Village Insight Spring 2011

SPRING 2011

Real Estate Market Insight

SPRING EVENTS listings, listings, listings LANDSCAPING YOUR PROPERTY Contest of the Month VILLAGESITE.COM

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Welcome toVi l l a g e Properties Village Properties was founded in 1996 with partners Renee Grubb and Ed Edick. Their objective was clear: To create a community conscious agency committed to excellence, integrity and teamwork. They succeeded. Their scrupulous standards, including hiring only experienced, full time agents, have attracted the finest real estate specialists in the Santa Barbara region. Village Properties is an exclusive affiliate of Christie’s Great Estates as well as being a member of the prestigious international Who’s Who in Luxury Real Estate and Leading Real Estate Companies of the World. A recognized leader in marketing distinctive properties both locally and globally, Village Properties’ success is a tribute their “service with integrity” philosophy.

1250 Coast Village Road, Montecito, California, 93108 (805) 969-8900 • (805) 969-8920 FAX info@villagesite.com • www.villagesite.com

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a letter

FROM t he EDITORS

Editors In Chief Renee Grubb Ed Edick

Managing Editors Chris Burns

Our Third Edition of “Village Insight” & Going Strong!

Contributing Editors Evan Knight, Kids’ Corner Shannon Walkup, Events Kelly McClean, Listings & Photos

Thank you to all who are enjoying our Third Edition of our Digital Magazine. We strive to bring you interesting articles and of course showcase our beautiful listings.

Creative Director Sara Downes

Design & Production Kelly McClean Terry O’Brien Shannon Walkup Marketing & Advertising Kelly McClean Digital Media Terry O’Brien Circulation & Subscriptions Terry O’Brien

Publisher

Village Properties 4050 Calle Real, suite 120 Santa Barbara, CA 93110 Phone: 805-681-8800 Village Insight is digitally published quarterly

by Village Properties, and made available to its subscribers and via its website. Subscriptions are free. To subscribe, please click here to fill out the subscription form.

Since our last publication we all have put the Holidays behind us and focused on a new year which is going by very quickly. We have embraced this new year with optimism and as we continue in these still challenging economic times we are seeing more stability in the Real Estate market in Santa Barbara County. Buyers are wanting to take advantage of the still low interest rates and Sellers are realizing that pricing is the key to getting their properties sold.

Occasionally it helps to reflect back in history to realize that these times will pass. The recession of 1973 to 1975 were times of high unemployment and high inflation. The recession in 1981 and 1982 brought interest rates in the 20s. The recession of the early 1990’s was similar to what we are experiencing now with lack of loans available to builders and developers as well as high unemployment.

Thankfully Santa Barbara housing has always recovered from tough times. We are fortunate to live in such a beautiful area and continue to attract new people and maintain those that already enjoy living here.

Our affiliate partner Christie’s has a name change. Their new name is Christie’s International Real Estate (formally Christie’s Great Estates) With the new name they have expanded their global exposure for those of us affiliated with them into more areas of Europe and Asia. We are proud to have this exceptional marketing tool to utilize for our listings.

We continue to do our best to fund our local Kindergarten through High School teachers through our non-profit “Teacher’s Fund”. With the increase in budget cuts we are experiencing more requests with most asking for basic needs for their classrooms.

We are proud of our agents and their hard work on behalf of you their clients. We are committed to bringing the best service to our agents and clients.

Renee Grubb

Ed Edick

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Spring 2011 | volume 03

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Stunning Ocean View Estate PAGE -----­­­­ 12

What Can I Do?

Helpful Seller tips on how they can help their Real Estate Agent Sell their house

Operation Prom Dress

Assistance League of Santa Barbara loans elegant gowns...for free!

Landscaping Your Property

How to Plant a Money Tree

The Collection

Browse through truly stunning properties, all available this spring.

Contest of the Month Village Listings Saks & the City IV

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Where Does the Santa Barbara Real Estate Market Stand?

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Village Agents

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Spring Events

Search all of Santa Barbara County and the MLS at our new website

Villagesite.com

SPRING 2011

Village Activity

A quick overview of our Sales over the past three months

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ON THE COVER

Landscaping Your Property

Spring Events

CONTENTS

Teddy Bear Cancer Foundation & Saks Fifth Ave Santa Barbara: Dice & Diamonds Casino Fundraiser

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Real Estate Market Insight

SPRING EVENTS listings, listings, listings LANDSCAPING YOUR PROPERTY Contest of the Month VILLAGESITE.COM

Stunning Ocean View Estate Commanding a serene hilltop, this newly-built Mediterranean estate offers 20± acres of unrivalled privacy & seemingly endless ocean & mountain views. All spaces are warm & intimate & at the same time ideal for entertaining.

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We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

All properties featured in Village Insight magazine are subject prior to sale, change, or withdrawal without notice. Village Properties, Inc. believes all material and editorial to be correct but assumes no legal responsibility for accuracy. Photography and material in the publication may not be reproduced in any form without the permission of Village Properties, Inc. Requests for permission should be directed to the publisher.

Printed in the United States. Copyright 9/10 by Village Properties, Inc.

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HAT CAN I DO TO HELP MY AGENT SELL OUR HOUSE?

This is a question that comes up frequently, especially when a property has been on the market for a while.

The situation is usually this. Your agent has done his/her part by exposing your home to as many potential buyers as possible. And you have helped in this regard by making the house available for open houses and selecting a proper listing price. But, so far, you haven’t received a good offer. You’re wondering if there’s anything at all you can do to change the situation. The good news is that yes, you can, and here are some suggestions.

First, lets consider the “Three D’s.”

You may have heard of these. They are: “disassociate, de-personalize, and de-clutter.” Perhaps you’ve done some, or all, of these. You may have begun to “disassociate” yourself from your home, to learn to think of your house as belonging to a buyer, not yourself.

You may have “de-personalized” the interior of your home by removing family photos and items that could be a distraction. You’ve even “de-cluttered” all the rooms by storing knickknacks and removing most of the contents of closets and cupboards. If you’ve checked off all three of these three d’s, congratulate yourself, because you’re on the home stretch and way ahead of most sellers. Now, what else can you do? Well, it’s time to enter the buyer’s mind and implant a desire to own your particular property.

Consider making a “path of attraction,” with the goal of enticing buyers onto 4 - VILLAGE INSIGHT

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by Dana Istre your property and into your home.

Studies have shown that buyers make up their minds to buy, or not to buy, within the first few moments of viewing a property, and that their decisions are often based on intangible impressions.

So, you want to sprinkle a path, or “trail,” of emotional goodies, kind of like a trail of yummy bread crumbs, to attract buyers. This trail will begin at your front yard, so it’s time to get in your car and do a drive-by.

Start by driving around your neighborhood, then drive past your property and take a quick look. Ask yourself: “would I want to buy this house? Would I have the desire to look inside?” If you don’t feel a strong urge to possess the property, then you’ve got work to do, and it starts with creating “curb appeal.” Many buyers want to drive by a property first before they decide whether or not to make an appointment to go inside.

And, the photograph that appears in the Multiple Listing Service and on the internet is usually the one of the front of your house. So, you can see that the beginning of your trail, the introduction to your property, is of primary importance. You may want to consult some of the many resources on how to update the front yard and façade of your house. Or, you can ask your Realtor about landscape designers who will come meet with you and offer suggestions for a set fee. Often, just some fresh plantings and a new

mailbox are all that are needed.

Now, pretend to be a buyer and go through the front door. As you enter your home, what kind of feeling do you get? Are you impressed? Do you feel like saying “hey, this is nice”? If not, do whatever it takes to create a “wow” factor. Again, there are articles and internet resources for decorating help. But, you may want to engage a professional stager. Statistics have shown that staged houses sell more quickly and for higher prices. Your Realtor can give you some recommendations. You may be surprised at how just a few changes can provide a lot of impact.

Moving along, as you enter each room, look through the eyes of your potential buyer. Is each room clearly defined as to its use? Is there a table and chairs in the dining room; is there a kingsized bed in the master bedroom?

Because buyers have little imagination, it’s helpful for sellers to eliminate any buyer doubts and to create a feeling of ease and comfort. Buyers want to be able to picture living in the house and allowing them the freedom to visualize doing that without distraction is your goal.

Finally, the last area your buyer will see is the backyard. This is where the trail ends and where the moment of “yes!” should occur for the buyer. If any doubts remain, they should be eliminated here, in the enchantment

Operation: Prom Dress Assistance League of Santa Barbara loans elegant gowns to local students...for free of your garden and patio. You should have comfortable furniture here so that buyers can relax, sit with their agent, and discuss making an offer.

Later, when your Realtor phones to say, “you’ve got an offer!” you can pat yourself on the back and know that you’ve done your part toward effecting a sale.

As you can see, getting a property sold is a cooperative effort between you and your Realtor. Even though your Village Properties agent will do everything in his/her power to make a sale happen, anything you contribute is a bonus.

And, that bonus can be a real one— extra cash in your hand at the close of escrow.

It’s never too late to take on the Three D’s or the Path of Attraction. Never too late. Have courage, and know that your Realtor will be out there working hard for you. Let your Village Properties agent take care of the process, and you can take care of the product—your home. It’s, as they say, a “win-win” for everyone.

