Joanne Schoenfeld

The California Association of Realtors recently posted statewide sales for June.  As you can see in the accompanying articles sales are up and prices are down.  There are a significant number of distressed properties available and the bank owners need to get the off their books which they do by slashing the prices dramatically.  Unfortunately, this has a negative impact on neighboring properties. 

It is great news that buyers are making purchasing commitments where before they were sitting on the sidelines.  Once the bank owned properties are flushed out of our inventory, pricing will likely rise.  Those who purchase now

We are proud to announce that this Sunday, July 27, 2008, 2:00 PM to 4:00 PM we will be hosting an Open House at 2630 State Street, Unit 7 , in Los Encinos in Upper East, Santa Barbara. This is an opportunity to visit this excellent Condo for sale in beautiful Upper East. Please come with any questions you may have. In the meantime you can take a virtual tour of this Upper East Condo for sale. As always please do not hesitate to give me a call at 805-563-9989 if I can answer any questions before the open house, or if you would like to book a private showing. Joanne Schoenfeld RE/MAX Santa Barbara

I just finished uploading this Condo for sale, 2630 State Street, Unit 7, Santa Barbara, CA

Exceptionally spacious, two bedroom, two bath condo located near the best of Santa Barbara’s shopping, dining & cultural activities. This lower level unit features a large, private patio, huge walk-in closet, dual pane windows, crown molding, bee hive fireplace, updated kitchen & bath. Association provides pool and spa, all water (including hot), trash pickup, exterior maintenance and landscaping, plus insurance.

 

In my last blog, I talked about what incredible opportunities await buyers in this market as sellers reluctantly reduce their prices on their properties and buyers are able to afford homes that they could only have dreamed about in years past.  This was brought home on my recently reduced San Roque home at 3813 Center Avenue.  We dropped the price to $1,095,000 and after a flurry of activity chose a nice clean offer to take to escrow.  A win/win for all. 

My seller on 1528 Cliff Drive has also decided to slash their price on this classic 1920's ocean view adobe.  It's a gorgeous blend of original

Every day there are frightening news reports of doom and gloom in the real estate market.  It is absolutely true that there are many homeowners that are overextended and can no longer afford their properties, but it is also true that this can afford buyers the opportunity to pick up some great bargains.  It is not necessary to look for foreclosures for those bargains as they are oftentimes in poor condition.  I have just reduced the price in two of my listings, 3813 Center and 6266 Marlborough.  Check them out and you may be pleasantly surprised at what you can purchase in our community that might have been beyond your abilities last year.