Santa Barbara, CA | web: 0113881
Santa Barbara Market Update First Quarter 2015 SANTA BARBARA BROKERAGES Montecito - Coast Village Road Brokerage | t. 805.969.9993 Montecito - Upper Village Brokerage | t. 805.969.5005 Santa Barbara Brokerage | t. 805.963.1391 Santa Ynez Valley Brokerage | t. 805.688.4200
sothebyshomes.com All data within this document is pulled from the Santa Barbara MLS. Areas include from Carpinteria - Goleta North.
FIVE YEARS OF AVERAGE SELLING PRICES | Q1
$5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 2011 Montecito
2012 Santa Barbara
2013
2014
Carpinteria | Summerland
2015
Hope Ranch
Goleta
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1 $5,000,000
70
$4,500,000
60
$4,000,000
MONTECITO
$3,500,000
The community of Montecito offers a serene
$2,500,000
retreat and boasts tree-lined streets with lavish
$2,000,000
estates, many of which are architecturally
$1,500,000
significant, including English-style manor
$1,000,000
50
$3,000,000
houses and elegant contemporary homes that stretch from the beach up into the foothills.
40 30 20 10
$500,000
0
$0 2011
Elegance is exuded in every detail of its stunning
2012
2013
Average Sale Price
surroundings and relaxed atmosphere.
2014
2015
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$3,016,758
$4,248,511
$3,300,473
$3,092,399
$4,622,002
49%
AVERAGE SOLD PRICE
$2,724,060
$3,531,520
$3,137,099
$2,868,278
$4,321,954
51%
TOTAL SFH SOLD
33
52
59
43
54
26%
DISCOUNT RATIO
90%
83%
95%
93%
94%
SINGLE FAMILY HOMES | Q1
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
250 60
$1,400,000 $1,800,000
$1,600,000 $1,200,000 $1,400,000 $1,000,000 $1,200,000
CARPINTERIA / SUMMERLAND The oceanside city of Carpinteria has its own special character and is known as a residential and agricultural gem with gorgeous bluffs
40
$1,000,000 $800,000 $800,000
150 30
$600,000 $600,000
20 100
$400,000 $400,000 $200,000 $0 $200,000
overlooking the ocean and beautiful beaches.
50 200
10 50 0
2011
2012
$0 2010
2013
2014
2015
Average Sale Price 2011 2012
Total SFH Sold 2013
2014
Average Sale Price
0
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$608,305
$726,689
$989,706
$1,259,781
$1,847,833
47%
AVERAGE SOLD PRICE
$578,235
$665,382
$954,764
$1,221,883
$1,691,536
38%
TOTAL SFH SOLD
31
38
53
26
55
112%
DISCOUNT RATIO
95%
92%
96%
97%
92%
SINGLE FAMILY HOMES | Q1
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1 $4,500,000
14
$4,000,000
12
$3,500,000 10
$3,000,000
HOPE RANCH The palm-lined community of Hope Ranch is a world of its own. Hope Ranch properties have
$2,500,000
8
$2,000,000
6
spectacular views of both the mountains and the
$1,500,000
ocean. A wonderful blend of fine estates, Hope
$1,000,000
Ranch remains one of the great gems of gracious
4 2
$500,000
living in the Santa Barbara area.
$0
0 2011
2012
2013
Average Sale Price
2014
2015
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$3,235,000
$2,013,417
$2,504,538
$4,161,000
$4,195,250
1%
AVERAGE SOLD PRICE
$2,737,500
$1,875,854
$2,389,251
$3,967,688
$3,870,417
-2%
TOTAL SFH SOLD
4
6
13
8
12
50%
DISCOUNT RATIO
85%
93%
95%
95%
92%
SINGLE FAMILY HOMES | Q1
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1 $1,400,000
200
$1,400,000 $1,200,000
250 180 160
$1,200,000 $1,000,000
SANTA BARBARA
200 140
$1,000,000 $800,000
Known as the American Riviera, Santa Barbara is
$800,000 $600,000
truly one of California’s most vibrant and beautiful
$600,000 $400,000
cities. The alluring landscape is enhanced by the red-tiled roofs of homes, the foliage of its Spanish
$400,000 $200,000
heritage, the striking backdrop of the Santa Ynez
$200,000 $0
Mountains and the majestic palm trees.
$0
120
150 100 80 60100 40 2050 0 2011
2012
2010
2013
2011 Sale Price 2012 Average Average Sale Price
2014
2015
Total SFH2013 Sold
0
2014
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$937,309
$802,263
$847,943
$1,108,148
$1,289,703
16%
AVERAGE SOLD PRICE
$885,468
$768,205
$831,966
$1,080,725
$1,249,558
16%
TOTAL SFH SOLD
110
156
154
148
186
26%
DISCOUNT RATIO
94%
96%
98%
98%
97%
SINGLE FAMILY HOMES | Q1
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $900,000
160
$800,000
140
$700,000
120
GOLETA
$600,000
Goleta lies approximately 15 miles west of
$400,000
Santa Barbara. Formerly home to acres of
$300,000
avocados, lemons and oranges, Goleta real
$200,000
40
estate is built among the few remaining
$100,000
20
100
$500,000
productive groves. Goleta enjoys fabulous
80 60
$0
0 2011
communities, beaches, schools, and outdoor
2012
2013
Average Sale Price
living. Views abound throughout the area of
2014
2015
Total SFH Sold
the Santa Ynez Mountains and the Channel Islands. 2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$861,952
$564,377
$698,801
$701,424
$771,525
10%
AVERAGE SOLD PRICE
$817,945
$539,868
$695,202
$688,552
$755,031
9.7%
TOTAL SFH SOLD
93
105
135
95
102
7%
DISCOUNT RATIO
95%
96%
99%
98%
98%
SINGLE FAMILY HOMES | Q1
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ON THE MARKET
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Claes Oldenburg, Screwarch Bridge (State III); Aquatint, etching and monoprint in colors, 1981; Estimate $30,000-50,000
AUCTION CALENDAR MAY 2015 Prints & Multiples New York 01-02 May RM Sotheby’s: The Andrews Collection Fort Worth 02 May Impressionist & Modern Art Evening Sale New York 05 May Impressionist & Modern Art Day Sale New York 06 May Finest & Rarest Wines New York 08-09 May Magnificent Jewels & Noble Jewels Geneva 12 May Contemporary Art Evening Auction New York 12 May Important Watches Geneva 13 May Important Chinese Works of Art London 13 May Contemporary Art Day Auction New York 13 May
Sotheby’s | Stack’s Bowers Galleries The D. Brent Pogue Collection of Early United States Coins — Sale 1 New York 19 May Finest & Rarest Wines London 20 May American Art New York 20 May Design Paris 21 May Photographs London 23 May Latin American Art Modern & Contemporary New York 26-27 May Impressionist & Modern Art New York 27 May Music, Continental & Russian Books & Manuscripts London 28 May
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