Comments by kevinschmidtchen

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Posted on September 8 at 6:54 a.m.

Sotheby's is a great company to work for and in many ways offers buyers and sellers the best service out there here in the Santa Barbara and Montecito areas.

On Sotheby's International Realty Tops in Sales Volume

Posted on June 3 at 12:42 a.m.

This all sounds great. Not sure where the $$ will be coming from to do this, but if the vision is there and it is wanted...hopefully $$ won't be an issue.

On Mesa Futures

Posted on April 14 at 9:18 a.m.

This is the second article I read about this agreement. The first being in the LA Times on Friday. There does not seem to be much negative in this accepted proposal. I look forward to seeing it happen as well as the transfer of land back to the Trust for Public Land. The coast around the Gaviota area is gorgeous and bringing back this small stretch to its natural habitat in roughly 10 years will be wonderful to see.

On SB Enviros Endorse Offshore Oil Proposal

Posted on April 9 at 8:38 a.m.

This is and will continue to be a tough situation. I as well know of people that have somehow gotten around the affordable housing guidelines and have bought units as rental units. There is not enough resources to police this effort it seems.

No doubt the housing is is just a long road and so many contractors are used to making big dollars that they are not too keen on developments that require too much affordable housing...especially now with the economy and the situation of our market.

Time will tell what happens and hopefully there will be some solid common grounds met.

On How to House Goleta

Posted on March 28 at 12:29 p.m.

I agree with the point that was made about the rise in property taxes, but there is always a "what if" in every story.

Example: What if in the same scenario the home you buy you ended up getting a deal of $50,000 off of what you thought it was worth even in this market and then you knew of a buyer that loved your home and paid you "good market value" for your home...then this $50,000 washes away that theory and would pay for the property tax increase for 10-15 years.

No matter are not going to cover every what if and many people these days are buying from a condo to a starter home, or from a starter home to a larger home if you will.

For many people, this is better than building because of the cost of building being so expensive. Then when all the permitting is done your taxes are also reassesed.

So I agree with the point that property taxes go up, but too many other factors come into play to simply say you disagree with my point made.

Respectfully Kevin

On Is Now the Time to Buy a Home?

Posted on March 17 at 3:09 p.m.

These types of newer in-town mixed use projects seem to appeal to a lot of out of town buyers and second home buyers here in the Santa Barbara area. Many Europeans seem to also see them as natural growth for cities if you want to see open space maintained.

As a real estate agent here in Santa Barbara, I do come across these units quite often and right now the biggest negative that people seem to bring up is the "potential glut in supply."

I think the main topic I am approached with is the rate that these types of buildings are popping up in Santa Barbara...and now a similar proposal on Coast Village Rd in Montecito. This issue along with the height are the two areas of discussion for most people that I come across. Hopefully we as a city can find a balance.

On Height Fight on Chapala

Posted on February 22 at 8:48 a.m.


Thanks for the post...I will try and make others aware of this as well. I for one had not heard any of the latest developments on this corner for over a year now. I don't imagine most locals would like to see such development on such a small street as Coast Village.

Kevin Schmidtchen

On None

Posted on February 22 at 8:45 a.m.


Thanks for the post. Being a Realtor here in Santa Barbara, I tend to field this question quite often. The reality is that no one truly knows where we will be in a year, 2 years or in 5 years. As your article points out, many people lean on past trends to try and predict where we are going. Others just on gut feelings.

As of right now, I can say that for the first time in 3 years, investors are starting to surface again and writing offers. This is part of what fueled the higher prices. Where this will lead I don't know. If for sure is not the same push as 2000-2004, but investors are out there.

In Goleta, the prices have really come down this last 12 months with many single family homes selling in the $650,000 to $750,000 range...these same homes were around the $875,000 to $925,000 price point only a few years ago. With that said, there are pockets of Santa Barbara where prices are not seeing to much of a pull back and the high end is for sure not seeing this ($3 Million and above).

I especially like your last point....if you are a family and can afford the payments and are not too phased by some price swings, now is a good time to buy. Also if you currently own and want to continue to be an owner, moving from your current home to another is also without too much risk...since you will be buying and selling in the same market. All things equal, both homes should see relatively the same movement (up or down).

Kevin Schmidtchen

On Is Now the Time to Buy a Home?

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