Feel like I'm pulling a GregW here, but let's say that HYPOTHETICALLY my wife got offered a job in Santa Barbara, what kind of price would one be looking at if buying or renting a small house or apartment (3 bedroom). Preferably near city and beach, or one of the two if both is too expensive. Keep in mind this is all HYPOTHETICAL, but feedback would be greatly appreciated as it might make the hypothetical aspect change
Besides Craigslist, any sites one can recommend for Santa Barbara related information? Any other thoughts on SB in general (been there once for a week when I was 17 and a few years after just passed through)?
Hi, Sam, how are you doing? Calcruzer (Gary) here.
Santa Barbara is one of the most expensive towns in California, but if you locate north of town near the college (in Goleta) as opposed to south of town (in Montecito and Summerland), prices will be much cheaper.
Townhomes start at $400,000 to $600,000; small homes at $600,000 to $850,000 and mid-sized homes at $900,000 and up.
Go to realtor.com and put in Santa Barbara to get an idea of what you can buy.
Home prices have been dropping a lot lately (down 17% in the SF area in the past year and about 10% in Santa Barbara), and are expected to drop about another 5 to 10% before leveling off.
Good luck with your search.
One need not live in Santa Barbara itself, but any location close to the coast will not exactly be cheap. My sister lives in Ventura, 30 minutes south, where prices drop about 20% below Santa Barbara.
SB has grown so much in the last 15 years - it's no longer small at all.
[ Edit: Edited on May 4, 2008, at 1:28 AM by Daawgon ]
Thanks for the replies!
We're kind of used to living very close to work (5 mins walk for me, 10 for my wife) and I'd rather spend more to live close to work than less to live further away. Seeing as this move would be driven by a potential change in job for my wife, we'd want to live as close to where she needs to be as possible, although I am not getting my hopes up yet that it can be as close as here in Oslo On a positive note for us is that the USD is down over 30% compared to the Norwegian kroner two years ago...
Do you think rentals would be readily available for say 1 to 2 year periods? In the CA market, buying might be a tad risky for such a short period...