From the entry level condos to about the $2 million price point, the overall real estate market here in Santa Barbara CA continues to be fairly stable. The luxury high end market is still a little unstable and no one is sure about where this market truly is. You will hear various Realtors, lenders, title reps, investors etc. give you various ideas about this. What is clear to most everyone is that we are off 25-35% from the peak levels and no one feels 100% sure that the bottom has been reached in the upper end market. With this said, it is interesting to look at the top 10 sales here this last month in both single family homes and condos.
Single Family Home Sales Top 10 February 2010
- 1169 Hill Road, Montecito CA, 93108 - Asking Price - $22,900,000 - Sales Price $12,943,000.
- 644 Oak Grove Drive, Montecito CA, 93108
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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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