Originally constructed in 1966, this serene ranch style home is both private and rural, while being just minutes from downtown Santa Barbara and Montecito.

Featuring four bedrooms, and two-and-one-half baths, this approximately 2100 square-foot single-level home has dramatic mountain views framed by multiple French doors leading to a large private deck. Vaulted ceilings give the living room a sense of volume. Newly refinished oak flooring throughout most of the home give it a decidedly contemporary feel, while fireplaces in both the living and family rooms make it feel like home. Kitchen and baths are very functional as-is, yet offer an opportunity for one to make them one’s own. A large detached accessory structure would make an ideal home office, art studio, or home gym.

Additionally, the property has a large two-car garage, multiple citrus and stone fruit trees, is in the Roosevelt School attendance area, and is very near the Sheffield Open Space.

A jewel in the Cathedral Oaks Village, this property is set on 20 acres of park-like grounds including expansive greenbelts and towering trees. This charming home features 3 bedrooms plus an office in 1751 sq ft and includes many ideal features for single-level living.

Front and rear patios with colorful gardens offer privacy and relaxing havens. The open floorplan is highlighted by a large primary suite with vaulted ceiling and remodeled bath, a sunny guest bedroom and an office adjacent to a 3rd bedroom/bonus room.

Light and bright, the living room features a vaulted ceiling, a skylight, a cozy fireplace and gleaming wood floors. The spacious kitchen has a wonderful skylight, upgraded appliances, abundant cabinetry and a casual dining area. The owners have added new sliding doors and solar supported electric. Heat and AC provided by heat pump. Enjoy garden and greenbelt views from the formal dining room to complete the package. The expansive common area grounds offer walking paths to the large pool, clubhouse and tennis courts. There are also orchards full of abundant producing avocado and fruit trees, available to residents.

This community is well-located near shopping, beaches, UCSB and entertainment. Santa Barbara restaurants and entertainment are just 10 minutes away!

Association Amenities include: Large Pool, 2 Tennis courts, Clubhouse, Play area, Fruit orchard, and RV parking. Association Fee of $810/mo. includes water, trash, insurance, exterior maintenance

Your Mesa Realtors

THE RICHARDSON TEAM TO SELL YOUR HOME? Why Choose

LOCALLY OWNED AND OPERATED

5 STAR REPUTATION

40+ YEARS OF EXPERIENCE

OVER $1B IN CLOSED SALES

Enjoy complete privacy on this fabulous ~1 acre Montecito estate. Resting at the center of this property is a charming 2,300+ sq. ft. Craftsman style home originally built circa 1912. Today, it features modern amenities, and still retains its rustic charm. Located in MUS.

1-ON-1 SERVICE

HONEST ETHICAL ADVICE

Rare ocean front estate on the Mesa! This spectacular 4bed/4.5bath ultra-luxury property boasts ~5,100+ sq. ft. of living space resting on over 1/2 acre of prime California coastline. Enjoy unparalleled ocean views from every corner of this contemporary home. Must see in person!

1/2 acre ocean front in a life time opportunity a vacant piece of ocean located in one of Santa desirable neighborhoods. dream home to the that you desire. Panoramic

SANTA YNEZ

NEW LISTING | RIVIERA

NEW LISTING | RIVIERA

Rancho Cielo Vista

6BD | 6BA/1PBA | $6,295,000

3570Woodstock.com

PATTY MURPHY 805.680.8571

Ocean View Single Level Home

2BD | 2BA/1PBA | $3,575,000

1320MissionRidge.com

THE OLIVERS 805.680.6524

Upper Riviera, Panoramic Views

3BD | 2BA | $2,495,000

1005RobleLane.com

THE OLIVERS 805.680.6524

1704Cottonwood.com

GOLETA SOUTH

Sunny, Single-Level Condo

2BD | 1BA | $949,000

CaminoDeLaAldea.com

STEPHANIE WILSON 805.895.3270

Stunning Spanish Mediterranean Home

Step into luxury with this stunning Spanish Mediterranean home, boasting exquisite finishes throughout. Nestled on over 3 acres of land, the property o ers breathtaking views of the mountains, canyons, ocean, and city. The entry level features a spacious great room with a living area, dining room, and an entertainer’s kitchen, perfect for hosting guests. French doors lead to a trellised patio, ideal for al fresco dining and taking in the picturesque surroundings. Upstairs, you’ll find 3 bedrooms, including a primary suite with abundant built-in wardrobes, a cozy fireplace, a window seat with views, and a luxurious bathroom. The home also features unique forged iron work by Je Shelton on the front of the house and Flores Hardware throughout, including the staircase railing, fireplace doors, curtain rods, and lighting. Additionally, there is a detached Casitas of 500 sq ft (permitted) and a 150 sq ft shed, currently used as an o ce/library. The beautiful landscaping completes this delightful property.

