May 2009 - Market Update for Southern Santa Barbara County by Jeff Reeves of Village Properties Montecito

Number of units sold in Southern SB County - May 2009

The number of units sold in May 2009 is down 21% when compared to May 2008. Through the first 5 months of 2009 there have been a total of 430 units sold and when you compare that to the first 5 months of 2008, there were 573 units sold. The number of units sold for the first 5 months of 2009 is down 25% when compared to the first 5 months of 2008. There are some great opportunities out there if you can get financing. Interest rates are low and will be heading up later this year and into 2010. If you are interested in any additional information please feel free to email me at JRinSB@Cox.net or call me at (805) 689 2058. Best regards, Jeff Reeves