August 30 2007 – Santa Barbara high end homes and Montecito luxury property sales for the last few months remain strong and show no signs slowing down
MONTECITO, CA 93108 (5 acre view lot)
MONTECITO, CA 93108
Even with the recent sensationalized sub-prime mortgage hyperbole, higher end properties, particularly in the Santa Barbara property market, continue to chug along with sales to the likes of affluent business types, hedge fund participants and retiring baby boomers. What do they know that the others do not? Probably that they have seen this type of over reaction before and are unaffected by it, actually seeing this as a buying opportunity and taking advantage of it before the “regular” folk catch on, choosing to jump in while the rest are trying to get out. Hmmn!
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