Charming Early 20th-Century Bungalow in Santa Barbara Lists for $1,750 per Sq. Ft.

A restored early 20th-Century bungalow in Santa Barbara’s Lower Riviera has hit the market for $1,750 per square foot. The property offers a blend of historic charm and modern amenities. 

The single-family home is located in the Historic Bungalow Haven District and has been listed for $1.79 million, according to a listing on Redfin. 

Originally built in 1917, the Craftsman bungalow has been updated over the years while preserving its architectural integrity and original character.  

Situated on 601 E Victoria Street, the property spans 1,026 square feet and features two bedrooms and 1.5 bathrooms. 

The kitchen includes a vintage-style fridge and warm maple flooring. 

The bathroom features dual sinks, marble countertops, and a classic clawfoot tub. 

 

 

 

 

 

 

View this post on Instagram

 

 

 

 

 

 

 

 

 

 

 

 

A post shared by Jen Stein (@jsr_kw)

The property has a wraparound porch, which offers sunset views, and is surrounded by a landscaped private garden. It sits close to the Santa Barbara Bowl and downtown shops and eateries. 

The bungalow last traded for $1.09 million in April 2019 after being listed for $1.19 million in December 2018, according to its sale records. 

Since its last sale, the property was listed several times for rent, with listing prices ranging from $4,900 to $5,500 per month. 

The property was listed by Jen Stein of Keller Williams Realty Santa Barbara. 

The Victoria Street-Laguna neighborhood is a balanced housing market, with a slight tilt towards a seller’s market, according to Redfin estimates. This means that the supply and demand of homes are relatively equal. 

Santa Barbara’s Housing Market

Santa Barbara’s overall housing market is somewhat competitive, with homes in the city receiving one offer on average and selling in roughly 43 days, according to Redfin. 

The median listing price of homes in the city stands at $2.5 million, underscoring the high demand of the city’s housing market, according to Realtor.com.

The median rent is around $5,900 per month, with nearly 337 homes listed for sale.

Homes in Santa Barbara tend to take longer to sell, with the median days on market rising over 14% compared to last year, according to Realtor. This indicates that the market is showing signs of slowing down for buyers. 

The median sale price has dropped by 13% YOY, which could influence how sellers sell their properties. 

The rental sector is also witnessing a decline, with the median rent slipping by 11% from the previous year. The shift impacts renters’ affordability and demand. 

However, inventory has been increasing, according to Realtor. The number of homes for sale grew by 6.49% month-over-month, indicating that more listings are becoming available for buyers.