[%asset_94%] MAY 2008 SALES REPORT
BROUGH TO YOU BY
RICHARD MANN
COLDWELL BANKER
(805) 689-5978
www.RichardMann.com
richard@richardmann.com

Thank you for your continued interest in Richard Mann's monthly sales report newsletter. This newsletter contains a summary of all homes sold within Santa Barbara County during May. If you are no longer interested in receiving newsletters from Richard, please see the instructions at the end of this e-mail.

You can always view past newsletters at www.richardmann.com, in the section Tips and Guides for Montecito Buyers.

MONTECITO ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Home/Estate 2796 BELLA VISTA DR 4 4 $5,995,000 $5,795,000 $4,912,500 82% 224
Condo/Co-Op 1220 Coast Village 212 Rd 2 2 $895,000 $799,950 $799,950 89% 166
Condo/Co-Op 97 SEAVIEW DR 2 2 $1,750,000 $1,550,000 $1,381,500 79% 118
Home/Estate 576 FREEHAVEN DR 4 5 $9,500,000 $9,500,000 $8,750,000 92% 80
Home/Estate 1274 ELEVEN OAKS LN 4 2 $1,635,000 $1,545,000 $1,355,000 83% 112
Home/Estate 576 FREEHAVEN DR 4 5 $9,500,000 $9,500,000 $8,750,000 92% 80
Home/Estate 124 POMAR LN 3 4 $3,650,000 $3,650,000 $3,500,000 96% 56
Home/Estate 1570 BOLERO DR. 2 4 $3,895,000 $3,895,000 $3,850,000 99% 19
Home/Estate 351 WOODLEY RD 5 4 $13,650,000 $12,700,000 $10,500,000 77% 45
Home/Estate 1743 GLEN OAKS DR 4 5 $8,500,000 $8,500,000 $7,800,000 92% 51
Home/Estate 525 SANTA ANGELA LN 4 3 $2,795,000 $2,795,000 $2,675,000 96% 20
Home/Estate 1520 LINGATE LN 3 2 $1,995,000 $1,995,000 $1,975,000 99% 56
Home/Estate 188 Tiburon Bay Lane 5 6 $6,650,000 $6,650,000 $6,320,000 95% 19
Home/Estate 1419 Wyant Road 4 4 $5,895,000 $5,895,000 $5,700,000 97% 17
Home/Estate 3 ROSEMARY LN 3 2 $2,275,000 $2,275,000 $2,175,000 96% 46
Home/Estate 1135 Summit Road 3 5 $3,750,000 $3,750,000 $3,700,000 99% 8
Condo/Co-Op 52 Seaview Drive 2 2 $2,350,000 $2,350,000 $2,000,000 85% 31
Home/Estate 2561 Sycamore Canyon Rd 5 8 $17,995,000 $17,995,000 $16,500,000 92% 1
Home/Estate 1431 E MOUNTAIN DR 4 4 $4,250,000 $4,250,000 $4,750,000 112% 0
Home/Estate 1075 Cold Springs Rd 5 4 $3,550,000 $2,895,000 $2,695,000 76% 290
Home/Estate 2880 Torito Rd 4 3 $3,500,000 $2,995,000 $2,700,000 77% 401
Home/Estate 695 Toro Canyon Rd. 3 4 $5,400,000 $5,200,000 $4,500,000 83% 367
Home/Estate 744 Ashley Rd 3 1 $2,750,000 $2,490,000 $2,360,000 86% 561

PLEASE CALL ME IF YOU HAVE ANY QUESTIONS ABOUT MY CURRENT LISTINGS:

MONTECITO COTTAGE WITH POTENTIAL
Click here to view this property at RichardMann.com
Offered at $1,350,000

Find this delightful Montecito Mediterranean cottage which has not been on the market for over 20 years. This charming property is conveniently located close to Montecito’s lower village and boasts an open floor plan with three bedrooms and two bathrooms. Upon entering this lovely residence you will find a wonderful courtyard with a running fountain and French doors that lead to the living room complete with cathedral ceilings and fireplace. The fire-lit dining room is not to be missed with large open windows that face the private back yard and an enchanting skylight. Completing this property is an attached two car garage, washer/dryer, and a 1/2 acre lot with fruit trees in the desirable Montecito Union School District.

