Santa Barbara, CA | web:0593011
Santa Barbara Market Update First Quarter 2016 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 - Santa Ynez.
FIVE YEARS OF AVERAGE SELLING PRICES | Q1
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0 2012
2013
Montecito
Santa Barbara
2014
Carpinteria | Summerland
2015
Hope Ranch
Goleta
2016
Santa Ynez
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
$4,500,000
70
$4,000,000
60
MONTECITO
$3,500,000
The community of Montecito offers a serene
$2,500,000
40
retreat and boasts tree-lined streets with lavish
$2,000,000
30
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.
20 10
$500,000 $0
0 2012
Elegance is exuded in every detail of its stunning
2013
2014
Average Sale Price
surroundings and relaxed atmosphere.
2015
2016
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$4,248,511
$3,300,473
$3,092,399
$4,531,484
$4,277,913
-6%
AVERAGE SALE PRICE
$3,531,520
$3,137,099
$2,868,278
$4,240,813
$4,055,923
-4%
TOTAL SFH SOLD
52
59
43
56
63
13%
DISCOUNT RATIO
83%
95%
93%
94%
95%
SINGLE FAMILY HOMES | Q1
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
250
$1,400,000
60
$1,800,000
$1,200,000 $1,600,000
CARPINTERIA / SUMMERLAND
200 50
$1,400,000
$1,000,000
$1,200,000
40
$1,000,000 $800,000
150 30
$800,000
The oceanside city of Carpinteria has its own
$600,000 $600,000
special character and is known as a residential
$400,000 $200,000
and agricultural gem with gorgeous bluffs
20
100
$400,000
10
50 0
$0
$200,000
overlooking the ocean and beautiful beaches.
2012
2013
2014
Average Sale Price
$0 2010
2011
2015
2016
Total SFH Sold
2012
Average Sale Price
0
2013
2014
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$726,689
$989,706
$1,259,781
$1,820,639
$671,800
-63%
AVERAGE SALE PRICE
$665,382
$954,764
$1,221,883
$1,666,911
$651,470
-61%
TOTAL SFH SOLD
38
53
26
56
36
-36%
DISCOUNT RATIO
92%
96%
97%
92%
97%
SINGLE FAMILY HOMES | Q1
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1 $6,000,000
14 12
$5,000,000
HOPE RANCH
$4,000,000
The palm-lined community of Hope Ranch is a
$3,000,000
10 8
world of its own. Hope Ranch properties have spectacular views of both the mountains and the ocean. A wonderful blend of fine estates, Hope Ranch remains one of the great gems of gracious living in the Santa Barbara area.
6 $2,000,000
4
$1,000,000
2
$0
0 2012
2013
2014
Average Sale Price
2015
2016
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$2,013,417
$2,504,538
$4,161,000
$4,195,250
$6,008,500
43%
AVERAGE SALE PRICE
$1,875,854
$2,389,251
$3,967,688
$3,870,417
$5,301,250
37%
TOTAL SFH SOLD
6
13
8
12
4
-67%
DISCOUNT RATIO
93%
95%
95%
92%
88%
SINGLE FAMILY HOMES | Q1
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA | SANTA YNEZ
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1 200
$1,400,000
250
$1,400,000
180
$1,200,000
160
$1,200,000
SANTA BARBARA
$1,000,000
200 140
$1,000,000
120
$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 heritage, the striking backdrop of the Santa Ynez
100 150
$800,000
Known as the American Riviera, Santa Barbara is
80 60 100 40
$400,000 $200,000 $0 $200,000
Mountains and the majestic palm trees.
