Thursday, October 11, 2007

Santa Barbara September Real Estate Sales

The numbers have been tallied, can I get a drum roll please, there were a total of 110 sales in the South County in September. Can you say I'm glad that is over. That is the slowest month of sales I can remember in the 20 plus years I have been here. I guess it shouldn't come as much of a surprise with everything that has been going on with the credit crunch and the negative news that has been spreading about real estate. The other bit of news that sort of softens the blow is that October of last year wasn't much better. I still am of the opinion that buyers should be getting serious NOW! There is plenty of inventory, prices have declined, rates are good, and sellers are willing to negotiate. If people are waiting to see what happens, I think they may be missing some good opportunities and may be part of the pack that comes out of the gate early next year competing for the most desirable properties on the market. There really weren't any areas of the South County that performed any better than others. Santa Barbara, Montecito, Carpinteria and Goleta were all down from last years number of sales. I will put up the North County numbers tomorrow so check back for those. While you are here you may want to check out my post about Active Rain. There is a ton of agent networking going on you may be interested in. See You In Escrow!

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