What Does $1 Million Buy In Today's Santa Barbara Real Estate Market?

As the real estate market has continued it's strong pace over the last few years, values have simply continued to go up in every area here in Santa Barbara.  In some neighborhoods we have now reached the peak level prices that we saw in 2007.  In the areas that have not reached these levels, prices are only 10-15% below these peak levels. So where are we today in and around the $1 million price point. I have gone ahead and listed below 3 recent closed properties as well as 2 properties that are currently under contract.

    1. 530 De La Vista Avenue, Santa Barbara CA, closed August 2015 for $964,000.  A classic 1920's California style home located in Santa Barbara's Bungalow District just minutes from beautiful downtown Santa Barbara. This 2 bedroom 2 bath home is light & bright with hardwood floors, fire place, open kitchen, wood planked backyard deck & beautiful landscaping.  This home was on the market about 6 weeks.                                  Screen Shot 2015-09-17 at 9.57.42 AM

    1. 2324 Chapala Street, Santa Barbara CA, closed August 2015 for $1,049,000.  Located behind a high hedge with private front and rear yards / patios, this 1925 expanded bungalo captures period grace with room for modern living.  This home was on the market about 3 weeks.Screen Shot 2015-09-17 at 9.58.40 AM

    1. 627 Ricardo Avenue, Santa Barbara CA, closed August 2015 for $1,025,000.  Alta Mesa home with ocean & sunset views. Views from living room, kitchen, family room, and back yard out to the ocean, islands, and campus point.  Enlarged 1,800 square feet, 4 beds, 2 baths, original condition on ¼ acre lot in sought-after Washington School District.  Pool and patio area, storage shed, play house in rear yard.  This home was on the market only about 1 week.Screen Shot 2015-09-17 at 9.59.57 AM
    2. 501 East Calle Laureles, Santa Barbara CA, pending sale, listed at $995,000.  Perfectly positioned on a south facing corner lot this home offers security, privacy and expansive views with the islands in the distance. Located in the highly sought after San Roque neighborhood and acclaimed Peabody school district this 3 bedroom 2 bath home is turn key, but also offers tremendous potential.  This home has been on the market about 5 months.Screen Shot 2015-09-17 at 10.02.30 AM

  1. 449 Apple Grove Lane, Santa Barbara CA, pending sale, listed at $995,000.  Step inside this gorgeously appointed home and find yourself in a tranquil retreat...perfect for enjoying the SB lifestyle. Refinished oak floors, skylights, recessed lighting, remodeled kitchen and baths, and a new back deck and landscaping add to the appeal of this immaculate home. All this in a central SB location and the popular Vieja Valley School District.  This home was on the market less than 10 days.
    Screen Shot 2015-09-17 at 10.03.43 AM

Further Reading:

  1. Santa Barbara Market Statistics

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