What Does $1 Million Buy You in Santa Barbara Real Estate These Days? - April 2009

As the Santa Barbara Real Estate market has softened here in the last 18 months, the big advantage for new home buyers is that they are able to get a little more property for their $$. Most statistics are showing that the average home here in Santa Barbara is down about 15-25% (depending on exact area) from its peak in late 2006 / early 2007.

In the last several weeks, much of our market up to the $2 Million price point has been very stable with a good amount of pending sales and numerous buyers out looking. Here are a few examples of Santa Barbara property around $ 1 Million in Bel Air Knolls, The Mesa, Samarkand and San Roque neighborhoods.

1 - Bel Air Knolls located on a quiet cul-de-sac...

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Further Reading:

1. San Roque Neighborhood
2. Samarkand Neighborhood
3. The Mesa Neighborhood

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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