October's First-Time Homebuyer Report for Santa Barbara County

With 423,895 residents, Santa Barbara County is a larger than average county in California. Also, with a 6.2% increase over the last 10 years, its population is growing about even with other parts of the state. Its three largest cities are Santa Maria, Santa Barbara, and Lompoc. Santa Barbara County is made up of homes that are considered relatively old with a median of 38 years. The top school in the county is Cold Spring Elementary School.

Price Range

The median value of homes in Santa Barbara County is $371,200, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $1,026,869. The Santa Barbara County market showed strong improvement this week as sales rose 14.3% to reach 48 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months.

Make sure you take a look at these eye-catching homes in Santa Barbara County that generated the most views from potential buyers:

$35M   $14.9M   $499K  

Typical Dwelling

A three-bedroom detached home valued around $606,706 is considered a typical dwelling in Santa Barbara County. If a buyer was looking for a similar home, they would need good credit and a $121,341 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,578 and the property tax rate is $5.62 per $1,000 of taxable assessed value.

Get started right now by checking out Santa Barbara County homes for sale or reviewing Santa Barbara County real estate trends.


Data reported through 10/13/2016

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