SDR – I listed 5492 Valerio Trail in my previous post but I am showing that it sold for $ 1,815,000 and that the top sale to date in Santa Barbara was at 5488 Valerio Trail (also listed in my post) at $ 1,825,000.
So, I think that’s where the confusion comes in. Either my data or yours is flawed.
And no, I am not worried at all. I paid off my house and intend on staying here for a long time (or until I find a home on the bay in Point Loma – I love to surf and sail and that’s where I grew up, so I have a lot of friends and family still living in that area).
So far, all I see is a slowing down of sales and prices probably reaching a peak at Santa Barbara. I think a lot of these folks will simply pull their homes off the market if they don’t get their prices (at least the people I know whose homes are for sale will do that).