• 3 bed + den; 2.5 bath

• Detached 500 sq.ft. casitas/ guest house

• 2,265 sq. ft. set on 3.35 acres

• Exquisite finishes

• Exceptional mountain, canyon, city & ocean views

• Renovated in 2014/2015

JUST SOLD ~ ELEGANT RESIDENCE IN THE LOWER VILLAGE

231

Each sale has a story. When you consider selling your home you need professionals with a proven track record. Our experience and dedication to our clients has placed us in the top 0.5% of all BHHS Agents Worldwide with over $750 million in Sales. We would be honored to earn your business and share with you how we have helped hundreds of sellers get top dollar for their homes. For a free home valuation or listing consultation, give us a call today.

THE MARKET IS CHANGING

Each new market presents unique challenges and opportunities. Working with a dynamic, innovative, and experienced team is critical to make your real estate dreams come true. Our team is committed to excellence and you can count on us to embrace change, innovate, and constantly improve. We have fun, inspire and celebrate each journey together!

FINE HOMES & ESTATES OF SANTA BARBARA

3,342 SF Home | 6,098 SF Lot | 4 BD, 3 BA | Offi ce, Family Room & Sunroom | Common Areas: Pool, Spa, Tennis Court, and Gated Entry

Wonderful location in a gated community offering coastal living and panoramic Mountain views on a peaceful cul-de-sac. Graced with beautiful French doors, dramatic high ceilings, oversized rooms, tall windows, and 3 stunning fi replaces. Contemporary and functional

fl oor plan includes a formal dining room, open kitchen, spacious family room with wet bar, welcoming living room and an offi ce. The elegant upstairs suite encompasses the entire second level with stunning Mountain views, en-suite bathroom with luxurious tub and separate shower, fi replace, dual walk-in closets, spacious sunroom and private balcony with peaceful treetop views. Direct access to the beach and More Mesa’s nature trails, golf courses, bike paths and shopping/restaurants.

Call us for a private viewing, or come by the open house this Sunday between 1-4 pm.

Welcome to 2726 Cuesta Road, a beloved 1927 Spanish Revival home perched atop the Samarkand Hills with the most desirable views of Santa Barbara. Measured at 3267 sq ft +- this three-bedroom, four-bathroom home even has an elevator to access all three levels. As you enter the wood and iron front door, you will stop in your tracks to pan the breathtaking views of the Santa Ynez mountains, Santa Barbara Mission, out to the Channel Islands. Reach back into Santa Barbara history with this home filled with Spanish architectural sophistication, including carved archways, original tile, wooden floors, extensive wrought-iron fixtures, Juliet balconies, and a private courtyard entrance surrounded by a low stucco perimeter wall. You will be captivated by the outstanding balance between indoor and outdoor living spaces, including a private pool and stone decking remodeled in 2015.

OPEN HOUSES

Goleta

373 Northgate Dr A, 3BD, 2BA, Sat 12-3, $995,000, Village Properties, Curtis Swan II 805-607-9709, DRE#02049218

681 Avenida Pequena, 3BD, 2BA, Sat & Sun

1-4, $1,395,000, Village Properties, Madisyn Graham 804-450-4032, DRE#02166282

San Roque

1250 Northridge Rd, 3BD, 2.5BA, Sun 1-4, $3,200,000, Berkshire Hathaway

HomeServices California

Properties, Lorie Bartron / Bartron Real Estate Group 805-563-4054, DRE#01005021

1333 Santa Teresita

Dr, 4BD, 4.5BA, Sun 2-4, $4,499,000, Berkshire

Hathaway HomeServices

California Properties, Erin Beck 805-708-0446, DRE#01488548

Hope Ranch

622 Via Trepadora, 5BD, 4BA, Sat 1-3 & Sun 1-4, $3,750,000, Berkshire

Hathaway HomeServices

California Properties,

Annette Vait / John Comin 805-886-1926 / 805-6893078, DRE#02044281 / #00662357

Santa Barbara

5085 Rhoads Ave #

F, 3BD, 2.5BA, Sun 2-4, $1,095,000, Berkshire

Hathaway HomeServices

California Properties, Lyndsey Jones 805-6802856, DRE#02125898

4664 Gerona Way, 3BD, 3BA, Sun 12-2, $1,225,000, Pacific Crest Realty, Staci Caplan 805-886-3970, DRE#01450103

608 Calle De Los

Amigos, 3BD, 3BA, Sun 1-3, $1,375,000, Berkshire

Hathaway HomeServices

California Properties, Ashley Anderson / Karin Ucer 805618-8747 / 805-403-7866, DRE#01903215

