There was a time, not too long ago, when the Westside was an afterthought for Santa Barbara home shoppers. Hidden behind Carrillo Hill, it lacked the direct beach access of the Mesa. Bounded to the East by Highway 101, it lacked the serenity of San Roque. And unlike more sought-after neighborhoods, it didn't have a sterling reputation.
But as real estate goes in cycles, so does the popularity of certain areas. The Westside is now experiencing a resurgence. No longer a de facto fallback option for buyers who are priced out of other areas, the Westside actually ranks high on some buyer's wish lists.
We aren't yet to the point where long-time locals cry foul at the gentrification of the area, but momentum is certainly picking up. See the chart below, in which we compare the median home prices of the Westside to all of Santa Barbara going back eight years.
Markets can change quickly, so we're keeping an eye on this development. Stay tuned for more research on other areas of interest, and reach out to us if you'd like to tour properties in person!
- Devin Wong