Santa Barbara Real Estate Market Overview
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Location and Weather
Santa Barbara is a picturesque and affluent coastal city lying along the Pacific coast at the base of the Santa Ynez Mountains. It faces the Santa Barbara Channel and is only 97 miles northwest of Los Angeles. Many buildings were restored in Spanish Colonial style after an earthquake in 1925. And the city’s adobe style building is preserved by law.
Known for its perfectly mild climate, Santa Barbara has a warm season from early July through September with an average high temperature in the low 80’s and low temperature in the mid 60’s. From late November through March it is cooler with the daily high temperatures below 70 degrees. The evening low temperatures then are in the mid 40’s.
Population, Job Market and Cost of Living
Santa Barbara’s population in 2018 was 91,350 with a growth rate of -0.24%. The job market has increased by 0.8% over last year. Ten-year future predicted job growth is 28.2%. The largest employers are Health Care & Social Assistance, Educational Services and Accommodations & Food Services. Major companies in Santa Barbara include Becker Studios – home design, Mission Linen Supply and the Santa Barbara Zoo. The cost of living is high due to the desirable location and Santa Barbara real estate market with a high cost of housing.
With such a desirable location and climate, beautiful Pacific Ocean and mountain views, steady job growth and growing businesses Santa Barbara will continue to be a sought-after place to live on the Pacific coast.