Operated and Sponsored by the Assistance League of Santa Barbara, the League’s School Bell Store will be magically transformed into a Prom Dress Boutique. Featuring dresses over 500 dresses, ranging in all sizes, many by award winning designers such as Marc Jacobs, Rumors, Jessica McClintock and Jovani are available for loan to any local High School student, (regardless of economic need), attending their school Senior Prom. The Prom Dress Boutique will also offer: evening purses, clutches, wraps, shoes and jewelry on a limited basis.

Meredith Scott and Carla Reeves, Operation Prom Dress Co-Chairs stated: “We want to focus on the big ticket expense facing all girls during the prom season - the dress! Our thoughts are the girls come to the Prom Dress Boutique to find that beautiful and special dress. Since the dress is free the other embellishments become affordable making their Senior Prom experience even more special.

All dresses are loaned and to be returned to the League after Prom Night.

Each girl needs to produce a valid school ID. The Assisteens chapter of the Assistance League is made up of local teen volunteers. At a meeting of the Assisteens, the members decided to look into putting on fashions shows featuring the Prom Boutique Dresses at their High School.

The League receives many photos and notes from the girls after their Prom thanking the League Volunteers for making their Prom night so special.

Last year a Senior graduating from Dos Pueblos High sent a picture of her and her date in the dress borrowed from the Prom Boutique, saying that she had been voted in her year book as one of the “best dressed” girls at Prom.

The Boutique will be open during beginning April 9th through May 12th on Saturdays from 11-3pm and Wednesday from 4-7pm.

Dana Istre Village Properties 805-451-0033 My website is –––www.danaistre.com and I can be reached at dana@impulse.net

Located at 1259 Veronica Springs Road, (off Las Positas).

For more info, contact: Carla Reeves: carla@villagesite.com 805.689.7343

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Stunning Ocean View Estate 588 FREEHAVEN DRIVE MONTECITO, CALIFORNIA Commanding a serene hilltop, this spectacular Montecito estate offers roughly 20 acres of unrivalled privacy and panoramic ocean and mountain views as far as the eye can see.

Approximately 12,000 square-feet, this newlybuilt Mediterranean home encompasses exquisite spaces that are warm and intimate and at the same time ideal for entertaining. Wide windows and French doors in every room overlook the views and encourage idyllic indoor-outdoor living made possible by the area’s incredible Mediterraneanlike climate.

The long front drive arrives at a beautiful courtyard surrounded by lush and colorful landscaping.

Wrought-iron entry doors open to a gracious foyer with travertine floors and, through the living room’s grand picture window, a stunning ocean panorama. An antique limestone fireplace, French doors to a gorgeous patio and wide-planked handhewn oak floors add to the living room’s allure.

The family room and formal dining room, both with fireplaces and breathtaking views, lead to an impeccable chef ’s kitchen with a Sub-Zero refrigerator and freezer, a six-burner Viking stove with double ovens, three sinks, two dishwashers, a wine refrigerator, separate drinks refrigerator, and a large soapstone center island. An adjoining casual dining area opens to the covered outdoor dining room with a fireplace, electric heaters, and a professional grill. Off the kitchen is a gracious room ideally suited for an office.

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rivately sited on the main level, the master suite is a sumptuous retreat comprised of a comfortably spacious bedroom, custom-fitted his and her walk-in closets, and an inviting bathroom with an air-jet tub and a double-headed steam shower. French doors open from the bedroom to a terrace with a private spa tub and breathtaking coastline views. Adjacent, a handsome office has patio access and a fireplace.

Completing the main level is an elegant guest suite with French doors opening to a large covered veranda with soaring mountain vistas.

A remarkable spiral staircase ascends to two large guest suites, each with a view balcony. This same staircase also curves down to the lower level, host to a game room with a full wet bar and an exceptional wine cellar with space for approximately 3,000 bottles. From here, three sets of double doors reveal beautifully landscaped gardens that encircle a fountain, sparkling swimming pool, and spectacular one-bedroom guest house. A service driveway, a three-car garage, and ample guest parking are the finishing touches for this masterpiece of tasteful design.

Offered at $15,900,000 Rebecca Riskin 805.565.8600 rebecca@villagesite.com Visit page 17 for more details about this listing.

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LANDSCAPING YOUR PROPERTY How to Plant a Money Tree

by Alida Aldrich

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f you’re a seller - with a relatively small expenditure in refreshing the garden (doing some pointed pruning, clean-up and adding some ‘curb appeal’ plantings) you can reap huge rewards.

If you’re a buyer – seeing the potential in renovating or redesigning the existing landscape adds not just to the financial value of the property – but the invaluable pleasure of creating your own private space to enjoy nature, peace and quiet.

I feel strongly that landscaping is important – not just decorative – but important. Landscaping, when done well, not only ads value and beauty to a particular property, it impacts the neighborhood and the community. I see landscape

design as a distinct branch of the fine arts. It is the only art form that affects all of our five senses, therefore I feel landscaping is actually essential to our health and well being – emotionally and financially.

Having over twenty years of experience in designing award winning gardens (Montecito Beautification, Santa Barbara Beautiful and Santa Ynez Beautification) and having been published in California Homes, Coastal Living, Seasons, Santa Barbara and Montecito Magazines, what has taken me the most effort over the years - and what I’m most proud of is, that I’ve assembled the best team in Santa Barbara. I have the most talented, cost effective, trades people in the industry on my

team. I’m a small, independent, company that focuses on the client.

From the initial interview, thru the design, budget & installation phase, to the final inspection – I am the only one working with the homeowner.

My clients know, even if unconsciously, what they want.

They have some vague image in their mind of what their perfect garden would look like. They just don’t know the lingo to express it.

My job is to draw out information - translate that into a vision – add my design expertise - and create a space where they’ll want to spend time - out of doors.

To give you an idea of the landscaping process, we start with a Conceptual Design for the client’s input, go thru revisions to

Before

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get to a final plan. If needed for an Architectural Board of Review, we generate more detailed plans such as a planting, irrigation, grading, drainage and lighting plans.

‘ Landscape accounts

for 30% of the market value of a property.

Yet it can be the least costly ‘bang for your buck’ investment you make to a home.’

We can also produce working drawings to build garden structures such as pergolas, out door kitchens or fireplaces. With all these plans in hand, we move to the budgeting phase then on to removals, grading, building structures, and finally the installation of the plant material and lighting.

My first design decision takes its cue from the building’s architecture: whether it’s traditional, contemporary, Mediterranean or Asian – the garden must compliment the architecture.

Occasionally landscaping can be useful in taking the eye away from unfortunate architecture.

My second design decision is to observe, respect and borrow from the surrounding landscape. I design with permanence in mind, so it has to fit in - if a garden is well designed, it will last.

There’s an obvious aesthetic element to consider regarding proportion, scale, form, color, texture, movement, and a home for wildlife. But there are also technical considerations that dictate a design: an understanding of existing site conditions, environmental, water and energy constraints, being aware of fire hazards & soil erosion is essential to a sustainable landscape.

Being experienced with plant material is a given - their growth habits & sun exposure is basic to a successful installation. As an example, I wouldn’t use the same plant palette on a beach side property on Padero Lane as a home in The Riviera or property

in Santa Ynez – plant specification can be complicated.

There are also logistical considerations such as location of structures, patios, paths, pools and other water features. Lastly, there are budget considerations and follow-up maintenance costs to think about. Landscaping can be expensive – it needs to be done right – the first time.

Landscaping is an easy way to increase the sales price of a home your putting on the market, and the fun part of enhancing the value and pleasure for a buyer of a new home. Dig In!

Alida Aldrich The Aldrich Company 805-969-3391 My website is www.aldrich-landscapes.com and I can be reached at alida@aldrich-landscapes.com

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Saladino Villa Montecito, Ca

Originally designed by architect, Wallace Frost, and crafted of local

stone in the 1920’s, the Saladino Villa was restored by designer John Saladino. See Saladino Villa, 2009. Offering 6 bedrooms, 9 fireplaces, 2 parcels, 13+ ocean view acres, pool, 1 bedroom attached guest apartment and “parklike” gardens. Juxtaposing light and dark, old and new, classical and modern with the timeless interiors that reflect Saladino’s style.

Offered at $24,500,000 Mitchell Morehart 805.565.4546 cvrmitch@aol.com

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Vineyard & Winery Estate Santa Ynez, Ca

This 103 +/- acre view property in Happy Canyon provides spectacular residences coupled

with a premium 26 acre vineyard and a compact winery. The 7,000+/- sq. ft. Main House and 1000 +/- Guest House are complemented by a 2,000+/- sq. ft. Managers House, Winery and Garage complex. All these buildings are tile-roofed in a Mediterranean style. The 26 +/- acres highly rated vineyard is planted to Bordeaux, Syrah and Sangiovese varietals.

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Offered at $16,500,000 Carey Kendall 805.689.6262 carey@villagesite.com

Ocean & Mountain Views

MONTECITO, Ca

Commanding a serene hilltop, this newly-built Med estate offers 20+/- acres of unrivalled privacy and seemingly endless ocean and mountain views. All spaces are warm and intimate and at the same time ideal for entertaining. 4 bedrooms in main house (1st floor Master), formal Living Room and Dining Room, game/media room, exquisite wine cellar (3,000+/bottles) plus 1-bdrm guest house & pool.

Offered at $15,900,000 Rebecca Riskin 805.565.8600 rebecca@villagesite.com

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Majestic Mountaintop Ojai, Ca

Perched atop of Sulphur Mountain Road in Ojai, newly built Spanish

style home exudes refined elegance in naturally rugged & extremely private/serene setting. STUNNING panoramic views of mountains & ocean, boasts 100+ ac, over 7,200 sqft with lots of outdoor terrace.

