Well, aren't we just the busy beavers? Lots of stuff happening. But, before we get to that, Guy Rivera's take on rates today: "Mortgage Bonds and Stocks are sharply lower this morning as the fallout from the Fed meeting last week continues. Markets were also lower overseas, with China leading the way with a loss of 5%. The sharp increase in rates has not subsided and there is blood in the streets, mass riots, mayhem, people jumping out of windows, sky falling, and dogs and cats living together???? That's how some would view the increase in mortgage rates...the truth of the matter is that any rate under 5% is great financing. Rates continue to hover above historic lows".
Hey, personally, I'm all for dogs and cats living together. They do at my house anyway. And I'm all for rates around or below 5%. As Guy says, still great financing. Many of you out there will remember rushing to refinance at 5% because we thought we would never see those rates again. I did! So, don't get your knickers in a twist. The boat hasn't sailed yet. Even with rates hovering above 4%, keep it in perspective. It's still cheap money. Don't let the media brain wash you.
New Listing
811 Coiner Court, Los Alamos (4/3 on .19 of an acre) 389K How cute is this house? Cozy little cul de sac with an array of surrounding quaint two story homes. You may remember this one from the previous times it was listed. This is somewhat of a south facing corner lot. Cute porch and all the gingerbread people love, including dormer windows. 1995 newness in almost 1900 square feet with a crisp color palette and design. Master is downstairs in addition to the office and/or 4th bedroom. So, two down, two up. Being a corner lot, quite a bit of the land is in the front and wrapping around to the garage but the backyard is cute and completely fenced. A light and bright home in good condition. Price is beyond good and its even a normal sale. If you can live with a two story, this is a good one.
New Listing
1871 Laurel, Solvang (4/2 on .48 of an acre) 895K Circa 1936, unless you see this one in person, you will truly not understand the character and charm here. I have been in this home on a social occasion and was completely impressed. While there has been some updating, it was done carefully to preserve the inherent romance of the era. A focus on outdoor living in addition to the interior is a bonus when you have this kind of view opportunity. And the views. Good grief. Not many can compare. This is a little bit of history, a lot of character and an unbelievably great location with privacy yet just blocks to the center of the village. If all this appeals, see it. You will be happy you did. Normal sale.
New Listing
450 Sycamore, Buellton (3/3 on .16 of an acre) 669K We certainly are seeing the prices rise on these big beautiful Sycamore Ranch homes that not that long ago languished in the 4's and 5's. Almost 3000 square feet of 2002 construction. Past the 2nd Street intersection so less school traffic than the block before but still within easy walking distance for the little tykes in either direction (Oak Valley and Jonata within a few blocks). Some upgrades here including black granite in the kitchen and tile in the master bathroom. Normal sale.
New Listing
945 College Canyon, Solvang (3/3 on 1 acre) 575K Yeh only don't get your phone out just yet. This one came on the market as already in escrow. Off market before it was on the market. Normal sale.
New Listing
419 Quail Run, Buellton (4/4 on .19 of an acre) 629K No pics here at the time of this writing but check back on the link. This side of Quail Run backs up to the 1960's homes on Thumbelina but in my experience, the backyards, while somewhat small, are remarkably private from the homes behind. Can't tell if it’s a two story or a single story. These homes historically have lots of upgrades. Selling at 669K in a neighborhood that has recently been in the 4's and 5's, it must be quite a showplace. Normal sale.
New Listing
2441 Janin, Solvang (3/2 on 1 acre) 695K I have driven by this home a million times and always liked the curb appeal and design. Interior looks like it has had some similarly themed updating too. At this writing, unfortunately no pics of the kitchen which usually tells a very big story as to the extent of the remodel. Lots of RV or trailer parking. The public narrative does make note of an unpermitted room off of the garage. This lot does back up to highway 246.
In Escrow
1358 Cheyenne, Santa Ynez (3/2 on .31 of an acre) 549K Well that didn't take long. 7 days on market. Normal sale.
Sold
605 Central #1, Buellton (3/3 condo) Listed at 275K and sold final for 287K. Condo with a yard. Sold for less than small condos with no yards these days. That’s the miracle of long involved short sales. This one went pending in March and a lot has happened since then.
Sold
227 Menlo, Buellton (3/2 on .17 of an acre) Listed at $364,900 and sold final for 375K. I heard tell of many offers on this one. I actually expected it to settle out higher. I love this floor plan with a great room design but one in which the bedrooms are quite separate from the living space. When you have kids at home, this is a huge plus with a great room designed home. An investor flip, purchased direct from the bank back in April of this year for $252,500. Normal sale this time around.
Sold
79 Bear Creek, Buellton (3/2 on .12 of an acre) Listed at 295K and sold final for 305K. Here again, even though this home is in dated 1986 condition, I really thought in multiple offer it would be pushed up higher. Corner lot in unique location. Pretty close to the park. Homes in this neighborhood are trending high 3's to low 4's or higher if there is updating or the larger floor plans.
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Realtor
President SYV Association of Realtors 2013
DRE #01357602
Prudential CA Realty
P.O. Box 778
Los Olivos CA 93441
805.233.6461 efax
805.448.2727 direct
