Questions that are asked of me quite often these days are..."How is the market doing right now?...or Where do you think we are with the real estate market here in Santa Barbara?...or Do you think we have reached the bottom with the real estate market in Santa Barbara?" 

As the Santa Barbara real estate market continued its torrent pace from 1998 through 1996, there were many "experts" along the way that predicted the peak at many various stages.  Some as early as 2001 and all points in between up until 2007.  Obviously none of them were correct until the early months of 2007.

Now on the flip-side of this market, many "experts" have already predicted the worse is over while some have predicted the worse is still yet to come.  Alan Greenspan for example predicted in November 2006 that the worst was over...and we all know what has happened since then.

So back to the posed questions.  Where are we with the real estate market here locally in Montecito and Santa Barbara California?  The easy answer is, I don't know.  Obviously though, I have my opinions being a santa barbara real estate agent.  Here is what I will say...Lately news seems to be a lot more positive as far as real estate goes and also many areas are seeming to stabilize with their prices.

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For information on Santa Barbara Real Estate, Montecito Real Estate 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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