Spanish colonial mission style with superb craftsmanship. Pool, spa & barn-great for orchard/equestrian development.

Offered at $15 ,000,000 Natalie Grubb-Campbell 805.565.8879 natalie@villagesite.com

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Wayne Natale 805.680.7227 waynen@villagesite.com

OCEANFRONT ESTATE MONTECITO, Ca

Nestled with in the renowned beach community & historic gated enclave

of Fernald Cove is a very private beach front estate, known affectionately as “Villa Pelican”. Situated on .7 acres offering +/- 6,700 sq ft of living space, the estate is a true example of Monterey Colonial style arch. With exceptional ocean, island & mountain views. 115’ +/- of gated beach frontage with cabana & guest house complete this estate.

Offered at $13 ,250,000 Natalie Grubb-Campbell 805.565.8879 natalie@villagesite.com

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Exquisite Estate Montecito, Ca

Exquisite Montecito - located at the top

of a private, gated drive, this property has breathtaking Pacific Ocean & Channel Island views. Appointed w/the finest finishes, the expansive floor plan is perfect for entertaining or a quiet evening at home.

Offered at $11,500,000 Susan Pate 805.895.9385 susanpate@montecitolifestyle.com

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European Country Estate Montecito, Ca

Originally built in 1918, this European

country estate has been lovingly restored with impeccable attention given to every detail. Located steps from Montecito’s Upper Village on 1.6 lush, quiet, mountain view acres. 5 bedrooms in the main house + 2 superb guest houses, 2 swimming pools, romantic historic gardens, and extensive outdoor entertaining areas!

Offered at $9,690,000 Rebecca Riskin 805.565.8600 Rebecca@Villagesite.com

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Stunning Views

Mountain & ocean views, this newly constructed (2010), &

expertly designed 5 bedroom Mediterranean estate is located in Montecito. Approx 1.25 acres feature an infinity pool, guest house/ pool house, gated entry drive and elegant motor court. Sure to impress!

Offered at $9,755,000 Rebecca Riskin 805.565.8600 rebecca@villagesite.com

Laurel Springs Ranch

Located 15 minutes into the hills above Santa Barbara. Nearly 160 acre property is has its own spring, ocean & mountain views, spacious main house, 11 bedroom lodge, yoga room, theater, barn, arena & trails, gym, solar heated pool and spa & 5 separate land parcels.

Offered at $9,500,000 DeAnn Willson 805.451.4788 DeAnn@GreenHomesSB.com

Elizabeth Wagner 805.895.1467 Elizabeth@Villagesite.com

English country

English country manor on 1.8 acres, privately hidden behind garden hedges with ocean & mtn views. 7 bedrooms & 7 baths with state of the art amenities. Pool with spa, sitting areas, an outdoor fireplace & lawn wraps around the estate.

Offered at $8,995,000 Rebecca Riskin 805.565.8600 rebecca@villagesite.com

Spanish Colonial Estate

Masterfully crafted estate with equestrian facilities and breathtaking

ocean views. Thick sun-washed walls, deep-set windows & richly hand forged antique window guards. Each room, a culmination of exquisite artisan design & treasured items of antiquity.

Offered at $7,950,000 Loyd Applegate 805.565.8874 Loyd@Villagesite.com 22 - VILLAGE INSIGHT

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Watch Hill Vineyard & Ranch

Approx. 122 ac., the Main home is 4,000+/- sq.ft. Constructed

as a traditional manor house with beautiful features throughout.

Pool, 3 car garage, equestrian facilities, employee housing, a 18+/vineyard. Exquisite vistas surrounding hills and vineyards.

Offered at $7,900,000 Carey Kendall 805.689.6262 carey@Villagesite.com

Oceanfront Paradise

Enjoy all the pleasures living on the beach! A beautiful & tranquil

cove with panoramic ocean, island, coastline, & mountain views, rests this 3 bed/2 bath oceanfront home. Ideally located on 2.2 acres in the exclusive & gated Sand Point Beach enclave.

Offered at $7,600,000 Rebecca Riskin 805.565.8600 rebecca@villagesite.com

Exceptional Golden Quadrangle

Gently rolling 3.64+/- acres property of a traditional style 4/3 home with full guest house and pool accessed by a long driveway affording total privacy and ocean, island and mountain views. Room for tennis court or horse facilities.

Offered at $7,500,000 Emilie McMinn 805.689.2726 emcminn661@aol.com

Montecito’s Golden Quadrangle

Unobstructed ocean, island & harbor views are found in this impeccably updated Plantation style estate on 6 private acres.

Approx. 7000 square feet in the main house with 3 bedroom suites; include a generous master with fireplace & views.

Offered at $5,950,000 Natalie Grubb-Campbell 805.565.8879 natalie@villagesite.com

Brian Campbell 805.683.7351 brian@villagesite.com VILLAGE INSIGHT

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Spanish Mediterranean

Recently completed single level ocean view Medit. masterpiece

with 5 bedrooms, formal living & dining, many fireplaces, library, walnut floors, chef ’s kitchen/family rm, outdoor entertainment at its finest, spa & top of the line everything!

Offered at $5,495,000 Gregg Leach 805.565.8873 gregg@Villagesite.com

Padaro Lane Beach Cottage

Adorable cottage sits above the sand in a premiere ocean front enclave. Nearly one half acre with almost 100 feet of beachfront.

Enjoy it as it is or take advantage of plans designed by Neumann, Mendro for a stunning two story beach home with expansive views.

Offered at $5,295,000 John Henderson 805.689.1066 johnh@villagesite.com

Private Montecito

Newly built French Farmhouse on one lush acre of landscaped grounds and pathways. Home designed by Hall Pardoe features exquisite custom details throughout. Consists of a main house, guest house and additional guest quarters w/office above a 3 car garage.

Offered at $5,195,000 Sheela Hunt 805.698.3767 sheela@villagesite.com

Birnam Wood

This home sits on one of the best lots in this golf community.

Ocean, island, golf course, & mountain views; gracious, gourmet kitchen with dining area that opens to family room, laundry room, 2 car garage. Covered porch, pool/spa, open patio with fireplace.

Offered at $4,975,000 Cecilia Hunt 805.895.3834 cecilia@villagesite.com 24 - VILLAGE INSIGHT

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Donald Hunt 805.895.3833 dbhunt@cox.net

Ranch Estate

Beautiful 20+ acres boasting a 3 bedroom, 4.5 bath home. Gourmet

kitchen with 2 large islands, walk-in pantry, great room, wood floors, Master suite includes 2 walk-in closets. Office, gym, media room, lots of storage. Large stable, legal 2nd rsdnce. Exceptional Views!

Offered at $4,750,000 Carey Kendall 805.689.6262 carey@Villagesite.com

Rare Find

In the Santa Ynez Valley, Main Residence approx. 6,500 sq.ft.,

Includes 4 other residences, 3 barns totaling 58 stalls, 2 arenas, 2 hot walkers, hay storage and a 5,700 sq.ft. utility barn. Fenced and Cross fenced, irrigated pastures, paved driveway with gated entrance.

Offered at $4,500,000 Rebecca Riskin 805.565.8600 rebecca@villagesite.com

Wayne Natale 805.680.7227 waynen@villagesite.com

Prime Ballard Canyon Road

Main residence remodeled, features gourmet kitchen, family/

living room, formal dining room, 2 family rooms, informal dining area, upstairs master suite, downstairs children/guest wing, laundry & gym rooms, wine cooler/tasting room. Pool & BBQ areas.

Offered at $4,495,000 Carey Kendall 805.689.6262 carey@villagesite.com

Up A Private Lane

Gatley Manor is a tastefully remodeled Montecito estate with

understated formalism. Main house has 3 bedroom suites with interiors that exhibit elegance including a grand master bedroom with fireplace, views of the grounds, a gracious bath.

Offered at $4,395,000 Natalie Grubb-Campbell 805.565.8879 natalie@villagesite.com

Brian Campbell 805.683-7351 brian@villagesite.com VILLAGE INSIGHT

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Villa Farfalla

Montecito beach location of old world charm of highest quality

and finish. The lavish spacious floor plan boasts a dramatic entry with wrought iron doors & staircase, soaring ceilings, formal dining, gourmet kitchen, library, state of the art home theater, & wine cellar.

Offered at $4,750,000 Carolyn Wood 805.565.8880 carolynwood@cox.net

Susan Pate 805.895.9385 susanpate@montecitolifestyle.com

Granada Tower - 7th Floor

This cherished home is perched above the masterfully restored

Granada Theater, where a wealth of world-class events & museums are steps away. Incredible 360-degree views of the city, mountains, harbor, and coastline are found at every turn.

Offered at $4,000,000 Tim Walsh 805.455.5833 tfwnsb@aol.com

Gated & Private

Beautifully designed 4 bedroom, 4.5 bath home and 5 room

guesthouse on one acre of gardens with spa. Main floor master suite with 2 baths & 2 walk in closets, expansive living and dining room, spectacular deck, media room, 200+ bottle wine closet, large kitchen.

Offered at $3,999,000 Ruscha Robbins 805.259.7441 itsruscha@cox.net

unparalleled privacy & serenity

Heavenly views of the mountains & sea from this exceptional 5+/- acre Montecito estate. Sophisticated elegance, this graceful Mediterranean home boasts an open & versatile floor plan with master on the first level & three additional bedroom suites downstairs.

