With some mixed messages still coming out and holiday season retail results not yet final, it is natural to wonder if this is the time to buy a home. Encouraging predictions that unemployment will continue to fall nationally in the first months of 2014, and recent assurances that interest rates will remain low for the foreseeable future are indications that now is, indeed, a good time for buying property.
In the Montecito and Santa Barbara areas, the current market is especially favorable. All local indicators continue to move in the right direction, showing that the real estate improvement of the last year continues. Average listing prices and median sales prices are up from one year ago; in Santa Barbara, sales prices have appreciated 31.5 percent over five years ago. Local experts agree that the prospect for the coming year is for continued health and vibrancy in this area.
Mark & Sheela Hunt keep a close watch on local market trends and have identified more than 75 percent of the properties sold during the past year as "best buys." Please feel free to call for more information about buying or selling.