Saturday 2/4 & Sunday 2/5

401 Chapala Street #215, 1BD, 2BA, Sat 11-1 & Sun 1-4, $1,619,000, Epstein

Partners/Keller Williams, Steve Epstein 805-6899339, DRE#00994429

770 Camino Cascada, 4BD, 2BA, Sun 1-3, $1,700,000, Keller Williams, Marilyn Rickard 805-4528284, DRE#00576864

931 Mission Ridge, 4BD, 2.5BA, Sat & Sun 1-3, $2,000,000, Village Properties, James Krautmann 805-451-4527, DRE#01468842

2712 El Prado Rd, 3BD, 2BA, Sat & Sun 1-4, $2,400,000, Berkshire Hathaway HomeServices California Properties, Kit Peterson / Sue Irwin 805689-5535 / 805-705-6973, DRE#01413354

118 Coronada Circle, 2BD, 2BA, Sat 12-2, $2,495,000, Sotheby’s International Realty, Jason Siemens 805-455-1165, DRE#01886104

1074 Diamond Crest

Ct, 4BD, 3BA, Sun 1-4, $2,595,000, Berkshire Hathaway HomeServices California Properties, Kathy Strand Spieler 805-8956326, DRE#00851281

4414 Meadowlark

Ln, 5BD, 3BA, Sat 1-4 & Sun 1-3, $2,795,000, Berkshire Hathaway HomeServices California Properties, Georgette Owens / Katya Sheets

805-570-6138 / 805-7082323, DRE#02172408 / #02061444

8 Cedar Ln, 3BD, 2BA, Sun 1-3, $2,875,000, Berkshire Hathaway HomeServices California Properties, Brook Ashley 805-689-0480, DRE#01027187

1915 Garden Street, 3BD, 2BA, Sat 12-3 & Sun 1-3, $2,999,000, Epstein Partners/Keller Williams, Steve Epstein 805-6899339, DRE#00994429

4675 La Espada Dr, 3BD, 5BA, Sun 1-4, $3,799,000, Coldwell Banker Realty Montecito, Chris Harrington 805-689-7418, DRE#01019556

Montecito

1220 Coast Village Rd

#303, 2BD, 2BA, Sat & Sun

2-4, $1,495,000, Berkshire

Hathaway HomeServices

California Properties, Katya Sheets /Andrea Ruhge

805-708-2323 / 805-8955862, DRE#02061444 / #01965484

43 Seaview Dr, 3BD, 2BA, Sun By Appt Only, $3,195,000, Berkshire Hathaway HomeServices

California Properties, Kit Peterson 805-689-5535, DRE#02008932

920 Camino Viejo, 4BD, 4BA, Sat 1-4, $5,495,000, Berkshire Hathaway HomeServices California Properties, Sina Omidi 805689-7700, DRE#01944430

900 Toro Canyon Rd, 3BD, 3BA, Sat 1-3 & Sun 1-4, $5,995,000, Berkshire Hathaway HomeServices

California Properties, Andrea Ruhge / Atanas

Ivanov / Olivia Ruest / Marisa Garber 805-8955862 / 805-951-9518 / 805-331-7577 / 858-3378727, DRE#01965484 / #02172374

Carpinteria

1116 Linden Ave, 1BD, 1.5BA, Sun 12-4, $765,000, Village Properties, Justin Corrado 805-451-9969, DRE#01356799

1114 Linden Ave, 1BD, 1BA, Sun 12-4, $795,000, Village Properties, Justin Corrado 805-451-9969, DRE#01356799

1118 Linden Ave, 2BD, 2BA, Sun 12-4, $945,000, Village Properties, Justin Corrado 805-451-9969, DRE#01356799

1112 Linden Ave, 3BD, 2BA, Sun 12-4, $995,000, Village Properties, Justin Corrado 805-451-9969, DRE#01356799

1112-1118 Linden Ave, 6BD, 6BA, Thur 1-4 & Sat 1-4 & Sun 12-4, $3,295,000, Village Properties, Lynda Bohnett / Justin Corrado 805-637-6407 / 805-4519969, DRE#01268751 / #01356799

