SANTA BARBARA REAL ESTATE MARKET CONDITIONS Wall Street Journal Real Estate News Flash The New Gold Coast One Stretch of California Defies Housing Slump; Median Sale, $1 Million Santa Barbara's high-end housing market is set for its best year ever, according to Wendy Gragg, chief executive of the Distinctive Real Estate agency. Just counting properties with a value of at least $10 million, the area notched more than $195 million in sales so far this year, putting it on track to beat last year's local record of $219 million. [ Read Article on WSJ.com ]
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Santa Barbara is an investment you can live with!

Here are the very impressive 5 and 10 year returns based on median selling price of Montecito and Hope Ranch - the two crown jewels of Santa Barbara real estate. It is for good reason that the long view is the most accurate, as annual comparisons are often skewed by a single large purchase.

While these returns are very impressive and alone may attract your attention, you must also consider the excellent quality of life of Santa Barbara.

Santa Barbara is a small oceanfront resort community. With around 300 days of sunshine per year, and an average 70 degree temperatures year round, its no wonder people refer to Santa Barbara as paradise. Santa Barbara is a feast for the senses. Palms sway in the soft ocean breezes along miles of sandy coastline. The gorgeous architecture and colorful and bountiful landscape throughout the year, helped Santa Barbara earn its trademark, "The American Riviera" The aforementioned impressive returns coupled with this honest description makes Santa Barbara an investment you can live with!

 

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