HOPE RANCH ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Home/Estate 4040 MARINA DR 5 6.5 $6,195,000 $6,195,000 $6,195,000 100% 0

DRAMATIC MONTECITO MODERN
Click here to view this property at RichardMann.com
Offered at $5,950,000

Down a quiet Montecito lane, find this two story beautifully renovated residence offering five bedrooms, five baths, hardwood maple floors, soaring ceilings, sky-lights, and lovely French doors. The spacious family style kitchen is a chef's dream, light and airy with a fireplace, granite counter tops, state of the art stainless steel appliances, and a large prep island. Enjoy the formal fire-lit living room, and formal dining room with a built-in server for entertaining, and tropical fish aquarium. The romantic master suite is very spacious with a private terrace, large walk-in his and hers closets with built-ins, and a well appointed bath with marble counters, double sinks, shower and grand tub. Sitting on approximately 1.31 acres, find glorious mountain views, stunning manicured grounds, lush lawns and gardens which surround the magnificent pool, spa and charming pool house with bath. Completing this special property is a three car garage, full service laundry, Hvac system, and is located in the desirable Montecito Union School District.

CARPINTERIA ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Mobile Hm. 4400 CARPINTERIA 6 AVE 3 1 $120,000 $120,000 $100,000 83% 0
Mobile Hm. 5750 VIA REAL 260 2 2 $199,000 $179,000 $155,000 78% 141
Mobile Hm. 3950 VIA REAL 91 2 2 $175,000 $175,000 $165,000 94% 69
Mobile Hm. 349 ASH 70 AVE 2 1 $398,000 $379,000 $370,000 93% 65
Condo/Co-Op 1561 Meadow Circle 4 2.5 $1,025,000 $997,000 $997,000 97% 111
Condo/Co-Op 5941 BIRCH 2 ST 2 1 $319,000 $319,000 $300,000 94% 7
Home/Estate 5375 SANTA ROSA LN 4 2 $899,000 $899,000 $805,000 90% 37
Home/Estate 5589 CALLE ARENA 3 2 $1,250,000 $1,250,000 $1,325,000 106% 14
Home/Estate 8078 PUESTA DEL SOL 4 4 $13,200,000 $13,200,000 $13,200,000 100% 1
Condo/Co-Op 5966 Hickory 1 St 2 1 $375,000 $299,900 $279,000 74% 195
Home/Estate 7308 Shepard Mesa Drive 4 2 $1,395,000 $1,295,000 $1,250,000 90% 126

MONTECITO SEASIDE CRAFTSMAN - NEW LISTING
Click here to view this property at RichardMann.com
Offered at $2,650,000

This Montecito Beach Cottage is wonderfully located just 2 blocks from Miramar Beach. Enjoy this recently renovated Craftsman property featuring 2 light and bright bedrooms and 2 full baths, a gourmet kitchen with stainless steel appliances, petite office area, open air dining, picture windows, French doors and much more.

SANTA BARBARA COTTAGE COMPLEX - NEW PRICE
Click here to view this property at RichardMann.com
Offered at $865,000

Find this charming and unique cottage, located in the heart of Santa Barbara's central business district. This mixed used property is within walking distance to downtown restaurants, theaters, shops and the museum.

EAST OF STATE ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Home/Estate 3210 Calle Mariposa 3 2 $1,027,000 $899,000 $810,000 79% 165
Home/Estate 2959 Glen Albyn Rd 3 5 $1,495,000 $1,325,000 $1,325,000 89% 197
Home/Estate 1084 CHELTENHAM RD 3 2 $1,275,000 $1,175,000 $1,075,000 84% 170
Home/Estate 1010 ROBLE LN 3 3 $1,995,000 $1,995,000 $1,712,500 86% 118
Home/Estate 2410 State St. 5 4 $1,998,000 $1,889,000 $1,775,000 89% 0
Home/Estate 828 SPRING ST 2 1 $599,000 $599,000 $400,000 67% 127
Home/Estate 695 RUSSELL WAY 3 2 $799,999 $750,000 $685,000 86% 107
Condo/Co-Op 447 POR LA MAR CIR 1 1 $650,000 $625,000 $625,000 96% 90
Mobile Hm. 1210 Cacique 45 St 1 1 $69,000 $59,000 $50,500 73% 149
Home/Estate 5 LAS ALTURAS RD 3 2 $1,095,000 $1,009,000 $977,500 89% 84
Home/Estate 1978 LAS CANOAS RD 4 3.5 $1,799,000 $1,799,000 $1,600,000 89% 29
Home/Estate 3724 CORAL ST 3 2 $1,399,000 $1,399,000 $1,310,000 94% 24
Home/Estate 727 SAN ROQUE RD 2 2 $995,000 $995,000 $950,000 95% 7
Condo/Co-Op 4017 Otono B Drive 2 2.5 $675,000 $649,000 $634,000 94% 28

