SANTA BARBARA COUNTY
market report october 2021 | haden homes luxury property group | compass montecito
2021
October
- south
Residential Real Estate Market Report
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almost $4 billion in sales volume ytd. . .
I C O N I C S A N YS I D R O P H A R M ACY + M O N T E C I TO C O F F E E S H O P AT DAW N | M O N T E C I TO
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It’s Up Up Up . . . for sales on the Santa Barbara Coast despite the lack of inventory in all
price ranges.
Year to Date there has been almost $4 Billion in Sales Volume during the first 10 months of 2021—which is an astounding +62.3% over 2020. WOW! We are happy to report that Compass brought in over $1 Billion of these numbers and we are truly grateful to all who have trusted us to represent them! Total Properties Sold were 1,258—up +18.6% over 2020 and the Median Sales Price is a remarkable $1,897,500—up +25% over 2020 (stats excludes condos). We included graphs to give you a true visual back to 2017. Our Market Report breaks down the numbers for all locations PLUS highlights properties that are currently available right now that we feel are good values.
Supply is not keeping up with continued demand so we are seeing fewer sales but with
over-asking price sold prices and more off market deals than ever before. All factors contributing to rising prices in every segment of our market. Work-from-home situations are more prevalent, giving people new reasons to re-evaluate where they call home. The number of people relocating from other areas continues to climb each month. We have multiple buyers looking for homes in Montecito, Santa Barbara and Hope Ranch—we have never seen a better time to sell.
Sellers are in an extraordinary situation, fueled by historically low inventory and an ever
growing desire to live here. Buyers are facing fierce competition and quick decisions are often necessary to be in the game. That does not mean you should sit this one out. Be prepared by having your proof of funds ready or getting pre-approved by a lender so you can maximize your chances of securing an offer. We have successfully helped many clients win in this aggressive environment with multiple bid situations—even if you need a loan. Who you work with matters and we have a proven record of succeeding in this highly competitive market. Our team offers concierge level professional service to all of our clients and have the experience necessary to put complicated deals together. Our world class marketing along with our Compass reach will give your property maximum exposure, including pricing it to capitalize on its value and negotiating the optimal price and terms with potential buyers. Then making sure your offer is accepted on a replacement property. Let us help you navigate through this unprecedented market. Contact us to discuss a strategy. Choose experience . . .
Randy and Molly
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B A N D I T E X P L O R I N G T H E U P P E R R I V I E R A | S A N TA B A R B A R A
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- south -
SANTA BARBARA COUNTY SINGLE FAMILY RESIDENCES + CONDOMINIUMS (combined sales)
October YTD 2021 | In Review TOTAL SALES
1923
14% increase over 2020
AVERAGE SALES PRICE 23% increase over 2020
$2,450,000 MEDIAN SALES PRICE 25% increase over 2020
$1,498,000
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B U T T E R F LY B E AC H | M O N T E C I TO
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- south -
SANTA BARBARA COUNTY SINGLE FAMILY RESIDENCES + CONDOMINIUMS (separated sales)
October YTD 2021 | In Review
SINGLE FAMILY RESIDENCES YTD
CONDOMINIUM HOMES YTD
TOTAL SALES
TOTAL SALES
12% increase over 2020
19% increase over 2020
1351
572
AVERAGE SALES PRICE
AVERAGE SALES PRICE
$3,048,027
$1,040,222
MEDIAN SALES PRICE
MEDIAN SALES PRICE
$1,875,000
$839,500
30% increase over 2020
26% increase over 2020
18% increase over 2020
13% increase over 2020
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S O U T H S A N TA B A R B A R A C O U N T Y M A R K E T R E P O R T | O C TO B E R 2 021
- homes | estates | puds -
TOTAL UNITS SOLD YTD 2017—2021
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- homes | estates | puds -
MEDIAN SALES PRICE YTD 2003—2021 - 27% Increase Over 2021 -
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S O U T H S A N TA B A R B A R A C O U N T Y M A R K E T R E P O R T | O C TO B E R 2 021
2825 HIDDEN VALLEY LANE | MONTECITO CA 93108 Two Separate Gated and Walled Building Sites | 1.12± Acres One: 900±SF 1BD/1BA Casita | Two: Flat Building Pad Offered at $3,495,000
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MONTECITO SINGLE FAMILY RESIDENCES + CONDOMINIUMS October 2021 | In Review TOTAL SALES
22
AVERAGE SALES PRICE -19% decrease from 2020
$5,014,295
MEDIAN SALES PRICE 63% increase from 2020
$4,416,250
HIGHEST SALES PRICE 36 Hammond Drive Montecito CA 93108
