I received the following rate sheet from my local Santa Barbara real estate lender at Wells Fargo Bank.  The rates are again at historic lows. This is the time to make a real estate purchase. It is such a great opportunity with all time low rates and 2003 real estate prices! Jump in to the Santa Barbara real estate  market now!

 

Check out the Jumbo 5/1 at 3.375% No Points!!!! And the 7/1 at 3.375% no points, the 10/1 at 4.25% no points!!!!!

 Conforming loans (loan amounts under $ 417k:

• 5/1 year ARM: 2.75% with 1 point, 3.125% with 0 points
• 7/1 year ARM: 3.125%  1  point,  3.375% with 0 points
• 10/1 year ARM: 3.625%  1  point, 3.875% with 0 points
• 15 year Fixed: 3.625% with 1 points,  3.75% 0 points
• 30 year Fixed: 4.500 % with.75 point, 4.625% with 0 points

Expanded Conforming (loan amounts between $417k-$729k:

• 5/1 year ARM 2.875% with 1 point, 3.25% with 0 points
• 7/1 year ARM: 3.325% with 1 point, 3.625% with 0 points
• 10/1 year ARM: 3.875% with 1 point, 4.125% with 0 points
• 15 year Fixed  3.75% with 0 points
• 30 year Fixed: 4.375% with 1 point, 4.625% with 0 points

 Pricing below is up to  $3,000,000, ( call for pricing and loan to values over 3 million)

On primary SFR we can offer 80% up to $2,000,000 and 75% up to 3,000,000

 Loan amounts above $729k up to $3,000,000: 

 5/1 ARM:        3.375%  No points,     3.00%    1 point

7/1 ARM :       3.75%  No points,       3.375%   1 point

10/1 ARM:      4.25% No points         3.875%   1 point

15 year fixed:  4.25%  No Points      4.00%    1 point

30 year fixed :  5.00% No Points,       4.75%   1 point 

 Private Bank Portfolio Loans from $417,000 up to $5,000,000 and higher!

 3/1 ARM 3.50% No Points

5/1 ARM 3.50% No Points

7/1 ARM 3.75% No Points

10/1 ARM 4.125% No Points

 The Jumbo 5 /1 ARM,7/1 ARM and 30 year Fixed have interest only payment options. There are minimum fico score and maximum LTV requirements for all rates listed above. Wells Fargo has a float down policy , so even if you lock in a rate today, you have the ability to float down to a lower rate within the lock period. Also bear in mind that the rates listed above are for purchase transactions.

The jumbo Loans only and require just a checking account at Wells or Wachovia, with auto pay.

Call me today if you would like to talk about opportunities in the market or best buys. 805.570.5545

‘Maureen

Maureen McDermut – Santa Barbara Real Estate – Montecito California

According to MLS Year to Date Stats for Montecito and Santa Barbara

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Tuesday, August 31, 2010

Luxury real estate firm Sotheby’s International Realty, Inc., ranked as the leading Santa Barbara County real estate company by sales volume year to date, executives of the firm announced today.

According to data from the Santa Barbara Multiple Listing Service, Sotheby’s International Realty’s total residential real estate sales volume in Santa Barbara and Montecito was approximately $540 million from January 1, 2010 to August 26, 2010, with $291 million in list sides and $249 million in buyer’s sides. Sotheby’s International Realty represented 27% of the MLS’s sales volume with an average sales price of $1.7 million in these two markets during that period.

These market statistics demonstrate that this premier luxury real estate brokerage is experiencing positive signs in a challenging season for real estate.

“We could not be more proud of the accomplishments of our agents. Through hard work, flexibility and outstanding attitudes, our Sotheby’s International Realty agents in Santa Barbara and Montecito have gone the extra mile in uniting extraordinary properties with extraordinary lives,” said Senior Vice President and Brokerage Manager Greg Tice. “We are thrilled to have an office environment that fosters the kind of dedication that leads to such impressive results.”

Sotheby’s International Realty also boasts the leading market share this year to date in Montecito, an area frequently sought after by buyers for its unparalleled coastal climate.

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Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house and represents fine properties at a range of price points. Today, Sotheby’s International Realty, Inc. operates brokerage offices in key metropolitan and resort markets, including Manhattan; the Hamptons; Greenwich, Conn.; Cape Cod; Palm Beach, Fla.; Beverly Hills, Brentwood, Pasadena, Santa Barbara; San Francisco; Sonoma; Monterey Peninsula; and Santa Fe, New Mexico.

Sotheby’s International Realty, Inc. is part of NRT LLC, the nation’s largest residential real estate brokerage company, and a member of the Sotheby’s International Realty® network that spans 37 countries. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.

Every summer for the last 86 years Santa Barbara has taken 5 days to celebrate its rich Mexican and Spanish heritage.  This annual celebration in known as Old Spanish Day Fiesta.  2010 will be no different as the Fiesta will begin on August 4th and continue until August 8th.