PLEASE VISIT

WWW.RICHARDMANN.COM

FOR MORE INFORMATION

WEST OF STATE ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Home/Estate 612 Calle Del Oro 3 2 $1,565,000 $1,395,000 $1,375,000 88% 221
Home/Estate 3339 Cliff Drive 4 4 $5,995,000 $5,250,000 $5,000,000 83% 243
Home/Estate 3617 SAN GABRIEL LN 2 2 $1,195,000 $1,059,000 $1,005,000 84% 174
Condo/Co-Op 965 MIRAMONTE 6 DR 1 1 $445,000 $445,000 $395,000 89% 49
Condo/Co-Op 319 W VALERIO 6 ST 2 1.5 $519,000 $519,000 $511,000 98% 148
Home/Estate 214 LA PLATA 2 1 $995,000 $965,000 $949,000 95% 99
Home/Estate 1109 LUNETA PLZ 4 3 $2,600,000 $2,400,000 $2,200,000 85% 76
Condo/Co-Op 3435 RICHLAND 19 DR 2 1 $462,000 $435,000 $410,000 89% 92
Home/Estate 1245 FLORA VISTA DR 4 2 $949,000 $845,000 $776,000 82% 92
Home/Estate 1304 CRESTLINE DR 4 3 $1,299,000 $1,249,000 $1,215,000 94% 21
Home/Estate 1616 GILLESPIE ST 3 2 $725,000 $699,000 $630,000 87% 93
Home/Estate 3044 SAMARKAND DR 4 3 $2,350,000 $2,350,000 $2,250,000 96% 39
Home/Estate 1363 SANTA RITA CIR 3 2 $1,449,000 $1,449,000 $1,385,000 96% 17
Condo/Co-Op 56 BARRANCA #11 AVE 2 2 $599,900 $599,900 $575,000 96% 31
Home/Estate 638 DOLORES DR 3 2 $997,000 $997,000 $962,500 97% 7
Condo/Co-Op 3435 Richland 26 1 1 $375,000 $354,000 $354,000 94% 22
Home/Estate 1242 Shoreline Dr 2 2 $1,750,000 $1,750,000 $1,750,000 100% 0
Home/Estate 2917 Serena Road 3 2 $1,490,000 $1,295,000 $1,225,000 82% 304
Home/Estate 3645 SAN PEDRO LN 3 3 $889,000 $769,000 $729,000 82% 49

LET US CREATE A CUSTOM MARKETING PLAN FOR YOUR PROPERTY

GOLETA SOUTH ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Home/Estate 6645 Pasado Rd 2 4 $829,000 $749,000 $709,000 86% 213
Home/Estate 211 Saratoga Ct 4 2 $839,000 $670,000 $670,000 80% 218
Condo/Co-Op 371 CANNON GREEN B  3 2.5 $645,000 $600,000 $585,000 91% 82
Condo/Co-Op 345 Kellogg Way 19 3 3 $695,000 $695,000 $642,000 92% 117
Home/Estate 247 SARATOGA CT 3 2 $799,000 $699,900 $700,000 88% 87
Condo/Co-Op 7630 HOLLISTER 240  2 2 $509,990 $509,990 $485,000 95% 77
Condo/Co-Op 200 ENTRANCE 3 RD 2 2.5 $549,500 $549,500 $520,000 95% 40
Condo/Co-Op 499 CANNON GREEN D  3 2.5 $629,900 $610,000 $599,000 95% 29
Home/Estate 474 CINDERELLA LN 3 2 $699,900 $699,900 $630,000 90% 11
Home/Estate 159 SANTA PAULA AVE 3 2 $654,900 $654,900 $665,000 102% 8
Home/Estate 373 DAYTONA DR 4 2 $899,000 $869,000 $830,000 92% 50
Home/Estate 5015 WHITNEY CT 3 2.5 $1,150,000 $1,150,000 $1,150,000 100% 28
PUD 5015 WHITNEY CT 3 2.5 $1,150,000 $1,150,000 $1,150,000 100% 28
Home/Estate 395 San Domingo Dr 3 2 $799,500 $799,500 $800,000 100% 5
Condo/Co-Op 345 Kellogg Way 17 3 3 $695,000 $695,000 $656,000 94% 0
Condo/Co-Op 345 Kellogg Way 15 3 3 $675,000 $675,000 $619,000 92% 0
Mobile Hm. 945 Ward #92 Dr 2 2 $339,900 $255,000 $227,275 67% 291