Santa Ynez Valley

22 Stanford Circle (Lompoc), 3BD, 2BA, Sat 1-3, $530,000, Village Properties, Patty Armor 805-350-4038, DRE#01320210

870 Entrance Rd, 3BD, 2BA, Sat 11-1 & Sun 12-3, $1,249,000, Village Properties, Lisa Allen 805705-3460, DRE#01242652

906 Hornbeck Pl, 4BD, 3BA, Sun 11-2, $1,395,000, Berkshire Hathaway HomeServices California Properties, Brenda Cloud 805-901-1156, DRE#01772551

470 & 472 Dogwood Dr, 5BD, 5BA, Sun 12-3, $1,495,000, Village Properties, David McIntire 805-315-8444, DRE#01897654

Realtors: submit your open house listings at INDEPENDENT.COM/ OPENHOUSESUBMISSIONS

1477 LA JOLLA STREET, CARPINTERIA

Located in the beautiful community of Carpinteria, this 4 bedroom, 2 bath home is situated on a 10,000 sq ft lot in a cul de sac with incredible mountain views. This home has been completely remodeled with large windows and a skylight in the living room which fills the home with an abundance of natural light. Other features include French oak hardwood flooring, a master bedroom addition, large master shower with dual sinks, updated electrical, plumbing, roof, two fireplaces, attached 2-car garage, and much more! If you're looking for privacy with no neighbors behind you on a quiet street with quality upgrades, look no further! Perfect for entertaining. Enjoy shopping at the nearby farmer's market, hiking, biking, or surfing in one of the Central Coast's best kept secrets!

PRICE $1,695,000

Featured Listings

Delivering concierge level service, always.

3 BD | 2 BA

Turnkey home in the heart of the Upper East. Relax on the large deck and in-deck spa that overlook the stunning Zen garden backyard.

Open Saturday 12-3 pm & Sunday 1-3 pm | $2,999,000

1 BD | 2 BA

Centrally located downtown condo with a Walk Score of 97. Exceptional natural light, French doors, top of the line appliances, and in-unit laundry.

Open Saturday 11-1pm & Sunday 1-4pm | $1,619,000

805.689.9339

TheEpsteinPartners.com

1235 Coast Village Road

1503 Chapala Street

Message From the President

1231 E. VALLEY ROAD

4 BD | 5 BA

New Montecito home awaiting its first chapter. This turnkey home offers all ensuite bedrooms, Viking appliances, wrap-around deck, and private backyard.

1231EastValleyRd | $2,699,000

3 BD | 3 BA

Luxurious El Encanto Heights single level home with 2,537 sq. ft. of living space. It features a generous primary suite and large family room/movie theatre.

229SanNapoliDr | $1,985,000

FAMILY MEMBERS SAY WAIT TO BUY?

Iheard some discussion this week from an agent on our team working with a buyer. I wanted to pass this along as I thought it was a great case of where we are now. He mentioned that the parents of the buyers were saying to wait to buy. Which as a parent or family member, being protective of their kids or extended family from an outsider could make sense. But let's dive deeper into this advice.

One focus of this advice was that rates were high. Considering that when they purchased, the rates were double digits is an interesting perspective in which they responded, "But the prices for homes were so much lower than." Ok, yes, but let's think about this. At that time, how much lower, 8-10-12x lower? If they had not purchased during that time with double-digit interest rates, would they not have gained 8-10-12x equity in their home? This, in turn creating generational wealth that they are now using to help their kids purchase today and the rate they have refinanced over time.

I would say there is not a buyer that I work with that, when getting into a transaction, feels a little

stretched or concerned about purchasing a property. This could be due to various reasons but always reflects whatever is happening in the market. My favorite is that most of those buyers talking to them 2, 3, and 4 years after are so happy they moved forward with the transaction and are loving their home, doing renovations, enjoying their equity and other homeowner benefits, and so happy "they don't have to buy now."

With a "frothy" market right now, I wanted to update everyone looking to buy and sell. Over the past 2-3 months, seasonality over the holidays, higher rates, low inventory, and a market seeming to slow down, not many properties had multiple offers; if they did, there were 2 to 3. There were and still are talks of recession which is understandable but also remember, recessions are usually months long and short-term pain or unknown. The market is shifting so much lately. Over the past week, there were three properties with a combined 49 offers. 22 on 1, 18 on the other, and 9. The interesting thing will be what is the delta of these multiple offers from the listing price to the final purchase price. Over the 2 years of

the hot market, these multiple offers pushed properties up to $500- $1 Million over the asking price. I am not sure where these three will land as they are still pending, but I feel it will not be as high of a delta with buyers being a little more cautious when going above asking as they were in the past hot market.

