As a 17 year career veteran in the Santa Barbara real estate market, Demographics, Slow Growth Development, Geography and Climate are an irresistible draw to paradise.
We are asked constantly by locals and visitors alike: How do Santa Barbara Real estate values continue their solid growth, even while other markets fluctuate. The answer is really relatively simple in a couple of aspects. First of all, look around. Santa Barbara California is one of the most beautiful and desirable locations on earth. Year round temperatures in the 70’s and over 300 days of sunshine annually is a rare commodity on this planet. Beautiful beaches, boating, incredible natural resources of the Cannel Islands 25 miles off shore and close in, the awe inspiring mountain terrains of the Santa Ynez range. So naturally the community grew, first a Mission site, then a resort town. And now home to a diverse albeit affluent population. The geography, with the ocean to the south and west and Santa Ynez Mountains to our north and east, create a finite area with a micro climate that is the envy of the rest of the world and that, in and of itself, has strong influence on Santa Barbara property demand staying strong.
One stance prevalent in the Santa Barbara community is its zealous insistence on minimal growth. This is almost unnecessary as the geographic area of Santa Barbara’s south coast is essentially already beautifully "grown up", and in fact has become a model that other municipalities have emulated. There are no large developable tracts of land, just scattered individual lots for the most part, and building on those remaining parcels is a challenge of will and humility when dealing with local government regulators. What little development that now appears is strongly influenced toward the latest Green Building techniques. So understandably, pressure for existing Santa Barbara homes is sustained.