GOLETA NORTH ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Home/Estate 6248 Avenida Gorrion 3 2 $999,000 $849,000 $850,000 85% 141
Mobile Hm. 4326 Calle Real 97 1 1 $139,500 $129,500 $110,000 79% 214
Home/Estate 82 Manchester Pl 3 2 $779,000 $659,900 $565,000 73% 196
PUD 139 Kalley Dr 4 2 $839,000 $715,000 $709,000 85% 204
Home/Estate 246 Old Ranch Dr 4 2 $699,000 $699,000 $610,000 87% 69
Condo/Co-Op 137 Ellwood Station 2 2 $582,000 $410,000 $400,000 69% 187
Home/Estate 4994 LA RAMADA DR 5 3 $1,049,000 $999,000 $925,000 88% 73
Home/Estate 290 BRANDON DR 3 2 $549,000 $499,900 $445,000 81% 111
Home/Estate 4568 VIA CLARICE 3 3 $1,995,000 $1,895,000 $1,750,000 88% 63
Home/Estate 5275 PASEO CAMEO 5 4 $2,225,000 $2,225,000 $2,125,000 96% 19
Home/Estate 6001 PASEO PALMILLA 3 2 $965,000 $899,000 $850,000 88% 51
Home/Estate 6194 CATHEDRAL OAKS RD 5 2.5 $799,000 $799,000 $852,000 107% 6
Condo/Co-Op 405 CAMINO DEL REMEDIO E 1 1 $260,000 $260,000 $265,000 102% 17
Home/Estate 7508 PADOVA DR 5 3 $850,000 $850,000 $800,000 94% 0
Home/Estate 618 ANDAMAR WAY 3 2 $829,000 $792,000 $732,150 88% 34
Mobile Hm. 30 WINCHESTER CANYON 142  2 2 $189,000 $189,000 $180,000 95% 11
Home/Estate 863 Santa Marguerita Drive 3 2 $975,000 $899,000 $875,000 90% 17
Mobile Hm. 340 OLD MILL, #234 234 RD 2 2 $329,500 $329,500 $329,500 100% 2
PUD 5349 TRACI DR 3 2 $689,000 $689,000 $670,000 97% 4
Home/Estate 4627 SIERRA MADRE RD 3 3 $1,895,000 $1,895,000 $1,875,000 99% 1
Home/Estate 6279 NEWCASTLE AVE 3 2 $675,000 $659,000 $642,785 95% 25
Home/Estate 5267 Calle Barquero 3 2 $975,000 $849,000 $790,000 81% 286
Condo/Co-Op 4649 MALAGA CIR 3 3 $739,000 $739,000 $720,000 97% 29
Home/Estate 3226 Jalama Road 3 2 $950,000 $869,000 $857,000 90% 176

\SANTA YNEZ ADDRESS BD BA ORIG LIST LAST LIST SOLD PRICE % DAYS
Home/Estate 656 RANCHO ALISAL DR 3 3 $649,000 $450,000 $425,000 65% 204
Mobile Hm. 330 W Hwy 246 205 3 2 $95,000 $95,000 $92,500 97% 107
Home/Estate 49 BEAR CREEK DR 3 2 $549,000 $489,000 $475,000 87% 90
Condo/Co-Op 611 CENTRAL 1 AVE 3 2.5 $455,000 $399,900 $398,000 87% 89
Home/Estate 390 TERRACE CT 3 2 $439,900 $439,900 $439,900 100% 30
Home/Estate 2120 HIGH MEADOW RD 5 3 $1,295,000 $1,195,000 $1,050,000 81% 234
Home/Estate 1440 Dove Meadow Road 3 4 $2,750,000 $1,995,000 $1,795,000 N/A 659
Home/Estate 355 FREYA DR 3 2.5 $925,000 $835,000 $810,000 88% 419
Condo/Co-Op 2089 Village Ln 2 2 $559,000 $499,000 $477,500 85% 313
Home/Estate 345 Oak Tree Way 3 2 $625,000 $625,000 $625,000 100% 134

MAY 2008 SALES REPORT
BROUGH TO YOU BY
RICHARD MANN
COLDWELL BANKER
(805) 689-5978
www.RichardMann.com
richard@richardmann.com

[%asset_93%]

Inventory Snapshot in: Santa Barbara/Montecito
  1st Qtr 2nd Qtr 3rd Qtr  4th Qtr 
2002 507/161 445/148 515/169 570/168
2003 515/150 559/158 526/160 454/133
2004 366/122 496/144 546/147 454/131
2005 453/115 545/115 649/119 648/123
2006 623/124 864/158 1028/166 914/158
2007 737/133 865/136 958/143 888/141
2008 801/141      

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