$10,000,000 LOWEST SALES PRICE 1050 Fairway Road Montecito CA 93108
Click for Real Time Market Data
$879,000 condo
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We All Know That Home Values Have Risen A Huge Amount During This Time. But I Believe That The Value Of Our Home In Our Lives Has Risen Even More. — Robert Reffkin, Compass Founder/CEO
M O N T E C I TO C L U B A N D S A N TA Y N E Z M O U N TA I N S | M O N T E C I TO
MONTECITO SALES | OCTOBER
13 Address
List Price
Sold Price
% to List
DOM
36 Hammond Drive
$8,450,000
$10,000,000
118%
1
403 Woodley Road
$8,495,000
$9,606,500
113%
10
1550 Miramar Beach
$8,750,000
$9,000,000
103%
22
730 Lilac Drive
$8,950,000
$8,500,000
95%
1
610 Olive Road
$8,950,000
$7,450,000
83%
15
$7,998,500
$5,796,000
72%
306
175 Miramar Avenue
$5,850,000
$5,700,000
97%
33
2900 Sycamore Canyon
$6,250,000
$5,675,000
91%
32
456 Crocker Sperry Drive $6,150,000
$5,442,000
88%
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325 San Ysidro Road
$4,495,000
$4,660,000
104%
7
20 Alston Place
$4,495,000
$4,482,500
99%
13
1599 ½ East Valley Road
Off Market
$4,350,000
100%
1
2695 Sycamore Canyon
Off Market
$4,312,500
100%
1
726 El Rancho Road
$3,700,000
$3,900,000
105%
5
1968 Inverness Lane
$3,495,000
$3,900,000
112%
1
2350 Bella Vista Drive
$4,250,000
$3,850,000
91%
2965 East Valley Road
Off Market
$3,150,000
100%
1
122 Via Alicia
$3,150,000
$3,075,000
98%
46
1333 Plaza Pacifica
$3,250,000
$2,700,000
83%
23
$2,195,000
$2,200,000
100%
1
1309 Plaza De Sonadores $2,350,000
$1,700,000
72%
23
$865,000
96%
136
797 Ashely Road
1705 Sycamore Canyon 1050 Fairway Road
$899,000
* DOM = Days on Market
106
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C H A S E PA L M PA R K | S A N TA B A R B A R A
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SANTA BARBARA SINGLE FAMILY RESIDENCES + CONDOMINIUMS October 2021 | In Review TOTAL SALES
77
AVERAGE SALES PRICE 23% increase from 2020
$1,962,051
HIGHEST SALES PRICE 3232 Campanil Drive Santa Barbara CA 93109
$10,100,000
MEDIAN SALES PRICE 29% increase from 2020
LOWEST SALES PRICE 3435 Richland Drive, Unit 14 Santa Barbara CA 93105
$1,600,000
Click for Real Time Market Data
$399,000 Condo
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WA L K I N G / H O R S E T R A I L S | H O P E R A N C H
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HOPE RANCH SINGLE FAMILY RESIDENCES + CONDOMINIUMS October 2021 | In Review TOTAL SALES
3
AVERAGE SALES PRICE 112% increase from 2020
$9,033,333
MEDIAN SALES PRICE 55% increase from 2020
$6,800,000
HIGHEST SALES PRICE 4335 Marina Drive Hope Ranch CA 93110
$18,000,000 LOWEST SALES PRICE 970 Monte Drive Hope Ranch CA 93110
$2,300,000
Click for Real Time Market Data
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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 October 2021 | In Review TOTAL SALES
3
AVERAGE SALES PRICE 133% increase from 2020
$8,133,000
MEDIAN SALES PRICE 24% increase from 2020
$2,999,000
HIGHEST SALES PRICE 2709 Vista Oceano Lane Summerland CA 93013
$19,500,000
LOWEST SALES PRICE 120 Hollister Street Summerland CA 93067
$1,975,000
Click for Real Time Market Data
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FA R M E R S M A R K E T | CA R P I N T E R I A
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CARPINTERIA SINGLE FAMILY RESIDENCES + CONDOMINIUMS October 2021 | In Review TOTAL SALES
15
AVERAGE SALES PRICE 135% increase from 2020
$2,290,967
MEDIAN SALES PRICE 98% increase from 2020
$1,585,000
HIGHEST SALES PRICE 3600 Foothill Road Carpinteria CA 93013
$9,500,000 LOWEST SALES PRICE 6180 Via Real, Unit 118 Santa Barbara CA 93013
Click for Real Time Market Data
$349,000
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S A N TA B A R B A R A S H O R E S C O U N T Y PA R K | G O L E TA
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GOLETA SINGLE FAMILY RESIDENCES + CONDOMINIUMS October 2021 | In Review TOTAL SALES
52
AVERAGE SALES PRICE 17% increase from 2020
$1,250,516
HIGHEST SALES PRICE 66 Hollister Ranch Road Goleta CA 93117
$3,250,000
MEDIAN SALES PRICE 16% increase from 2020
$1,082,500
LOWEST SALES PRICE 333 Old Mill Road, Space 36 Goleta CA 93117
$155,000
Manufactured Home
Click for Real Time Market Data
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0000 LONG VALLEY ROAD | SANTA YNEZ CA 93460 Prestigious Woodstock Ranch | Sweeping Vista Views 18.53± AC | Endless Possibilities for Ranch/Vineyard/Family Estate Offered at 999,000
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SANTA YNEZ VALLEY SINGLE FAMILY RESIDENCES + CONDOMINIUMS October 2021 | In Review TOTAL SALES
263
- SINGLE FAMILY HOMES AVERAGE SALES PRICE 1% increase from 2020
$1,519,881
MEDIAN SALES PRICE 26% increase from 2020
$1,250,000
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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 Real Estate 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 or to set up a private showing at 805.880.6530.