Michael Barnes, principal broker-owner of Barnes & Associates Sotheby's International Realty has been involved in California coastal real estate since the early 1980's. His company began as Barnes & Aitken Realty, then became Barnes & Associates, and in 2006 became affiliated with Sotheby's International Realty. "Our affiliation with the Sotheby's International Realty brand allows us to provide a higher level of service to our customers. In today's marketplace, this allows our associates to turn market challenges into opportunities, by providing personalized service to match the needs of our clients", said Barnes. Barnes feels that the current price adjustments have resulted in an opportune time to purchase property, as Cambria remains one of the most desirable coastal communities - - offering a mild climate, comfortable lifestyle, and beautiful natural surroundings of the pine forest, beaches & ocean. Cambria's location - midway between Los Angeles and San Francisco, and just a 2 hour drive from the San Joaquin Valley - makes it the ideal place for those Buyers looking to invest in a second home. Compared to other California coastal markets, such as Santa Barbara to the south, and Carmel / Monterey to the north, Cambria offers great value in today's market.
Are you suggesting that it is not a time to sell?
I have a home which should sell for about $480 per square foot or $1,500,000 in Arroyo Grande. There are only about 12 listing that might compete with it.
Should I wait to sell until 2010 when the market is supposed to start heading upward again?