Offered at $3,990,000 Rebecca Riskin 805.565.8600 rebecca@villagesite.com 26 - VILLAGE INSIGHT

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romantic Mediterranean

On 7 acres with olive trees. 10,000 +/- of home, garages & shop.

4 bedrooms, 5.5 baths, large kitchen, formal living & dining rooms, & library. 4 fireplaces. Game room, gym, media room, steam room and future wine room ~ Beautiful salt water swimming pool / spa.

Offered at $3,795,000 Carey Kendall 805.689.6262 carey@villagesite.com

Prime Montecito location

This Elegant New England country style residence offers a main

residence full of natural light, formal dining & living room, spacious family room with soaring ceilings, wood floors, well appointed kitchen, five fireplaces and romantic master bedroom.

Offered at $3,750,000 Carolyn Wood 805.565.8880 carolynwood@cox.net

Impeccably rebuilt home

On A stunning, gated oasis remodeled to combine open, spacious indoors with a tropical outdoor paradise through walls of vanishing glass. Master Suite retreat blends tranquility with a spa bathroom & steps out to the pool, spa & calming outdoor living room.

Offered at $3,495,000 Adrienne Schuele 805.452.3960 aschuele@cox.net

Stunning 360째 Views

3 separate parcels! 25 +/- acres. Parcel A = 6 acres with 2600 +/-

Sq. ft. with 2 bedrooms, 2 baths, ocean, city & island views, office, 3 fireplaces, pool & hot tub. Parcel B = 13 ac. with existing Guest cottage. Parcel C = 6 +/- acres of vacant land, views, ready to build!

Offered at $3,450,000 Patty Armor 805.350.4038 patty@villagesite.com

Jenae Johnson 805.452.9812 jenae@jenae-johnson.com VILLAGE INSIGHT

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Peaceful Hope Ranch Home

Flair, style & a flowing floorplan are just a few of the highlights of this 4,900 +/- square foot home surrounded by lush landscaping, a sparkling pool & a family fruit orchard in the heart of Hope Ranch.

Remodeled with elegance & comfort. GREAT Outdoor space!

Offered at $3,395,000 Adrienne Schuele 805.452.3960 aschuele@cox.net

Classic Monterey Colonial

Classic Monterey Colonial designed by J. Plunkett in 1935, 4

bedrooms, living and dining rooms with fireplaces & French doors leading out to the lawn & 75’ pool, paneled library & remodeled kitchen/family room, water well and meter.

Offered at $3,295,000 Gregg Leach 805.969.8900 gregg@villagesite.com

Ed Edick 805.565.8866 ed@villagesite.com

Mediterranean Masterpiece

Luxurious estate in Montecito. Heavy wooded beamed ceilings,

hand artisan plaster and tiled archways. Gourmet kitchen with Sub Zero and Miele appliances. Private & spacious rooms, pool area and garden. Parklike backyard oak groves and mountain views.

Offered at $3,295,000 Darin Guglielmo 805.698.8260 darin@villagesite.com

French contemporary

Private, gated, remodeled estate near Montecito’s lower village.

Spacious main house with 6 bedrooms, 4 baths + 2 bedroom guest house. High ceilings, crown moldings, 2 family rooms, formal dining room, cook’s kitchen, grassy lawn, pool & lush landscaping.

Offered at $3,295,000 Sheela Hunt 805.698.3767 sheela@villagesite.com 28 - VILLAGE INSIGHT

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villagesite.com

CONTEST

OF THE

MONTH Can you guess where this photo was taken?

Submit your answers to: contest@villagesite.com Your name will be entered in a drawing for a gift certificate to Kyoto, Japanese Restaurant.

Deadline to submit your answers is June 30th For thirty plus years the corner of State Street and Las Positas has been a place for sushi. Kyoto has withstood the test of time while other restaurants have come and gone. It is a quaint place with not much parking but, that does not stop visitors form packing the place on any given night. They have several booths along one wall that face the highly desired tatami rooms. Kyoto caters to the dinner date for two and to the party of 12 or more for birthdays or other celebrations. Groups plan well in advance to make sure they can reserve a tatami room for their special occasion.

Sake bombs are one of the highlights of being sat in a tatami room. Your server will participate with the group in this Japanese tradition. They also have a very comfortable sushi bar where you can interact with the chefs. The chefs are very inviting and friendly. The chefs have also put together an incredibly diverse and tasty menu.

They have a wonderfully complete menu from sushi to steak. They have no less than thirty "special" rolls on the menu at any given time. Some

favorites are the San Roque roll. This roll contains tuna, salmon, yellow tail, masago, gobo, and avocado. This roll is lightly fried and then served with Kyoto's spicy sauce. It may take a couple of bites to get each slice of this roll down because it is not your normal roll. There is the 911 roll. This roll is a tuna lovers delight. It is a spicy tuna roll that is topped with alternating tuna, salmon, and avocado. The roll is then served with a spicy orange sauce. The lobster roll is also a favorite. It is what you would expect from the name but, there are huge chunks of fresh lobster in this roll that is then covered with a sweet and spicy sauce for the perfect combination of flavors. The menu, however, does not stop there. There are several selections from the Hibachi section. All kinds of Teriyaki from steak to Salmon. They have Korean Barbe-que short ribs with Kyoto's special sauce. From there the menu continues on with multiple noodle dishes. All of which are fantastic. They also have several tempura and tofu entrees.

Kyoto has been run and owned since 2004 by the Kim family. There are an absolute delight. On any given night you will see at least one of them there and possibly all three. They take great pride in their food and their business.

Diners get the feeling as though they have entered the Kim's home and are treated like very welcomed guests.

For more information or to look at their menus please visit www.kyotosb. com. We would like to thank them for being a sponsor of our "where in Santa Barbara contest" in this issue of Village insight.

Kyoto 3232 State Street Santa Barbara, Ca 93105 (805) 687-1252

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Relax by the Pool Exquisite Estate $11,500,000 (page 16)

2661 Todos Santos Lane

698 El Rancho Road

4 BD/5.5 BTH Offered at $2,985,000 Lee Walsh, 805.886.0660

2 BD/2.5 BTH Offered at $2,750,000 Wade Hansen, 805.689.9682

3 BD/4 BTH Offered at $2,595,000 Don & Cecilia Hunt, 805.895.3833

2108 Summerland Heights

6508 Camino carreta 4 BD/3.5 BTH Offered at $2,495,000 Vickie/Sharon 805.695.7264

75 la Vuelta

4 BD/4 BTH Offered at $2,390,000 Rebecca Riskin, 805.565.8600

1528 Miramar beach c

3791 Live oak road

3165 Eucalyptus Hill Road

4 BD/4 BTH Offered at $2,595,000 Patrica Griffin, 805.565.4547

1 BD/1 BTH Offered at $2,195,000 Gregg Leach, 805.886.9000

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3 BD/3 BTH Offered at $2,195,000 Jonee Hanson, 805.455.6175

2076 China Flat

4 BD/3.5 BTH Offered at $2,150,000 Lynn Golden, 805.570.5888

550 Bell Street

3790 Roblar avenue 4 BD/4 BTH Offered at $1,995,000 Carey Kendall, 805.689.6262

6 BD/7 BTH Offered at $1,995,000 Carey Kendall, 805.689.6262

5588 Campbell Road

940 Canon Road

520 East Mountain Drive

616 east valerio street

130 East Mountain

431 Corona Del Mar

2 +/- acres, commercial property Offered at $2,100,000 Judy Crawford, 805.588.1425

6 BD/5 BTH Offered at $1,898,000 Virginia Cline, 805.448.5769

6 BD/4.5 BTH Offered at $1,850,000 John Bahura, 805.680.5175

4 BD/3 BTH Offered at $1,895,000 Gregg Leach, 805.886.9000

3 +/- acres, pool, solar panels Offered at $1,850,000 Colleen Parent Beall, 805.895.5881

3047 west hwy 154

1.8 acres, breathtaking views Offered at $1,995,000 Rebecca Riskin, 805.565.8600

6 BD/6 BTH Offered at $1,795,000 John Bahura, 805.680.5175

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520 PLAZA RUBIO

219 EQUESTRIAN AVENUE

1608 Las Canoas Road

928 olive street

2 BD/2 BTH Offered at $1,795,000 Dianne Johnson, 805.455.6570

2 BD/2 BTH Offered at $1,750,000 Julie Barnes, 805.683.7392

3 BD/2 BTH Offered at $1,695,000 Bridget/Paul, 805.886.1300

4 BD/2 BTH Offered at $1,690,000 John Henderson, 805.689.1066

1213 Bel Air Drive

4 BD/3.5 BTH Offered at $1,595,000 Adrienne Schuele, 805.452.3960

4233 Rancho Asoleado

1760 North Refugio

259 San Rafael Avenue

1435 Sycamore Canyon

4 BD/4TH Offered at $1,595,000 Judy Crawford, 805.588.1425

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3 BD/2 BTH Offered at $1,595,000 Ron Williams, 805.637.5699

