For the first 6 months of 2009, there were 29 closed sales of single family homes and condos in the Downtown area here in Santa Barbara CA. As of July 1st, 2009, there were 5 properties that were pending sale (under contract).
The lowest sale in the Downtown area was single family home (short sale) in need of work located directly in the manufacturing area of Santa Barbara located at 636 East Gutierrez Street, Santa Barbara CA., 93103. The sales price was $330,000.
The highest sale in the Downtown area was a fabulously remodeled home and duplex in the heart of Downtown located at 222 West Islay Street, Santa Barbara CA., 93101. The sales price was $1,500,000.
Overall this is a tough market to say whether it was a normal first 6 months or not. The Downtown can be broken into several different areas and encompasses a wide variety of price points and buyers. Most knowledgeable people in the business feel that the first 6 months though were a decent amount slower than average. If you are looking at the newer developments downtown then it was a lot slower and overall a tough first 6 months of 2009. If you would like a more complete update on the Campanil Hill / Yankee Farm area market and/or any other areas within Santa Barbara, Montecito, Carpinteria, Goleta, Hope Ranch, Summerland, and/or The Santa Ynez Valley, please feel free to contact me.
- Downtown – General Description and Information
- Santa Barbara Market Statistics
- Santa Barbara Photo Tour
- Buyer’s Resources for the Santa Barbara area
- Seller’s Resources for the Santa Barbara area
For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.
Thank you for reading. I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts.
Subscribe to Receive Personal Listings of Santa Barbara Real Estate
Search The Santa Barbara Area MLS