Housing Trends & Values
The Santa Barbara real estate market is divided into a handful of local cities and regions including: Carpinteria, Summerland, Montecito, Santa Barbara proper, Hope Ranch, Goleta, and Isla Vista. Here is some detailed information on real estate and home pricing by area.
Santa Barbara Real Estate Market Areas:
Carpinteria is the southernmost town in south Santa Barbara county. It offers both a slower pace of life and a slower-paced real estate market. Carpinteria can be a great fit for those looking for a small town feel with easy access to a larger metropolitan area like Santa Barbara.
Summerland is a small hillside community between Carpinteria and Montecito offering phenomenal ocean views, easy access to the beach, and a charming little downtown known for its boutique shops, great dining, and great sources for antiques.
Montecito is Santa Barbara’s most affluent real estate area and most expensive market. This area just south of Santa Barbara proper is home to successful CEOs, entrepreneurs, and celebrities like Oprah and Steve Martin.
Santa Barbara proper offers the true California lifestyle, great weather, and luxury amenities expected of this affluent and popular vacation destination. With more restaurants per capita than any city in the U.S, great shopping, and charming architecture, Santa Barbara is home to many who simply could not bear the thought of their Santa Barbara vacation coming to an end.
Hope Ranch is another exclusive and expensive area that rests along the coast between Santa Barbara and Goleta. Offering more space and privacy than most areas in Santa Barbara, this community is home to golfing, beach, and equestrian enthusiasts.
Goleta is a recently incorporated city just north of Santa Barbara. It is a fast-paced market because of high demand for its more affordable, family-friendly housing. Goleta is characterized by beautiful beaches and mountain ranges, and boasts outstanding career opportunities in higher education, engineering, and technology.
Isla Vista is a densely populated community situated adjacent to the University of California, Santa Barbara (UCSB) and Goleta. Besides traditional single-family homes, opportunities to invest in multi-family income properties abound.