September 2012

Found 2 blog entries for September 2012.

Low inventory and rising list prices are becoming the trend in most housing markets across the United States.  A headlining Inman News article last week mentioned that 8 of the top 10 markets with biggest declines of housing inventory are in California.  9 of those top 10 markets have seen more than a 40% decrease year-over-year.  There’s no doubt that the demand for “good” inventory is high as multiple offers for the best homes has become a regular occurrence.  In Santa Barbara there’s been a 27% decrease in inventory year-over-year and an extraordinary increase in multiple offers for the most sought after parcels.

The referred to article also mentions that 5 of the top 10 markets for increase in list prices are in California, headed by Santa Barbara

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An upscale condo development, Alma Del Pueblo, is opening its doors in downtown Santa Barbara this week. The 37 planned condominiums won’t be completed for quite some time however the sales office is getting ready to show off renderings of the units along with completed kitchen and bathroom examples in the showroom. They will be looking at offers as early as 10 days after opening. Our company Village Properties has been chosen to market the entire project. The address of the complex is 18 W. Victoria Street which is directly adjacent to the historic Arlington Theater. Prices will range from $840k for a studio to $2.6M for a 2 bedroom 2.5 bathroom unit. All of the floor plans are single level and there will be elevator access for those on the second and

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