Real estate here in Santa Barbara for the summer of 2012 ended up being a market where a lot of people were looking and ready and most everything that was coming on the market was sold very quickly. We are continuing to have a definite lack of inventory across all price points, but especially in the $300,000 to $900,000 price point. Many buyers continue to be frustrated as they are ready and pre-approved (or all cash) and simply not being able to find a home.
It seems that many sellers are simply just waiting and hoping for the market to recover some more with prices before listing there home.
Below is a graph that shows this lack of inventory in our market here.
- High End Montecito Real Estate Continues Strong Pace
- What Does $1 million Buy in Today’s Real Estate Market?
- What is the Early 2012 Pulse in Santa Barbara’s Real Estate Market?
- Santa Barbara Real Estate Seriously Rebounding – Forbes.com
- Santa Barbara CORT Reports April 2012
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.
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