With the Montecito real estate market up an incredible 30% for this year with the rest of the state and country’s real estate markets reeling, and with economic experts predicting an end to the national real estate market softness, these current Montecito properties for sale may very well be the best Montecito real estate values for buyers to be seen in the next 10 years. Solid real estate markets like the Montecito CA real estate market are predicted to be the first to see a return to strongly appreciating real estate markets as the rest of the softer markets recover. This "blue chip" investment phenomenon is a reliable market action and should be a reasonable indicator for the coming year in the Montecito real estate market place.
The Santa Barbara real estate market has faired quite well comparatively over the last 3 years while other markets have softened. The higher end Santa Barbara real estate market has performed especially well, with Montecito real estate median prices up 30% in 2008 over 2007.