When it comes to luxury real estate in the United States, Santa Barbara isn’t just a contender — it’s at the top. According to the Fall 2025 Wall Street Journal/Realtor.com Luxury Housing Market Ranking , the Santa Maria–Santa Barbara metro area claimed the 10th spot nationally , with homes in the top 10% of the market starting at a staggering $8.95 million . Why Santa Barbara Still Reigns The headline figure tells only part of the story. Dig a little deeper and you uncove