Balanced Real Estate Market?

As a person who closely follows the market, I was surprised to see while putting together recent statistics for the Santa Ynez Valley that the market is considered to be at a *balanced level.

The lower-end price range of the market, and therefore certain areas of The Valley, are recovering faster than others. Areas with homes priced in the lower end (Buellton, Solvang and Los Alamos) are among those with a very limited inventory. We are beginning to see the mid-range market  follow suit and it is only a matter of time before the high-end market follows.

Click here to view the year to date statistics (January 1st through September 30th) which support the above. 

Note-There are properties in escrow, but in an effort to get back-up offers they may not recorded as such. I believe that we will see properties go from a status of active to sold without much lead-time, which will therefore skew the picture of the true level of activity.

*Guide:

0-3 months Sellers’ market

3-6 months balanced Market

6-9 months Buyers’ market

9-12 months weak market

Please contact me with any questions or if you would like any additional information.

Jenaé Johnson

Broker Associate

Mobile: 805.452.9812

Village Properties

Lic# 01308742