SANTA BARBARA 

AREA INFORMATION

OUR TAKE ON LIVING IN SANTA BARBARA AND THE LIFESTYLE THAT SANTA BARBARA AFFORDS

 

The Santa Barbara area (also known as the South Coast or Southern Santa Barbara County) is generally known to consist of Carpinteria, Summerland, Montecito, Santa Barbara, Hope Ranch and Goleta. Cities to the North of us, from 35 to 75 minutes drive, include Lompoc, Santa Maria, Buellton and Santa Ynez. The nearest cities to the South of us are Oxnard, Ventura and Ojai about 40 miles South and East.  Los Angeles is about 100 miles South, which guarantees our tourism industry. There are about 100,000 people in the City of Santa Barbara, and another 100,000 in the South Coast, so we are a comfortable community of 200,000 nestled between the mountains and the sea. 

Long considered one of California's most beautiful communities, Santa Barbara occupies a narrow plain that slopes southward from the rugged Santa Ynez Mountains to palm-fringed Pacific beaches. The weather is truly world class and usually warm throughout the year. There is an abundance of Spanish-Mediterranean architecture with red-tiled roofs and white walls. There is a wide selection of things to see and do in Santa Barbara, such as the Mission, Museum of Art, Lobero Theatre, the Courthouse, Bird Refuge, Zoo, ocean and harbor activities, parks, Cabrillo Blvd. bikepaths, Paseo Nuevo shopping plaza, botanic garden, ocean view hiking trails, etc. Out of towners are often shocked at the high prices in the Santa Barbara area. But remember, you're not just buying a building of wood and stucco, but rather a lifestyle and weather envied the world over. Santa Barbara has unimaginable beauty with its location between the mountains and the sea. Cultural opportunities abound and the people are laid-back.

Long considered one of California's most beautiful communities, Santa Barbara occupies a narrow plain that slopes southward from the rugged Santa Ynez Mountains to palm-fringed Pacific beaches. The weather is truly world class and usually warm throughout the year. There is an abundance of Spanish-Mediterranean architecture with red-tiled roofs and white walls. There is a wide selection of things to see and do in Santa Barbara, such as the Mission, Museum of Art, Lobero Theatre, the Courthouse, Bird Refuge, Zoo, ocean and harbor activities, parks, Cabrillo Blvd. bikepaths, Paseo Nuevo shopping plaza, botanic garden, ocean view hiking trails, etc. Out of towners are often shocked at the high prices in the Santa Barbara area. But remember, you're not just buying a building of wood and stucco, but rather a lifestyle and weather envied the world over. Santa Barbara has unimaginable beauty with its location between the mountains and the sea. Cultural opportunities abound and the people are laid-back.

CONDOMINIUMS

In Santa Barbara 2BR condos start in the high $400,000's. Many first time buyers start at the Santa Barbara Highlands: 34 years old and featuring fees of $437/mo., carports, fireplaces, 2 pools, spa and a central hillside location close to beaches and the city. There are homes for sale in the city of Santa Barbara starting in the $600,000's. As the downtown area is older (1920's), most of the entry level (cheaper) homes are 60+ year old 2BR's on small lots with no garage. There are 2 locations for ocean view homes: the Mesa and the Riviera. The Mesa is popular because it is close to the beaches and ranges in price from $950,000 to $3,600,000. The Riviera has fancier, newer view homes from $1,500,000 and up. Other popular residential locations include San Roque, priced from $750,000 to $2Million, the East-side, with many older large homes priced from about $800,000 and Hidden Valley, with 25 year old 3 and 4BR homes selling for $800,000 and up.

SANTA BARBARA REAL ESTATE AND ECONOMIC NEWS

Prices dropped 40% between 2006 and 2012, but we experienced a 15 to 20% rebound in the last year.

You can find 30 year fixed rates around 4.5%, which is $507 per month per $100,000 borrowed.

If you find a home that works for you and that you can afford, buy it!

For a free summary of the most recent Real Estate and Economic Forecast give me a call at 805-564-3400 or email kevin@sbre.com

The localized Santa Barbara real estate market means that you will need a good Buyer's Agent to succeed.

Contact Kevin Young: I have 30 years of local experience helping Buyers in Santa Barbara.

To see what is available for sale in your price range go to www.sbhomesearch.info. Or, search by neighborhood www.sanroquehomes.info, www.mesahouses.info, www.hoperanchhomes.info, www.montecitohouses.info, www.rivierahouses.info, www.sbunits.info.

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property of Kevin Young and/or Coastal Properties1086 Coast Village Road, Santa Barbara, CA 93108

 

 

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