It was reported here recently that the high end, or luxury segment of the Santa Barbara real estate market has experienced an uptick in the number of Santa Barbara luxury home sales in escrow recently. That uptick has continued. Here is an update of the Santa Barbara luxury homes in escrow:
A Montecito Mediterranean Estate in guard gated Ennisbrook. This home offers large main residence plus guest facilities, offices, pool & tennis courts. This Montecito Estate is listed at $14.750 million.
A Montecito Tuscan Estate recently completed. Fantastic ocean views enhance the beauty of this beautful Estate. Listed at $11.9 million
A Historic Estate, which has most recently been used as a photography school, and in need of much work to bring it back to its granduer. This ocean view Estate is listed at $9.4 million
A Historic ocean view estate on Santa Barbara's Riviera. This 1929 Reginald Johnson is listed at $8.9 million.
A 40 acre ocean view Estate listed for $8.750 million.
A newly built Hope Ranch ocean and mountain view Estate, listed at $7.975 million.
With much talk of a housing recovery and a good run in the stock market, luxury buyers are taking action. Once these pending sales become positive sales statistics, we may begin to see other luxury buyers coming into the Santa Barbara real estate market. To view luxury homes for sale in Santa Barbara, log on to www.DistinctiveRealEstateOnline.com if you would like more statistical data, call Wendy Gragg 805.565.0246 or email at WGragg@DistinctiveRealEstateOnline.com
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