20
50
0 2012
2013
$0
2014
Average Sale Price
2010
2011
2012
Average Sale Price
2015
2016
0
Total SFH Sold
2013
2014
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$802,263
$847,943
$1,108,148
$1,285,438
$1,222,933
-5%
AVERAGE SALE PRICE
$768,205
$831,966
$1,080,725
$1,245,586
$1,188,067
-5%
TOTAL SFH SOLD
156
154
148
189
148
-22%
DISCOUNT RATIO
96%
98%
98%
97%
97%
SINGLE FAMILY HOMES | Q1
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
GOLETA Goleta lies approximately 15 miles west of Santa Barbara. Formerly home to acres of avocados, lemons and oranges, Goleta real estate is built among the few remaining productive groves. Goleta enjoys fabulous
$800,000
160
$700,000
140
$600,000
120
$500,000
100
$400,000
80
$300,000
60
$200,000
40
$100,000
20
$0
0 2012
2013
communities, beaches, schools, and outdoor
2014
Average Sale Price
2015
2016
Total SFH Sold
living. Views abound throughout the area of the Santa Ynez Mountains and the Channel Islands. 2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$564,377
$698,801
$701,424
$771,525
$710,790
-8%
AVERAGE SALE PRICE
$539,868
$695,202
$688,552
$755,031
$698,147
-8%
TOTAL SFH SOLD
105
135
95
102
88
-14%
DISCOUNT RATIO
96%
99%
98%
98%
98%
SINGLE FAMILY HOMES | Q1
sothebyshomes.com/santabarbara
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
SANTA YNEZ
$1,000,000
60
$800,000
50 40
$600,000
The Santa Ynez Valley is home to many world-
30
$400,000
renown vineyards and wineries as well as recognized horse breeding ranches. Other local
20
$200,000
10
$0
attractions include the majestic Los Padres
0 2012
National Forest, Old Mission Santa Inez, golf
2013
2014
Average Sale Price ASP
courses, and the historic Carriage House Museum
2015
2016
Total SFH Sold Sold
that depicts relics of Santa Ynez’s past as a stage coach stop. Santa Ynez Valley real estate includes luxury homes and equestrian properties. 2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$686,161
$1,037,543
$848,778
$943,649
$923,443
-2%
AVERAGE SALE PRICE
$604,370
$948,547
$798,630
$883,782
$868,893
-2%
TOTAL SFH SOLD
23
29
27
35
48
37%
DISCOUNT RATIO
88%
91%
94%
94%
94%
SINGLE FAMILY HOMES | Q1
FEATURED LISTINGS ELEGANT MOUNTAIN VIEW | Santa Barbara, CA Web ID: 0593011 | $1,895,000 Beautiful 4-bedroom, 2.5-bath traditional home with approx. 3,300 sq.ft. Lovely floor plan with welcoming entry and hardwood floors. Santa Barbara Brokerage Melissa Birch | 805.895.2138 Rich van Seenus | 805.284.6330
SUMMERLAND VIEW TOWNHOUSE | Santa Barbara, CA Web ID: 0632446 | $850,000 Panoramic ocean-and-island views of the Santa Barbara coastline. This 2-bedroom (with lofts), 2-bath townhouse is in the heart of the Summerland beach community, adjacent to Santa Barbara and Montecito. Montecito Coast Village Road Brokerage Marie Larkin | 805.680.2525
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 1340028 | $1,400,000 LOS ANGELES, CA | Web: 0027250 | $1,495,000 HOUSTON, TX | Web: 1232615 | $1,395,000 RESORT MARKETS MALIBU, CA | Web: 1300163 | $1,395,000 EAST HAMPTON, NY | Web: 0046977 | $1,599,000 SANTA BARBARA, CA | Web: 0113999 | $1,349,000 FOREIGN MARKETS COSTA RICA | Web: 25TT62 | $1,500,000 INDIA | Web: 6NGQH2 | $1,495,998 MEXICO | Web: 4MZRYV | $1,495,000 sothebysrealty.com
AUCTION CALENDAR MAY 2016
© 2016 Calder Foundation, New York / Artists Rights Society (ARS), New York
Property Formerly in the Collection of Alfred H. Barr, Jr. Alexander Calder Untitled, circa 1942 Estimate $2,500,000-3,500,000
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