Foreclosures in Santa Barbara, CA 93103

Buyer vs Seller Market in Santa Barbara, CA

The real estate market in Santa Barbara remains robust, driven by high demand and limited inventory. Home prices have continued to rise, making it one of the more expensive markets within California. Buyers are showing significant interest in coastal properties, often resulting in competitive bidding situations for desirable homes.

An influx of remote workers has led to an increased desire for quality homes with outdoor spaces. Condominiums and single-family homes are both in high demand, particularly those featuring ocean views or proximity to parks and schools. The overall market shows a trend towards luxury properties, with many buyers willing to invest above the asking price to secure a dream home.

Rent Prices In Santa Barbara, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Santa Barbara, CA, is on a rollercoaster ride. The average rent price in Santa Barbara, CA, is $3,400.00. Indeed, when looking to rent in Santa Barbara, CA, you can expect to pay as little as $1,160.00 or as much as $8,260.00, with the average rent median estimated to be $3,250.00. The good news is that finding an affordable and desirable property to rent in Santa Barbara, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.