4 BD/ BTH Offered at $1,595,000 John Henderson, 805.689.1066

3 BD/2.5 BTH Offered at $1,495,000 Vickie/Sharon 805.695.7264

1599 North Refugio Road

805 Marcelino Drive

2860 Baseline Avenue

1080 Camino Del Retiro

511 Miramonte Drive

2229 State Street

156 eucalyptus hill circle

2566 Banner Avenue

612 Alston Road

3 BD/2 BTH Offered at $1,529,000 Barbara Morr, 805.245.0455

3 BD/2.5 BTH Offered at $1,495,000 Regina Magid, 805.451.1994

3 BD/2.5 BTH Offered at $1,400,000 Mary Lu Edick, 805.565.8871

4 BD/3 BTH Offered at $1,499,000 Carey Kendall, 805.689.6262

2 BD/2 BTH Offered at $1,495,000 Joan Roberts, 805.448.0526

3 BD/3.5 BTH Offered at $1,395,000 Susan Pate, 805.895.9385

5 BD/4 BTH Offered at $1,495,000 Judy Crawford, 805.588.1425

3 BD/2.5 BTH Offered at $1,430,000 Tim Allison, 805.331.0230

3 BD/3.5 BTH Offered at $1,395,000 Jim Witmer, 805.448.3921 VILLAGE INSIGHT

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527 East Micheltorena St

272 Dawlish Place

652 east valerio street

633 Tabor Lane

4 BD/2 BTH Offered at $1,395,000 Gregg Leach, 805.969.8900

4 BD/2 BTH Offered at $1,300,000 Kim Hultgen, 805.895.2067

4 BD/3 BTH Offered at $1,295,000 John Bahura, 805.680.5175

4 BD/3 BTH Offered at $1,295,000 Wade Hansen, 805.689.9682

319 west ortega

3 BD/4 BTH Offered at $1,295,000 Susan Jordano, 805.680.9060

115 Coronada Circle

1620 Garden Street

1101 Alston Road

704 Chiquita Road

5 residential units Offered at $1,295,000 Bridget/Paul, 805.886.1300

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4 BD/3 BTH Offered at $1,250,000 Lynette Naour, 805.705.6539

2 BD/2.5 BTH Offered at $1,295,000 Carey Kendall, 805.689.6262

2 BD/2 BTH Offered at $1,245,000 Joan Roberts, 805.717.0450

3025 highway 154

2697 Santa Barbara 4 BD/3 BTH Offered at $1,195,000 Wayne Natale, 805.895.4406

3 BD/3 BTH Offered at $1,150,000 Jim Witmer, 805.448.3921

3430 Los Pinos

1655 Cougar Ridge Road

2494 shelby street

2712 Samarkand drive

635 Grove Lane

410 Mountain Drive

3 BD/3 BTH Offered at $1,195,000 Judy Crawford, 805.588.1425

3 BD/2 BTH Offered at $995,000 Jenae Johnson, 805.452.9812

4 BD/4 BTH Offered at $1,050,000 Phyllis/Lynette, 805.886.2342

3 BD/3 BTH Offered at $1,149,000 Wayne Natale, 805.895.4406

5 BD/3 BTH Offered at $1,049,000 Vickie/Sharon 805.695.7264

718 Westmont

3 BD/2 BTH Offered at $1,070,000 Jim Witmer, 805.565.8601

4 BD/2 BTH Offered at $1,049,000 Robert Kemp, 805.259.6318

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0609-26

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805-898-4200

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0609-26

NEW THIS YEAR...

Dice & Diamonds Casino!!!

(BRING YOUR SIGNIFICANT OTHER & KEEP HIM OR HER BUSY IN THE CASINO, WHILE YOU ENJOY YOUR "GIRL'S NIGHT OUT") Purchase your tickets for one of Santa Barbara's most anticipated events of the year!

Enjoy: Mini Makeovers & Massages, Extraordinary Live Auction Items, Shopping, The New Dice & Diamonds Casino and Music by DJ FAB! Also: Delectable Hors d'oeuvres and Sweets, Saks-tinis and Teddy-tini's & Introducing Blush's Signature Drink: The Love Potion Preselect your spring wardrobe, accessories and even cosmetic purchases on April 7th, 2011- with 10% of all proceeds benefitting TBCF.

AUCTION PRE-VIEW: First glimpse & bidding opportunity for our exclusive SBIFF celebrity autographed “Hope for Kids” Ty Warner Bear coming soon to eBay. Surfari and Hawaiian BBQ at Hollister Ranch with Kelly Slater  Laguna Beach Weekend Getaway  Beverly Hills Beauty Makeover with Cristophe  Channel Island Surf Retreat with Shaun Tomson 

Check our website for updates... lots to come!

www.teddybearcancerfoundation.org

SAMARKAND TRI-PLEX 3 BD/2 BTH, $999,000 Julie Barnes, 805.895.9498

RECENTLY REMODELED 3 BD/2.5 BTH, $999,000 Christina Ruelas, 805.452.9931

MEXA TRI-PLEX 3 UNITS, $979,000 Lynn Bauersfield, 805.698.4766

LOVELY HOME 4 BD/2.5 BTH, $949,900 Marta Weeks, 805.689.0410

OCEAN HILLS PUD 3 BD/2.5 BTH, $949,000 John Sener, 805.331.7402

INVESTMENT PROPERTY 3 UNITS, $940,000 Judy McDermott, 805.705.9879

1920’S CRAFTSMAN 5 BD/4 BTH, $929,000 Natalie Grubb, 805.895.6226

LUXURY CONDO 2 BD/2 BTH, $895,000 Kelly Knight, 805.895.4406

NEWLY PRICED 4 BD/3 BTH, $895,000 Wayne Natale, 805.680.7227

OPPORTUNITY KNOCKS 2 BD/2 BTH, $895,000 Kelly Knight, 805.895.4406

CROWN JEWEL 4 BD/3 BTH, $885,000 Elle Seymour, 805.688.8858

ADJACENT TO BILTMORE STUDIO, $875,000 Bridget/Paul, 805.455.8055

STUNNING 3 BD/3 BTH, $875,000 Jennie Bradley, 805.886.6644

DOWNTOWN 3 BD/2 BTH, $875,000 Judy Mansbach, 805.570.5555

INSPIRING VIEWS 2 BD/2 BTH, $875,000 Elle Seymour, 805.688.8858

STUNNING 2-STORY 4 BD/3 BTH, $845,000 Gail Shannon, 805.448.7887

BEAUTIFUL PROPERTY 4 BD/3 BTH, $839,000 Nancy Rizzo, 805.403.2700

SUNSET VIEWS 3 BD/2 BTH, $825,000 Louise McKaig, 805.637.4774

FIRST CLASS 2 BD/2 BTH, $725,000 Vickie/Sharon, 805.695.7264

ENTERTAINER’S DREAM 3 BD/2 BTH, $799,000 John Bahura, 805.680.5175

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DOWNTOWN LIVING 3 BD/3 BTH, $799,000 Priscilla Bedolla, 805.680.7146

GREEN ENERGY HOME 4 BD/3 BTH, $779,000 Sharon Wilson, 805.570.1551

LA PURISMA ESTATES 3 BD/2 BTH, $785,000 Barbara Morr, 805.245.0455

WELCOME HOME 4 BD/3 BTH, $735,000 Barbara Morr, 805.245.0455

EVERYTHING TURN-KEY! 4 BD/3 BTH, $699,000 Nancy Rizzo, 805.403.2700

EXPANSIVE BACKYARD 3 BD/3 BTH, $679,000 Chris Salvetti, 805..705.4040

VILLA SAN MARCOS 3 BD/2.5 BTH, $659,000 DeAnn/Elizabeth, 805.451.7488

VIEJA VALLEY 3 BD/2 BTH, $649,000 Ian Haggerty, 805.452.1647

SYCAMORE RANCH HOME 3 BD/3 BTH, $615,000 Patti Armor, 805.350.4038

CASA LA CUMBRE 2 BD/2 BTH, $599,500 John Bahura, 805.680.5175

POLO CONDO 3 BD/2 BTH, $565,000 Susie Mayberry, 805.565.8884

LIVE IN PARADISE 1 BD/1 BTH, $565,000 Florence Formby, 805.695.7268

CALIFORNIA COTTAGE 2 BD/2 BTH, $560,000 Ron Madden, 805.284.4170

BEST LOCATION 3 BD/2 BTH, $560,000 Alyson Spann, 805.637.2884

PRICED TO SELL! 3 BD/2 BTH, $550,000 Sharon Wilson, 805.570.1551

DUPLEX 2 BD/2 BTH, $549,500 JoAnn Pomatto, 805.705.3798

SPACIOUS HOME 4 BD/3 BTH, $549,000 Wayne Natale, 805.680.7227

GREAT OPPORTUNITY 3 BD/4 BTH, $549,000 Barbara Morr, 805.245.0455

INCREDIBLE VIEWS 4 BD/2 BTH, $539,900 Patti Cottier, 805.680.0769

NESTLED IN A VALLEY 2 BD/2 BTH, $530,000 Nancy Rizzo, 805.403.2700

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MESA LIVING 2 BD/1.5 BTH, $529,000 Thomas Johansen, 805.886.1857