There will be several food vendors as well as opportunities to participate in riding and roping events. Don’t miss the “La Fiesta Pequena” or “The Little Fiesta” which officially opens Old Spanish Days on the steps of the Mission Santa Barbara.

Throughout the week there are many special features and events. El Mercado de la Guerra, offers  shopping, entertainment, dancing  and food in De La Guerra Plaza. El Mercado del Norte located in MacKenzie Park at Las Positas and State Streets is filled with family fun. Carnival rides and attractions and daily entertainment featuring music and dance are what this area is about.

Celebración de los Dignatarios features delicious appetizers and wines presented by local restaurants and wineries. Dance to the exciting sounds of Soul City Survivors. The cost is $85 per person in advance, $100 at the gate. (Taken directly from www.oldspanishdays-fiesta.org/new/index.php/calendar/calendar_osd/)

Las Noches de Ronda or“Nights of Gaiety is held at Santa Barbara County Courthouse Sunken Garden. A splendid variety show of music, singing, fiery Flamenco from Spain, and vivid Folklórico dances from many regions of Mexico. (Taken directly from www.oldspanishdays-fiesta.org/new/index.php/calendar/calendar_osd/)

There are countless other events and attractions. To learn more about this uniquely Santa Barbara festival visit: www.oldspanishdays-fiesta.org

Maureen McDermut, Santa Barbara’s leading real estate expert offers essential tips and secrets to enjoying the Santa Barbara Lifestyle.

Tags: About Santa Barbara, Maureen McDermut, Santa Barbara Arts, Santa Barbara Homes, Santa Barbara Lifestyle, Santa Barbara Lifestyles, Santa Barbara Real Estate, Santa Barbara Old Spanish Fiesta Days, Things to do in Santa Barbara, Visit Santa Barbara

Santa Barbara is a beautiful city that has a lot to offer. Located about an hours drive (or so) north of Los Angeles, it is situated between the mountains and the sea. The climate is just about perfect and much of the town has the old Spanish flavor. There are also fabulous restaurants, resorts and shopping as well as every type of outdoor sport you can imagine. We often watch folk’s hang gliding off the mountains, riding the thermals as we drive through the center of town on the 101. You never know what the traffic is going to be like when driving through Santa Barbara so be prepared to just exit and enjoy yourself if it is not moving. The mission here is beautiful and the harbor offers so much to see and do. We love the skate part located just about mid bay and the ‘people watching’ is just about as good as it gets!!!

* About * Buyers * Contact * Hope Ranch * Hoperanch 93110 * Gonemobile* Mesa * Mesa 93109 * Riviera 93103 * Santabarb 93103Riviera * Santa Barbara * Sellers * Summerland * Summerland citywide * Mls * Monitcito * Montecito 93108* Properties * Current Listing * Property_id=2383 * Property_id=2571 * Property_id=2572 * Property_id=3996 * Property_id=4175 * Property_id=4186 * Property_id=4714 * Relocation * Legal 

1126 HILL RD, SANTA BARBARA, CA 93108 MLS #10-2453

A perfect retreat for your summer pleasures a classic Montecito Beach cottage located one block from Butterfly Beach, this charming 2 bedroom 2.5 bathroom has been updated throughout. It is a perfect 2nd home or full time residence. Sliding doors open to a spacious entertainment deck. Kitchen, master bedroom and dining area open out to a private grassy backyard. A perfect sanctuary just waiting for a new owner. Get all the details at

flexmls Mareen McDermut

One of the top real estate agents in Santa Barbara, Maureen Mcdermut is introducing a way for clients to view all of the homes for sale in the area with any cell phone. Maureen McDermut with Sotheby’s International Realty Montecito is providing clients with a mobile real estate search created by Smarter Agent that makes it possible to search all local property listings from their mobile device, regardless of whether it is listed by Maureen McDermut or another broker or agent. Maureen McDermut’s mobile real estate search is the only house-hunting tool that works on 95% of cell phones across all carriers.

With Maureen McDermut’s Smarter Agent application, interested home buyers can be in any neighborhood and view detailed property information at the touch of a button. The GPS technology in the mobile phone, when available, locates users and pulls up addresses and information on listings in their immediate area. Sales price, square footage, tax information, beds/baths, interior and exterior features, pictures and more become available instantly in the palm of their hand.

Consumers can also search by address, community name, city or zip code when GPS is not available, or if they want to search for real estate in an area other than their current location.

The “Call to See” feature within the mobile application will connect users to Maureen McDermut if they have questions or want to schedule a tour of a property.

Consumers can get Maureen McDermut’s mobile real estate search on their cell phone by visiting www.maureenmcdermut.com for easy instructions or by texting Maureen to 87778 to receive a text message with a link to download the mobile real estate application.

For more information learn how > click here

Smarter Agent is available as a fully down-loadable application is free to download on Sprint devices, BlackBerry devices, the iPhone, and Google’s Android G-1. The premium mobile web version is free to access.

