Santa Barbara CA. Oceanfront / Beachfront Real Estate Sales Update - First 6 Months 2009

For the first 6 months of 2009, there were only 3 closed sales of single family homes and condos directly along the Oceanfront here in Carpinteria, Montecito and Santa Barbara CA.  As of July 1st, 2009, there were 0 properties directly along the Oceanfront area that were pending sale (under contract).

The highest sale directly along the Oceanfront was a Mediterranean style home located in the cove in Montecito located at 1631 Posilipo Lane, Montecito CA., 93108.  The sales price was $8,300,000.

Overall, this market directly along the Oceanfront was much slower than the last few years.  Also, prices on average have taken a decent hit since the highs of around mid 2008.  There were still many homes out there for sale, but most were simply too high priced for the current market.  

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 Berkshire Hathaway.

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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