Properties that are showing and performing are well-priced first and foremost. Agents that have homes selling are working hard with their sellers to price the homes according to this market and stay up to date on current trends and local statistics. Our local SBAOR and brokerages work hard to supply the agents with up-to-date statistics. Networking with other agents and teams reveals a clear picture of what is happening up to the day, as this information is crucial in guiding clients. Most of these homes moving quickly are well done as most buyers don't have the cash to put into a large remodel after purchasing. If they need updating, the agents consider this with pricing accordingly. Local Real Estate agents are doing a great job counseling clients to prepare for the market and create successful outcomes not dependent on the condition of the home. Seeing multiple offers again on many properties is showing the strength of our market and the number of buyers still out there looking to purchase.

Todd Shea is the 2023 president of the Santa Barbara Association of Realtors (SBAOR). He is a California licensed real estate agent with the Zia Group powered by eXp Realty here in Santa Barbara. He has served on and chaired several committees within the SBAOR and served on its board of directors. Todd can be reached at 805.453.7730 and todd@ziagroup.com or message and follow @toddshearealtor on Instagram.

73 UNITS IN CAMARILLO | $31,500,000

FACTS

The Hacienda de Camarillo Apartments features a total of 73 units spread out over 8 buildings in a highly desirable area of Camarillo. This generational asset offers an ideal unit mix with 74% 2-bedroom apartments in 5 floor plans ranging from approximately 672 – 1,050 SF. Set on nearly 3 acres the community amenities include a pool, spa, onsite laundry room, and clubhouse. Abundance of off-street parking with a mix of tuck-under, carports, and uncovered spaces along with a 2-car garage. Central Camarillo location near Camarillo Premium Outlets as well as two major shopping centers, CSU Channel Islands, Camarillo Business Center Office Park and easy 101 FWY access.

and supply-chain issues.

GOING GREEN

One building company, Mighty Buildings, has produced the first 3D-printed net-zero home using printed components. The one sustainable drawback of its process, as well as that of all other 3D efforts, is that they use concrete for their walls. The production of cement, the binder in concrete, accounts for around 8 percent of all greenhouse-gas emissions worldwide. In addition to high embodied carbon, concrete has poor insulative properties. Fortunately, new concrete mixes are being fed into the 3D-printing nozzles that are showing promise of reducing emissions by half or more.

Homes of the Future?

One of my recent articles focused on the big potential of 3D-printed houses. However, the printing process used up until now has only created walls. Carpenters are still needed to install doors and windows, and build the roof. On the plus side, just printing wall panels produces walls of greater tensile and flexural strength and in half the time of traditional practices.

Modular building, panelized construction, and building with structural insulated panels (SIPs) have received attention as new technologies with potential to speed up production and reduce waste. Widely used in some countries, these innovations have been slow to be incorporated in the U.S. While 3D printing could just be another one of these new approaches, it could actually help solve the construction industry’s labor

The latest campaign in green building is to utilize materials that have low embodied carbon while avoiding materials such as spray and rigid foam, steel, and concrete all currently being used in 3D-printed houses. However, 3D printing may be on the cusp of conquering this challenge: The University of Maine has produced a prototype printed house made entirely of bio-based, low-carbon materials. The materials exuded by its printer are composites of wood fibers and bio-resins. About 60 percent of the material is wood flour by weight and the rest is resin. According to the team, this

building is fully recyclable. Another breakthrough with the BioHome3D is that all components floors, walls, and roof are printed and with high R-values (insulation values). Culminating decades of research by the university team, the printed material resists decay and rot because of the resin that prevents water intrusion. When it is time to recycle, the building can be ground up and sent through a printer to produce another house. Wall and roof sections are printed with an inner and outer layer connected by a truss-like reinforcement. The cavity between the two layers is filled with cellulose insulation. This design allows for increasing the wall thickness and improving the insulative performance as needed. Construction is a traditional industry, slow to change. It is, however, moving toward net-zero performance buildings. Maybe it will also start making houses that are carbon storage units.

SANTA BARBARA COUNTY SALES

This data is provided to The Santa Barbara Independent by an outside third-party source and represents a partial list of recorded residential sales in Santa Barbara County on the dates listed. While this information is public record The Santa Barbara Independent cannot guarantee the accuracy nor the completeness of this list.