CLASSIC CRAFTSMAN 2 BD/2 BTH, $519,000 Judy Crawford, 805.588.1425

POLO CLUB 2 BD/2 BTH, $485,000 Mike Long 805.304.5664

GREAT PRICE! 2 BD/1.5 BTH, $479,000 Hugo Mendez, 805.570.9198

POLO CONDO 1 BD/1 BTH, $459,000 Susie Mayberry, 805.565.8884

GREAT OPPORTUNITIES COMMERCIAL, $450,00 Nancy Rizzo, 805.403.2700

BEACHSIDE CONDO 1 BD/1 BTH, $439,995 Kim Crawford, 805.886.8132

DOWNTOWN COTTAGE 3 BD/1 BTH, $439,000 Bob Curtis, 805.683.7333

CHARMING COTTAGE 2 BD/2 BTH, $425,000 Loyd Applegate, 805.570.4935

MEDITERRANEAN 2 BD/1.5 BTH, $425,000 Gail Shannon, 805.448.7887

UPSTAIRS UNIT 1 BD/1 BTH, $420,000 Mary Lu Edick, 805.565.8871

ARROYO CASERIO 2 BD/2 BTH, $419,000 Aaron Gillies, 805.895.1877

MOVE-IN READY 1 BD/1 BTH, $419,000 Ann Harkey, 805.565.8897

BEAUTIFUL REMODEL 2 BD/1.5 BTH, $419,000 Barbara Savage, 805.455.1933

LIGHT AND BRIGHT 2 BD/2 BTH, $419,000 Carla Reeves, 805.689.7343

MOUNTAIN VIEWS 2 BD/2 BTH, $249,000 Daniel Warnars, 805.680.2712

UPDATED & POLISHED 1 BD/1 BTH, $240,000 Cara Gamberdella, 805.680.3826

MOTIVATED SELLER 3 BD/2 BTH, $209,000 Daniel Warnars, 805.680.2712

OPEN & BRIGHT 2 BD/1 BTH, $198,000 Mike/Tim, 805.304.5664

RANCHO SANTA BARBARA 1 UNIT, $149,000 Mike/Julie, 805.304.5664

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villagesite.com

WHERE DOES THE SANTA BARBARA REAL ESTATE MARKET STAND?

by Carol Kruckenberg

I

t’s a new year and the Monarch butterflies are getting ready to leave their home at the Preserve. Wonder if they check their version of Homes and Land to find the place where they are going to live. If real estate decisions could only be that simple!

The following is a short dissertation on the Santa Barbara real estate market.

There are different sources that provide information on the market. This article is based on information provided by members of the Santa Barbara Multiple Listing Service which provides a fairly accurate picture of what is happening in our real estate world. The boundaries of the reporting area are between and including Goleta and Carpinteria.

Let’s first review the year-end information for 2010. The number of

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sales for houses/PUDs (which stands for “planned unit developments” but henceforth will just be mentioned as “houses”) was up almost 8% and condo sales were up 1.6% from the year before. Part of this increase can be explained by the Federal Housing Tax Credit that ended June 30, 2010.

The year-end median price for 2010 was $850,000. This is up a bit from the previous year’s median of $845,000.

The increase in the overall sales and median price is positive news for our market.

The number of pending sales v. the number of active listings in the last 30 days reflects the approximate amount of time to sell the current inventory which is referred to as “months of

villagesite.com

inventory.” As of the end of the year, months of inventory was 6.8 months, which represents a fairly stable market.

Looking at the price at which a house actually sold in 2010 was quite a bit lower than the original list price at the time the property initially went on the market. (Selling price was 82.6% of original list price.) To sell a house quickly, it needs to be well priced at the onset with considerations of condition and location. Sellers and their agents need to really review the market prior to determining a list price for the property if a quick sale is desired.

On the other hand, the selling price for condos was very close to the original list price. It appears that condos are being priced more aggressively than houses.

On Chart 1, there is information on the number of high-end properties and distressed sales in 2010. This chart has the percentage of high-end sales broken down by two categories; over $1 million and then over $2 million.

The numbers are fairly close comparing year-to-year except for the over $10 million which was twice as many sold in 2010 than in 2009.

The chart also indicates the number of distressed sales. These are sales that have either gone through as short sales (which are those sales that are less than the amount owed the bank) or as bank foreclosures, often referred to as REOs (real estate owned by banks). For both houses and condos, the chart is broken down by sales price, total number of sales and then how many of each distressed properties per price range per year.

Chart 2 looks at the yearly median price over the last decade. It indicates that our median pricing for houses was slightly inflated compared to the previous year. In fact, the median

is just 0.6% over 2009’s median.

Looking to the past, 2010’s median is very comparable to the 2003 median.

The median for condos decreased 6.5% from the previous year. It is also just a tad higher than the 2002 median.

Moving into 2011, we have final numbers for January and we are moving along through February, though any statistics for February would be premature for this writing.

Many of January sales went into escrow during the holiday season which is traditionally a slow time and our number of sales reflect that. Our median house price for January 2011 was $819,650 with 42 closed sales. For condos, the median price was $382,000 with only 16 closed sales. The median price for a single month is not very meaningful considering how few sales we had in that time period. Over the course of the year, we should be able to get a firmer grasp on the direction of the median price.

We are seeing the months of inventory for houses at 6.9 months which is

consistent with our stable market. The months of inventory for condos is a bit higher at 7.9.

Agents feel that the market is moving in the right direction. Leslie AppletonYoung, Chief Economist for the California Association of Realtors, has indicated that 2011 will be a “reasonable year” and that there will be a very modest increase in the median price, around 2%.

Everyone’s situation is different; the time must be right for you in the decision to buy or sell. If you foresee being in the market in the near future, it is best to contact your Realtor for information to stay on top of the local real estate trends.

Carol Kruckenberg Village Properties 805-705-9297 My website is www.carolkruckenberg.com and I can be reached at carolkru@verizon.net

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V illage Properties  Lan d Lots

RARE OPPORTUNITY!! $6,300,000 Ocn & mtn view estate site on Montecito’s East Mtn Dr. 11+/- acres (2 parcels) of privacy & panoramic views, offers incredible potential for a buyer.

Rebecca, 565-8600/John, 570-9454

SWEEPING OCEAN VIEWS $1,850,000 Site of the Schott/Sheatsley home in the SB Architecture book. 3 acre grassy knoll top w/ infinity pool, spa, waterfall, cantilevered terrace, paths, orchard & Solar Panels!

Colleen Beall, 957-0043

MOUNT CALVARY $4,500,000 Coastline vws, privacy, huge expanses of flat land. 360° views,19.4-acre knolltop parcel is where the Mount Calvary Monastery once stood.

Bridget Murphy, 886-1300

Paul Suding, 455-8055

John Falkner, 570-9454

FLAT TOP PARCEL $1,695,000 Mountain Views from this usable flat top parcel. Currently a container plant nursery - Ag Zoning, 2’’ water meter.

Currently in the Williams Act/AG preserve. Two parcels.

Carolyn Wood, 886.3838

NEW LISTING $795,000 Beautiful views from this 1.07 acre parcel at the end of Holly Road. Seller has his plans or build your own dream home. Tea fire lot with some improvements.

Ron Madden, 284-4170

Kim Hultgen, 895-2067

MOUNTAIN & OCEAN VEWS $995,000 1.7 acres w/mtn & ocean view. All utilities underground. soil & survey reports & preliminary plans for 5,000 sq. ft.home are avail. Mtn View SD. Seller may finance lot.

Regina Magid, 451-1994

BALLARD MEADOW RANCH $595,000 Parcel A of PM 14,649. This is the first lot on the right as you enter Ballard Meadow Ranch from Baseline. Previously a part of 1775 Still Meadow Road.

Wayne Natale, 688-1620

BEST SITE IN MONTECITO $3,900,000 White-water ocean, harbor, and mountain views up San Ysidro Canyon. At the end of the road. Not on the market since 1982.

Ted, 886-1175/Ed, 565-8866 OUTSTANDING $2,900,000 Harrison Design Assoc, for a classic Italian Mediterranean Villa, 5,400sq. ft., + pool & cabana, Land Use permit ready, considerable site and landscape improvements completed, MUSD.

Wade Hansen, 689-9682 NEW LISTING $2,500,000 In the Santa Barbara foothills on 4+ pristine acres. panoramic ocean views. Specimen trees, oak groves, hiking paths all on a private, gated lane called Las Montanas.

Bridget Murphy, 886-1300

Paul Suding, 455-8055 NEW LISTING $1,995,000 Enchanting Montecito estate. Approx.

1.8 acres, ocean & mtn views & private.

An excellent opportunity. Conceptual drawings for a 4500 sq ft residence.

Rebecca Riskin, 565-8600

John Falkner, 570-9454 ENNISBROOK ESTATE SITE $1,995,000 Ocean view parcel (1.5+/-acres) w/ fully approved plans by Don Nulty, in Montecito’s prestigious gated community Ennisbrook.

Rebecca Riskin, 565-8600

PANORAMIC PARCEL $995,000 45 acres w/level pad located behind prvt gates in Mont. foothills awaits pioneering spirited buyer looking for seclusion.

John Henderson, 689-1066

LA RAMANA ESTATES STARTING AT $795,000

A dream 20 years in the making - A rare opportunity to build your dream home in an exclusive gated community in the Santa Barbara Foothills.

Dianne Johnson, 455-6570

Renee Grub, 689-2004

BUILD YOUR DREAM HOME $375,000 Build your home over looking the Foxen Cny Wine Trail. Views of vineyards, mtn and city lights. Level to gently sloping 13+ acres. Prvt well. Located on a gated private, country road.

Margie Yznaga, 294-5050

NEW LISTING $900,000 Hollister Ranch Opportunity. 1/3 undivided interest with Ag employee building right.

