Santa Barbara, CA

Real estate in Santa Barbara, California is a hot commodity. The city has a population of about 123,000 people and an average home price of $895,000. The city is located on the Central Coast of California and is known for its beautiful beaches and wineries.

The Santa Barbara real estate market has seen steady growth over the past few years. In January 2017, the median home price was $895,000 according to Zillow. This represents a 3% increase from January 2016. The average list price for homes in Santa Barbara during this time period was $1,050,000 which also represented a 3% increase from January 2016.

There are many reasons why people are buying or selling homes in Santa Barbara. Some buyers are looking for coastal property while others are looking for more space or amenities within the city limits. Additionally, there is a growing population of retirees who are choosing to live in Santa Barbara because of its warm climate and access to numerous recreational activities such as golfing and surfing.

One downside to the Santa Barbara real estate market is that it can be difficult to find properties that meet your specific needs or budget range. Another challenge that buyers face is finding financing options that fit their needs and meet their desired timeline for closing escrow. Overall though, the Santa Barbara real estate market continues to show signs of stability and growth with potential for even more appreciation in the future