Cambria Real Estate Market Insight by Broker Michael Barnes

Real Estate Broker/Owner with Barnes & Associates Sotheby's International Realty
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.

Comments (2)


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?

Jan 31, 2008 02:13 PM
Barnes & Associates Sothebynulls International Realty
Barnes & Associates Sotheby's International Realty - Cambria, CA
Our current market is offering lots of opportunities for both Buyers and Sellers.  If you are considering selling your property, then buying another to replace it, you may benefit from the current pricing structure and timing will not be as much of a concern.  Buyers in our marketplace are very well informed and aware of adjusting property values and current economic concerns.  Trying to predict the exact time of a market turn-around is not practical - we encourage our clients to make informed decisions about whether or when to sell their property based upon their specific plans and financial needs.
Feb 01, 2008 05:40 AM