Subject to co-tenancy agreement. Bring your family to the Ranch! Jenae Johnson, 452-9812 WINE COUNTRY GATEWAY! $849,000 Tree lined 10+/- fabulous acres with water & utilities, one of the best land values near the Ballard Cyn wine trail! Potential seller financing!

Carey Kendall, 689-6262

Jenae Johnson, 452-9812 ONE OF A KIND - MUST SEE! $799,000 Visit www.SchulteLane.com for a virtual tour. Additional lots of 1.8 acres available.

Call listing agent for details.

Darin Guglielmo, 698-6280

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CRAIG ABREU (805) 695-7282

VIVIEN ALEXANDER (805) 695-7260

JANE ALEXANDER (805) 000-000

LOYD APPLEGATE (805) 565-8874

WAYNE BARKER (805) 565-8886

LYNN BAUERSFELD (805) 565-8890

MARCY BAZZANI (805) 565-4542

COLLEEN BEALL (805) 000-000

NICOLE BYRNES (805) 565-8898

BRIAN CAMPBELL (805) 565-8550

SHANDRA CAMPBELL (805) 565-8872

TED CAMPBELL (805) 565-8875

RUTH CARTER-KOSH (805) 565-8892

VICKIE CRAIG (805) 695-7264

THOMAS DABNEY (805) 565-8608

ED EDICK (805) 565-8866

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MARY LU EDICK (805) 565-8871

SHARON FISHER (805) 695-7265

FLORENCE FORMBY (805) 695-7268

DIANA FORNAS (805) 895-2777

AARON GILLES (805) 695-7267

PATRICIA GRIFFIN (805) 565-4547

NATALIE GRUBB (805) 565-8879

RENEE GRUBB (805) 565-8868

WADE HANSEN (805) 565-4552

ANN HARKEY (805) 565-8897

DAVID HECKHOUSE (805) 565-8619

JOHN HENDERSON (805) 565-4545

KIM HULTGEN (805) 695-7270

CECILIA HUNT (805) 565-4554

DON HUNT (805) 565-4555

SHEELA HUNT (805) 565-8864 VILLAGE INSIGHT

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DANA ISTRE (805) 695-7269

THOMAS JOHANSON (805) 565-4558

SUSAN JORDANO (805) 565-4544

SARAH KELLY (805) 8611

ROBERT KEMP (805) 695-7263

DAVID KIM (805) 695-7273

BRIAN KING (805) 695-7272

DINA LANDI (805)565-8863

GREGG LEACH (805) 565-8873

GAYLE LOFTHUS (805) 565-8615

MICHELLE MABARDY (805) 565-8609

RON MADDEN (805) 565-4541

BILLY MANDARINO (805) 683-7384

SUSIE MAYBERY (805) 565-8884

EMILY MCBRIDE (805) 683-7359

EMILIE MCMINN (805) 565-8896

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BIRGITTE MICHAELSEN

(805) 565-8602

MARILYN MOORE (805) 565-4543

MITCHELL MOREHART

(805) 565-4546

HELGA MORRIS (805) 565-4551

BRIDGET MURPHY (805) 565-8605

CHARLENE NAGEL (805) 565-8878

BEVERLY PALMER (805) 695-7261

ELBERTA PATE (805) 565-4549

SUSAN PATE (805) 565-4548

PAMELA REGAN (805) 565-4556

REBECCA RISKIN (805) 565-8600

LYNN ROLLINS (805) 565-8617

CHRISTINA RUELAS (805) 565-4559

BARBARA SAVAGE (805) 565-4540

JOHN SENER (805) 565-8867

GLORIA VAUGHN (805) 565-8862 VILLAGE INSIGHT

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ELIZABETH WAGNER (805) 683-7388

LEE WALSH (805) 565-4553

TIM WALSH (805) 565-8881

ROB WILLIAMS (805) 695-7277

JIM WITMER (805) 565-8601

CAROLYN WOOD (805) 565-8880

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JACKIE WALTERS (805) 565-4598

“Scientia Potentia eSt” “Knowledge iS Power”

subscribe to the new, free, VILLAGE INSIGHT digital magazine and increase your real estate knowledge with our highly informative articles. also, take delight in the entertaining feature articles.

Share it with friends & family!

!Click on the link for your FREE subscription!

www.villagesite.com

Kids’ Corner Hi my name is Evan Knight and I have some ideas where you and your family can go that are located in and around Santa Barbara.

I like to go to the beach and surf, boogie board or skim board. I’ve also tried stand-up paddle boarding. The beach is a great place to take my dog, River. He loves to play fetch in the ocean. Sometimes you also see dolphins really close to the shore. I also like to hike or go to the Botanical Gardens with my dog.

Santa Barbara usually isn’t too hot or too cold and it’s filled with nice people.

It’s such a beautiful place to live — the other day I woke up and saw snow in

the mountains! I also like all the great parades like Summer Solstice and Fiesta. And my mom took me to the Santa Barbara Bowl last year to see Jack Johnson - that was really cool.

I go to a great elementary school (Washington Elementary) with a super-good view — we can see the ocean! It’s a great place to play soccer. I play soccer after school and I also play Club Soccer. We practice at Elings Park, which is really nice. I also like to play Ultimate Frisbee after school with my friends.

Even when I’m not outside, Santa Barbara has a lot of fun things to do. I like to bowl at Zodos Bowling and Beyond or go to the movies.

We have a lot of good movie theaters.

TIM ALLISON (805) 683-7330

JOHN BAHURA (805) 683-7370

AMY BAIRD (805) 683-7314

JULIE BARNES (805) 683-7392

PRISCILLA BEDOLLA (805) 683-7374

RACHAEL BISSIG (805) 683-7369

TOBY BRADLEY (805) 681-8116

CINDY CAMPBELL (805) 683-7349

GAIL COOLEY (805) 683-7379

KIM CRAWFORD (805) 681-8132

BOB CURTIS (805) 683-7333

CAROLENE DAVIS (805) 681-8118

NICOLE DINKELACKER

JOHN FAULKNER (805) 683-7358

CAROLYN FRYER (805) 681-8126

JOHN GAFFNEY (805) 681-8119

(805) 681-8110

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CARA GAMBERDELLA (805) 683-7336

DARIN GUGLIELMO (805) 683-7361

IAN HAGGERTY (805) 683-7367

TIFFANY HALLER (805) 683-7383

ROSS HARRIS (805) 683-7397

ROBERTA HEWSON (805) 683-7385

DIANNE JOHNSON (805) 683-7375

CAROL KELLER (805) 681-8117

TONI KIRALY (805) 681-8115

KELLY KNIGHT (805) 683-7362

ANDRIANA KOLENDRIANOS

CAROL KRUCKENBERG

JUNE LAULA (805) 683-7351

PHYLLIS LENKER (805) 683-7376

MIKE LONG (805) 565-8618

(805) 681-8124

(805) 683-7345

REGINA MAGID (805) 683-7396 VILLAGE INSIGHT

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JUDY MANSBACH (805) 683-7329

LOUIS MANZO (805) 683-7346

SUSAN MANZO (805) 683-7395

JUDITH MCDERMOTT (805) 683-7364

LOUISE MCKAIG (805) 683-7393

HUGO MENDEZ (805) 681-8130

JANINE MICHAUD (805) 683-7324

BRYAN MUNOZ (805) 681-8114

LYNETTE NAOUR (805) 683-7389

JOANN POATTO-GOMEZ

(805) 683-7380

CARLA REEVES (805) 683-7341

JOAN ROBERTS (805) 683-7323

MARTY RODGERS (805) 681-8111

RUSCHA ROBBINS (805) 695-7262

CHRIS SALVETTI (805) 683-7387

ADRIENNE SCHUELE (805) 683-7371

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GAIL SHANNON (805) 683-7338

NANCY SOMBERG (805) 886-2102

ALYSON SPANN (805) 683-7331

STEPHEN STITH (805) 683-7368

NINA STORMO (805) 681-8112

PAUL SUDING (805) 683-7377

JENISE TREMBLAY (805) 683-7378

DANIEL WARNARS (805) 681-8120

MARTA WEEKS (805) 683-7311

DEANN WILSON (805) 565-8610

SHARON WILSON (805) 683-7390

MARGIE YZNAGA (805) 683-7334

DIANNE YOUNG-PORNISH

(805) 681-8121

Village Properties, Santa Barbara VILLAGE INSIGHT

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LISA ALLEN (805) 705-3460

PATTY ARMOR (805) 350-4038

JENNIE BRADLEY (805) 886-6644

CHARLOTTE BREDAHL

VIRGINIA CLINE (805) 448-5769

PATTI COTTER (805) 680-0769

JUDY CRAWFORD (805) 588-1425

JONEE HANSON (805) 455-6175

JENAE JOHNSON (805) 452-9812

LYNN GOLDEN (805) 570-5888

CAREY KENDALL (805) 689-6262

CONNIE MEYNET (805) 680-6001

BARBARA MORR (805) 245-0455

WAYNE NATALE (805) 680-7227

NANCY RIZZO (805) 403-2700

ELLE SEYMOUR (805) 680-6677

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(805) 350-4444

JERRY SWANITZ (805) 689-6631

KRISTY WHITE (805) 6373723

Village Properties, Santa Ynez

Spring Events

There’s always plenty to do in and around Carpniteria to Santa Yenz during Spring. Go ahead and explore!

