Market Report | South Santa Barbara County | July 2021

market report july 2021 | haden homes luxury property group | compass montecito

SANTA BARBARA COUNTY Residential Real Estate Market Report

2021

- south

July

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WE HAVE NEVER SEEN A BETTER TIME TO SELL

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The Hot Market Continues . . .

in South Santa Barbara County. While our beautiful Santa Barbara weather heats up–the market follows. The lack of available inventory and strong buyer demand has produced many over-asking offers which has contributed to rising prices in all segments of our market. Buying a property is very competitive now and quick decisions are often necessary to be in the game.

This has impacted the time a home spends on the market (days on market/DOM) which has been slashed from months to days. Our area is experiencing an unprecedented seller’s market and we have never seen a better time to sell, demonstrated by an astounding increase property sales prices and total sales in our area.

Year to date, we have total number of sales of 1355 single family and condominium homes with a 48% increase over 2020. The average sales price of single family homes has seen a 55% increase over 2020 at $3,096,927. Take a look at the July data that we broke down by city for you to review.

We also included several properties that are currently available that we feel are good values.

The market is moving fast and we have seen unparalleled activity. Let us help you navigate this frenzy by marketing your property for maximum exposure and pricing it to capitalize on it’s value. We offer concierge level professional service to our clients + have the experience required to put complicated deals together and negotiate the price and terms to secure your next property. Our goal is to get you the best price for your home and ensure your offer gets accepted for your replacement property.

Contact us to discuss a strategy . . .

Randy and Molly

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SANTA BARBARA COUNTY SINGLE FAMILY RESIDENCES + CONDOMINIUMS July YTD 2021 | In Review TOTAL SALES

1355

48% increase over 2020 SINGLE FAMILY RESIDENCES YTD TOTAL SALES

CONDOMINIUM HOMES YTD TOTAL SALES

45% increase over 2020

56% increase over 2020

AVERAGE SALES PRICE

AVERAGE SALES PRICE

$3,096,927

$1,010,990

956

55% increase over 2020

399

17% increase over 2020

MEDIAN SALES PRICE

MEDIAN SALES PRICE

$1,927,500

$820,000

40% increase over 2020

11% increase over 2020

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M I R A M A R B E AC H | M O N T E C I TO

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MONTECITO SINGLE FAMILY RESIDENCES + CONDOMINIUMS July 2021 | In Review TOTAL SALES

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AVERAGE SALES PRICE 53% increase from 2020

$6,266,313

MEDIAN SALES PRICE 49% increase from 2020

$4,566,250

HIGHEST SALES PRICE 296 Las Entradas Drive Montecito CA 93108

$22,114,000

LOWEST SALES PRICE

1220 Coast Village Road, Unit 305 Montecito CA 93108 (condo)

$1,000,000

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1708 PATERNA ROAD SANTA BARBARA CA 93103 Upper Riviera | Built 1920 5 BD | 4 BA | 3,216± SF | 0.38± AC Offered at $4,750,000

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SANTA BARBARA SINGLE FAMILY RESIDENCES + CONDOMINIUMS July 2021 | In Review TOTAL SALES

92

AVERAGE SALES PRICE 21% decrease from 2020

$1,800,576

MEDIAN SALES PRICE 6% increase from 2020

$1,500,000

HIGHEST SALES PRICE 3435 Marina Drive Santa Barbara CA 93110

$8,284,800

LOWEST SALES PRICE 1210 Cacique Street, Space 34 Santa Barbara CA 93103

$201,000 Manufactured Home

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861 E ALAMAR AVENUE SANTA BARBARA CA 93105 Ocean View Building Pad | Barn 8.13± AC | Avocado Trees Offered at $1,495,000

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F R A N C E S C H I PA R K + B A N D I T | S A N TA B A R B A R A

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H O P E R A N C H B E AC H L I F E G UA R D S TA N D | H O P E R A N C H

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HOPE RANCH SINGLE FAMILY RESIDENCES + CONDOMINIUMS July 2021 | In Review TOTAL SALES

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AVERAGE SALES PRICE 87% decrease from 2020

