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.
Santa Barbara Real Estate Market Report August 2012
- 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.
Subscribe to Receive Personal Listings of Santa Barbara Area Properties
Search the Santa Barbara Area MLS