SANTA BARBARA

For more information go to www.sbcountywines.com

66th Santa Barbara International Orchid Show March 11th - 13th (9am - 5pm) Earl Warren Showgrounds

Earth Day Festival April 16th -17th Alameda Park

Theme: “Get your kicks with orchids!”

March 11-13, 2011, Tickets: $12 adults; $10 seniors/students with ID; free for children 12 & under with paid adult. Tickets are available at the Box Office during the show; tickets are also available through Ticketmaster.

“Powered by the People” is the theme for 2011 Earth Day Festival, which features about 250 ecofriendly exhibitors. Entertainment for all ages.

For more information call (805) 963-0583 ext.100 or visit www.SBEarthDay.org

Contact: www.sborchidshow.com or (805) 403-1533 Kite Festival April 10th (11am - 4pm) Santa Barbara City College A day of flying...friendly competition, including, kite fighting, sport flying, most beautiful, highest flying and largest flying. Bring your own or purchase one on site.

For more information, call (805) 963-2964 or visit: www.sbkitefest.com

Lotusland Spring Twilight Tour April 23rd Montecito Lotusland opens its gorgeous gardens at twilight, a lovely time of day when this unique 37-acre estate and botanic garden isn’t usually open to the public.

Special tour includes wine and hors d’oeuvres.

For more information call (805) 9699990 or visit www.lotusland.org or email reservation@lotusland.org Santa Barbara Fair and Expo April 27th - May 1st Earl Warren Showgrounds

2011 Vintners’ Festival Weekend April 15th - 18th The main event is the Vintners’ Festival - a festive outdoor environment on Saturday, April 16th from 1 to 4pm.

The Festival features the wines of our 130+ members of the Association, live and lively music, a silent auction and wine country cuisine by the area’s finest chefs.

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This year’s theme is “The Land of Ahhhhs,” and there is always plenty of action; carnival rides, delicious treats and unusual livestock are only a few things to expect.

villagesite.com

For more information visit www.sbfairandexpo.com

Nite Moves May 4th Leadbetter Beach Every Wednesday night beginning May 4, take part in swimming, running and biathlon events.

For more information call (805) 564-8879 or visit www.runsantabarbara.com Annual Santa Barbara Sea Festival Tentative Date: Saturday, May 14, 2011 10 AM - 5 PM Santa Barbara Maritime Museum and Harbor Admission: TBD eMail: museum@sbmm.org More Info: http://www.sbmm.org Live Oak Music Festival June 17, 2011 The Live Oak Music Festival is a three day concert and camping event held every year on Father’s Day weekend in the hills above Santa Barbara, California. 100% of Live Oak proceeds go to support KCBX Public Radio!

Summer Solstice Celebration Parade Date, Saturday June 25th Festival June 24th, 25th & 26th The theme for 2011 is “Jungle”. The Summer Solstice Parade features more than 1,000 parade participants, complete with extravagant floats, whimsical costumes and creatively choreographed dancing ensembles.

For more information go to www.solsticeparade.com

SANTA YNEZ VALLEY Santa Ynez Valley Historical Museum March 5th - June 5th free!

This year featuring Ronald Reagan Centennial Celebration “Days in the Western Whitehouse” on display through June 5th.

Solvang Century & Half-Century Bike Ride March 11th - 12th One of the largest and well known Century bike rides in the United States with over 4000 riders.

For more information go to www.solvang100.com Solvang Heritage Trails Dedication March 16th Please join us in honoring Solvang’s cultural heritage by attending the first of twelve themed monthly ceremonies that will dedicate historical sites and points of interest along Solvang’s emerging Heritage Trail. Dedication ceremonies will take place throughout the Village of Solvang on the Third Wednesday of each month throughout the Centennial year.

For tickets and schedule of events, call (800) 468-6765 or visit www.solvangusa.com Taste of Solvang - Walking Smorgasbord March 19th 11 AM - 4 PM

Hans Christian Andersen’s 206th Birthday April 1st Join the Museum’s annual anniversary celebration. Randel McGee, strolling about town in the guise of Andersen.

Rolling Through the West - 2011 Carriage Symposium April 7th - 10th

Features 40+ taste stops around the quaint European village of Solvang.

The 2011 Carriage Symposium presenting notables like Kenneth Wheeling, Michael Sanborn, Art Perry, Doug Hansen and more at the Santa Ynez Valley historical Museum.

Admission: $30 Taste of Solvang - Wine Tasting Walk March 19th 5 AM - 8 PM Savor the Wine Tasting Room Walk in Downtown village of Solvang with 9 local venues pouring their vintages into your souvenir Taste of Solvang etched wine glass.

18th and 19th Century Spanish Colonial and Mexican Art Exhibit April 18th - 19th Exhibit and tour of Mission Art Tours scheduled every hour .

Admission: $40

19th Annual Taste of Solvang March 18th - 20th Solvang The 3 day festival includes food and wine celebrating Solvang’s rich culinary and cultural heritage.

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Village Activity Village Properties, the largest locally owned real estate firm in Santa Barbara County, is a beehive of activity. With over 150 dedicated, professional and experienced agents, it’s no wonder so many clients are helped each and every day with their real estate transactions.

Here’s a quick overview of how our agents have been assisting their clients over the past three months.

415 HOT SPRINGS RD

$7,900,000

904 SKYVIEW DR

$1,295,000

447 LANAI RD

$6,800,000

2296 LAS TUNAS RD

$1,449,000

3475 MARINA DR

$4,950,000

3155 EUCALYPTUS HILL

$1,195,000

1368 VIA VENETO

$3,495,000

5110 CATHEDRAL OAKS

$1,150,000

4733-4735 SAN ANTONIO CT $3,995,000

5925 OLIVERA CANYON

$1,799,999

1232 SHORELINE DR

$2,250,000

55 SEAVIEW DR

$1,095,000

117 W MASON ST

$1,750,000

531 HIGH GROVE AVENUE

$920,000

117 WEST MASON

$1,750,000

4874 8TH ST

$849,000

2710 SYCAMORE CANYON $1,795,000

1817 SANTA BARBARA ST

$995,000

1585 RAMONA LANE

$1,895,000

4973 LA GAMA WAY

$799,000

7744 KESTREL LN

$1,425,000

5566 CALLE OCHO

$849,000

1019 CAMINO DEL RETIRO $1,499,000

6212 COVINGTON WAY

$739,000

1309 PLAZA PACIFICA

7739 JENNA DRIVE

$679,000

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$1,395,000

4666 MALAGA CIR

$709,000

705 W MISSION ST

$649,000

3952 FOOTHILL RD

$589,000

4744 CALLE CAMARADA

$559,000

5041 RHOADS E AVE

$532,000

948 MIRAMONTE 1 DR

$409,000

2629 STATE 3 STREET

$417,000

330 POR LA MAR CIR

$399,000

5966 BIRCH 3 ST

$235,000

945 WARD 196 DR

$295,000

4025 STATE ST

$199,500

4025 STATE 47 ST

$110,000

3950 VIA REAL 92

$129,000

520 PINE 40 AVE

$89,000

1210 CACIQUE 13

$89,000

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VISIT + MOVE + LIVE Santa Barbara County’s breathtaking coastline, friendly locals and endless outdoor activity make it a perfect vacation destination.

So much so, that every year over 6 million people visit our fine city and surrounding areas. And some of them take it one step further - they relocate to make Santa Barbara County their permanent home.

The following websites are provided to assist you in your journey. Whether you plan to visit, move and/or live in Santa Barbara or its neighboring cities, we hope you find the provided links helpful and enjoyable to peruse.

SB County Website This site is a must go-to whether you are visiting, moving, or currently living in the Santa Barbara County.

Provided by the County Of Santa Barbara, this site offers extensive information in many categories including living, working, business, vacationing and government agencies. Click here to visit website.

Santa Barbara Conference & Visitors Bureau and Film Commission This site is good for folks planning a visit to Santa Barbara and its surrounding areas. Visitor information, hotel tips, food and drink recommendations, general points of interest, as well as outdoor recreation, beaches and park listings are all at your fingertips. Or mouse. Click here to visit website.

Wikipedia: Santa Barbara Even folks who have lived in Santa Barbara for a number of years will learn a new thing (or 2, or 3!) about their beloved American Rivera. Wikipedia has an superb (and extensive) reference guide to Santa Barbara County.

Its many topics include, to name just a few; history, demographics, neighborhoods, education and transportation.

Click here to visit website.

SB Chamber of Commerce A fully comprehensive site of living, working, business, visiting and government information for the Santa Barbara County. This site offers links and information to assist with career opportunities, services, maps, recorder and assessor, bid opportunities and emergency contacts. Click here to visit website.

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Craigslist: Santa Barbara Craigslist is truly one helpful site.

Find furniture, employment, even new friends! Click here to visit website.

Santa Barbara County Schools The official site of the Santa Barbara County Education Office provides a comprehensive list of school districts in Santa Barbara, Carpinteria, Santa Ynez, Solvang, Goleta, Santa Maria and more. Click here to visit website.

Santa Barbara Parks & Recreation A great blog site, updated often. The site contains excellent information about ongoing Parks and Recreation events. The website highlights the various recreation centers in the area, seasonal programs, classes and more.

Classes and programs are available for youths and adults of all ages. Click here to visit website.

visit the NEW..

www.VillageSite.com Search all of Santa Barbara County and the MLS at our NEW website.