$7,358,700

MEDIAN SALES PRICE 162% increase from 2020

$7,075,000

HIGHEST SALES PRICE 3435 Marina Drive Hope Ranch CA 93110

$8,284,800

LOWEST SALES PRICE 4403 Via Abrigada Hope Ranch CA 93110

$7,200,000

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S U M M E R L A N D B E AC H | S U M M E R L A N D

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SUMMERLAND SINGLE FAMILY RESIDENCES + CONDOMINIUMS July 2021 | In Review TOTAL SALES

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AVERAGE SALES PRICE 31% decrease from 2020

$2,090,951

MEDIAN SALES PRICE 43% increase from 2020

$2,176,903

HIGHEST SALES PRICE 2556 Whitney Avenue Summerland CA 93067

$3,550,000 LOWEST SALES PRICE 2155 Ortega Hill Road, Unit 2 Summerland CA 93067

$460,000

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CARPINTERIA SINGLE FAMILY RESIDENCES + CONDOMINIUMS July 2021 | In Review TOTAL SALES

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AVERAGE SALES PRICE 45% decrease from 2020

$1,421,365

MEDIAN SALES PRICE 1% increase from 2020

$815,000

HIGHEST SALES PRICE 3557 Padaro Lane Carpinteria CA 93013

$12,950,000 LOWEST SALES PRICE 5750 Via Real Unit 304 Santa Barbara CA 93013

$289,000

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GOLETA SINGLE FAMILY RESIDENCES + CONDOMINIUMS July 2021 | In Review TOTAL SALES

56

AVERAGE SALES PRICE 46% decrease from 2020

$1,447,009

MEDIAN SALES PRICE 25% increase from 2020

$1,062,000

HIGHEST SALES PRICE 1402 N Fairview Avenue Goleta CA 93117

$5,400,000

LOWEST SALES PRICE 7465 Hollister Avenue, Unit 403 Goleta CA 93117

$229,000

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RANDY HADEN | MOLLY HADEN

LET’S CONNECT

DRE 01988499 | DRE 02020380 805.880.6530 | 805.880.6540 randy.haden@compass.com molly@hadenhomes.com

www.hadenhomes.com

$

46M

Total Sales 2020

1%

Top 1% of Agents

@hadenhomesrealtors

CHOOSE experience

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CONCIERGE Real Estate Service EXPERT PERSPECTIVE Now more than ever you need an expert advisor on your side who can provide comprehensive analysis and exclusive insights into today’s fast-paced housing market. We see every luxury property available and know the market. Our commitment to staying educated on what’s happening with economic news, the real estate market, local sales and listings is essential to your success when buying or selling properties.

CONCIERGE SERVICE We strive to deliver a high level of personalized service—personally! We provide our clients with cutting-edge strategies that produce ideal results. Our exceptional service is driven by efficient communication, understanding your needs and having expansive industry resources— combined with expert knowledge of the extensive contracts and required forms to protect your best interests. The process comes together as a result of our years of successful negotiating which leads to a winning deal. We listen carefully, anticipate your needs, execute the deal and handle all the details. The hard work starts when a contract is in place so you will be happy you chose representation experienced in closing the deal smoothly.

COMMUNITY INVESTMENT Sell a Home | Build a Home initiative. We are deeply connected and committed to the communities in which we live and work. Haden Homes Luxury Property Group has made a pledge to help individuals with housing needs by partnering with Habitat for Humanity. For every home that our clients buy or sell, Haden Homes makes a donation to Santa Barbara’s Habitat for Humanity.

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CHICAGO TITLE FIDELITY NATIONAL TITLE SANTA BARBARA MLS

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DATA SOURCES | LISTING DISCLOSURE All information provided is deemed reliable but has not been verified and we do not guarantee it. We recommend that buyers make their own inquiries.

Data source Fidelity National Title, Chicago Title and Santa Barbara MLS. INdata Market Reporting through July 2021.

Properties featured are courtesy of the Santa Barbara MLS and are available for sale at time of publication. They may be listed by brokers and/or agents other than Compass or Haden Homes Group. Contact us for details.