As a home owner and real estate agent here in Santa Barbara, I have been asked some form of this question or topic over the last few years…Is the Housing Market Stable here in Santa Barbara? With all that has happened in the last 10 years with the run up in prices from 1999 through 2007 and then the subsequent sharp drop in prices from 2007/2008, here is the inside scoop. Here is how the overall pulse of the real estate market is in the Santa Barbara, Montecito, Mesa, Rivera, Hope Ranch and Summerland.

Upper End / Luxury Market
Current Listings $2.5 million and above

In our high end and luxury real estate market from about $2.5 million and up, the jury is still out on where we are at with prices.  Overall the prices have fallen in this part of our market around 30-35%, with some major estates and beach property falling even farther.  In the last 3-4 months we have seen a good amount of sales and this market is finally starting to stabilize in price.

Mid Level Market

In our mid level market (the bulk of our town) from about $750,000 to $2.5 million, the real estate market has been very strong the last 6-8 months.  Especially in the $750,000 to about $1.5 million price point, we seem to have reached price benchmarks throughout town and prices here feel very stable with a lot of buyers in this market.  Most people feel that this market is quite stable and will most likely remain flat with prices for the rest of the year.

10-March-2010 – Built in the mid-1980’s, Welcome to Hacienda Del Bosque, This one acre estate rests behind a private entrance with an exclusive hand crafted iron entry door affording the utmost in privacy.Entering through the courtyard rose garden you are Surrounded by lush landscaped easy care plants, rocks and boulders, large trees, and manicured lawns. One is instantly impressed by the home’s strength and substance.The large entrance foyer, welcomes guests with your beautiful high ceilings and extensive central hallway The Hacienda estates with it’s traditional floor plans, affords seemingly limitless access to all the rooms.

The living room with Heavy Beamed Cathedral ceilings, also features an antiqued limestone fireplace ,bar with marble counters , built-in bookcases and entertainment center.Certainly the heart of this home, the den will accommodate large furniture, without crowding the space. Cathedral ceilings ,custom fireplace and mantle, large windows to bring the outdoors in, while the hand laid saltillo tiles grace the floors.This large kitchen offers Viking Professional appliances, limestone counter tops and custom hand-made cabinetry with extensive storage, counter space and easy…

“Negotiations at the Highest Level”

The lavish master suite occupies the entire second floor of the hacienda & provides the owners a world of their own, steeped in unsurpassed privacy.Its fireplace and cathedral ceiling bestow Old World appeal, along with expansive walk-in closets

Museum of Natural History by Maureen McDermut, Santa Barbara Lifestyles

NanoDay
March 27
10:00 AM-5:00 PM

Size Matters! Discover a world smaller than a hair on an ant. Things this small behave differently than you might expect. Join us for NanoDay and explore the science of small things. Zoom into the human hand or a leaf, and experience a world that only the world’s most powerful microscope can reveal. – Taken from Santa Barbara Museum

Beyond: Visions of Planetary Landscapes
Now through March 28

This exhibit paints a rare and thrilling portrait of our Solar System. Michael Benson has digitally processed 40 years of raw imagery from NASA and European Space Agency missions to create flawless photographs that are clear and real.

Featuring 35 large-scale framed prints, Beyond also highlights the similarities between the geological formations and atmosphere disturbances on Earth and the other planets. From the erupting volcanoes in Sicily and the lava eruptions on Jupiter’s moon, to the deep craters on the moon and the pocketed terrain of Neptune’s moon Triton, to the dust storms on Mars… Beyond reveals the beauty and excitement of space. Exhibition entrance included with Museum general admission.

Morning Bird Walks
Now through April 26

This informal walk through the museum happens on Mondays from 8:30-9:30 AM and is free with admission. Those wanting to participate need to meet by the skeleton of the blue whale.

The Santa Barbara Museum of Natural History is located at 2559 Puesta del Sol Road in Santa Barbara. Admission: Museum Members free; Non-members $10/adult, $7/senior, $7/teen, $6/child. Parking is free. The Museum is open daily from 10 AM to 5 PM. For more information, visit www.sbnature.org

The Neal House is a romantic and gorgeous home. In the late 1960’s, this home became a Hollywood Star when it was used in the filming of the Emmy Award-winning TV show, “The Ghost and Mrs. Muir”.

The Neal House blends the styles of Queen Ann, Craftsman and
American Colonial Revival. Preserving the very best of its original style and workmanship with original floors, windows, 6 fireplaces, 5 bedrooms and den.Updated farmhouse kitchen with many original design elements and top of the line appliances.The large kitchen, with extensive  storage and counter space, large island,  will please the chefs, and all the helpers.

This is truly the Santa Barbara lifestyle at its best! Take a peek into the Neal House.

http://www.youtube.com/watch?v=GHpRtUW3J_g