For months I have been talking about how lack of inventory has been the predominant theme with regards to real estate here in Santa Barbara. Right now, buyer demand is outpacing supply to a significant level. One of the areas in Santa Barbara that has continued to see a lack of inventory is The Mesa, with demand here being extremely strong. Every day in the MLS there are 1-2 emails about buyer needs in this area.
Once a home comes on the market in this area, there is the feeling that you have to see it right away and that multiple offers will be the norm. Right now there are only 8 properties Active for Sale on The Mesa. The reason these are active is simply that the market has spoken and they are too high priced. Anything else that is comes up at market price or close to market price is pending sale within days.
View: The Mesa Real Estate
Search: The Santa Barbara Area MLS
For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our wonderful town, 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.