The Santa Barbara Groups Real Estate Blog

The high end luxury real estate market continues to show some new signs of life, just at a reduced price. A beach home on Padaro lane just closed escrow for a price of $6,350,000. It hit the market 265 days ago offered for $9,950,000. Padaro has scene prices above $30,000,000.

There is a stunning celebrity home for sale near the San Ysidro Ranch that started at $9.4M just 39 days ago and was reduced today down to $8.2M, a good sign of motivation. It features 6 bedrooms and 6 bathrooms, pool, pool cabana, guesthouse all on just over an acre.

An equestrian estate in Carpinteria went into escrow today. It was listed at $7.5M after hitting the market 294 days ago at $9.5M. It featured a 12 acres lot with a 6 bedroom 6 bath home, guesthouse, horse facilities and some views.