Jeff Reeves

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.

April Sales Totals in Southern Santa Barbara County by Jeff Reeves of Village Properites Montecito

April Sales in Southern SB County Here's a quick update.  There is a lot of refinancing occuring, however sales are still sluggish.  This month should be better then last month, however I imagine the number of units sold will still be lower then last year.  The next few months (through Septemeber) is our busiest time of year.  Be aware sales slow down in October through February.

Santa Barbara Market Conditions by Jeff Reeves of Village Properties Montecito

April 2009 Average and Median Sales Prices in Southern SB County. The median sales price in April 2009 is down 29% when compared to April 2008.  Santa Barbara's median sales price dropped 22% and Goleta dropped 20%.  And most importantly, the high end is finally starting to show signs of the reality of the market.  Montecito dropped 38% in April 2009.  We are near the bottom, maybe another 10-15% more at most.  Be careful because interest rates are going to rise within the next year or so.

April 2009 Santa Barbara market update by Jeff Reeves of Village Properties Montecito

April 2009 Santa Barbara/Montecito Sales - Southern Santa Barbara County

Overall, there was an increase in the number of units sold compared to last month.  This was expected because the next 4-5 months is our busiest time of year.  Sales are slow from October through February. When I compare April 2009 to Ap
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