Montecito, CA | web:0632513
Santa Barbara Market Update Second 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 | Q2
$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 2012
2013
Montecito
Santa Barbara
2014
Carpinteria | Summerland
2015
Hope Ranch
Goleta
2016
Santa Ynez
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2 $4,000,000
100 90
$3,500,000
80
$3,000,000
MONTECITO
70
$2,500,000
The community of Montecito offers a serene
$2,000,000
retreat and boasts tree-lined streets with lavish
$1,500,000
estates, many of which are architecturally
60 50 40 30
$1,000,000
significant, including English-style manor houses and elegant contemporary homes that stretch from the beach up into the foothills.
20
$500,000
10
$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
$3,356,208
$2,995,087
$4,083,912
$3,963,701
$3,677,222
-7%
AVERAGE SALE PRICE
$3,078,335
$2,852,497
$3,742,004
$3,718,629
$3,490,538
-6%
TOTAL SFH SOLD
88
79
68
67
54
-19%
DISCOUNT RATIO
92%
95%
92%
94%
95%
SINGLE FAMILY HOMES | Q2
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
$1,400,000
250
$1,800,000
80
$1,200,000 $1,600,000
CARPINTERIA / SUMMERLAND
70
200
$1,400,000
60
$1,000,000
$1,200,000
50
150
$1,000,000
$800,000
40
$800,000
30
$600,000 $600,000
The oceanside city of Carpinteria has its own special character and is known as a residential and agricultural gem with gorgeous bluffs
$400,000
100 20
$400,000 $200,000
10 050
$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
$1,256,377
$647,626
$1,631,904
$879,323
$1,032,191
17%
AVERAGE SALE PRICE
$1,114,040
$639,227
$1,525,136
$859,219
$996,710
16%
TOTAL SFH SOLD
47
73
50
72
65
-10%
DISCOUNT RATIO
89%
99%
93%
98%
97%
SINGLE FAMILY HOMES | Q2
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2 $4,500,000
12
$4,000,000 10 $3,500,000
HOPE RANCH
$3,000,000
8
$2,500,000
The palm-lined community of Hope Ranch is a 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
6 $2,000,000 $1,500,000
4
$1,000,000 2 $500,000
living in the Santa Barbara area.
$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
$2,338,000
$2,967,143
$2,698,667
$4,314,909
$2,836,444
-34%
AVERAGE SALE PRICE
$2,113,150
$2,869,030
$2,554,722
$4,016,500
$2,651,667
-34%
TOTAL SFH SOLD
5
7
9
11
9
-18%
DISCOUNT RATIO
90%
97%
95%
93%
93%
SINGLE FAMILY HOMES | Q2
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA | SANTA YNEZ
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
$1,400,000 $1,400,000
270
$1,200,000
260
250
$1,200,000
200
$1,000,000
SANTA BARBARA
250
$1,000,000 $800,000
Known as the American Riviera, Santa Barbara is
$800,000
150 240
truly one of California’s most vibrant and beautiful
$600,000
230
$400,000 $200,000
220
$0 $200,000
210
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
$600,000
100
$400,000
50
2012
Mountains and the majestic palm trees.
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
$850,393
$999,346
$1,195,462
$1,209,249
$1,236,581
2%
AVERAGE SALE PRICE
$821,714
$983,431
$1,171,269
$1,175,868
$1,203,969
2%
TOTAL SFH SOLD
238
264
229
256
233
-9%
DISCOUNT RATIO
97%
98%
98%
97%
97%
SINGLE FAMILY HOMES | Q2
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
$900,000
180
$800,000
160
$700,000
140
$600,000
120
$500,000
100
Goleta lies approximately 15 miles west of
$400,000
80
Santa Barbara. Formerly home to acres of
$300,000
60
avocados, lemons and oranges, Goleta real
$200,000
40
estate is built among the few remaining
$100,000
20
GOLETA
productive groves. Goleta enjoys fabulous
$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
$618,823
$755,439
$766,436
$755,434
$870,664
15%
AVERAGE SALE PRICE
$596,954
$749,917
$757,087
$753,350
$856,483
14%
TOTAL SFH SOLD
164
166
140
169
136
-20%
DISCOUNT RATIO
96%
99%
99%
100%
98%
SINGLE FAMILY HOMES | Q2
sothebyshomes.com/santabarbara
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
SANTA YNEZ
$1,400,000
60
$1,200,000
50
$1,000,000
40
$800,000
The Santa Ynez Valley is home to many world-
$600,000
renown vineyards and wineries as well as
$400,000
recognized horse breeding ranches. Other local
$200,000
30 20 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
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
$707,325
$1,035,906
$908,070
$1,279,462
$1,177,167
-8%
AVERAGE SALE PRICE
$669,683
$973,257
$857,257
$1,185,547
$1,097,202
-7%
TOTAL SFH SOLD
30
35
40
40
57
43%
DISCOUNT RATIO
95%
94%
94%
93%
93%
SINGLE FAMILY HOMES | Q2
FEATURED LISTINGS GRAND HILLTOP ESTATE | Santa Barbara, CA Web ID: 0114018 | $16,750,000 The Graholm Estate is one of the original magnificent Santa Barbara hilltop estates from the last century, taking full advantage of the majestic views of the Pacific Ocean, Santa Barbara Harbor, and Montecito Valley from its approx. 7.43-acre hilltop perch. Montecito Coast Village Road Brokerage Suzanne Perkins | 805.895.2138, Janet Caminite | 805.896.7767
SANTA BARBARA ITALIAN VILLA | Santa Barbara, CA Web ID: 0593051 | $8,400,000 In all of Santa Barbara and perhaps anywhere in the world, there is no more unique property with panoramic ocean views, ever changing mountain views and setting that exists at this Italian-style villa in Mission Canyon. State Street Brokerage Willilam Reed | 805.896.3002
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0138486 | $5,600,000 LOS ANGELES, CA | Web: 0308644 | $5,555,000 HOUSTON, TX | Web: 1233885 | $5,495,000 RESORT MARKETS MONTECITO, CA | Web: 0113991 | $5,950,000 SONOMA, CA | Web: 0244108 | $5,850,000 EAST HAMPTON, NY | Web: 0047323 | $4,995,000 FOREIGN MARKETS ISRAEL | Web: WPKBBF | $5,973,871 THAILAND | Web: 3WLKEC | $5,700,000 IBIZA | Web: RCQ57V | $5,508,569 sothebysrealty.com
AUCTION CALENDAR JUL | AUG | SEPT 2016
Old Master and British Works on Paper Including drawings from the Oppé Collection London 05-06 July Celebration of the English Watch Part II: John Harrison’s Enduring Discovery London 07 July Victorian, Pre-Raphaelite & British Impressionist Art London 14 July Contemporary Living New York 28 July RM Sotheby’s: Motor City Michigan 30 July
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CRYSTAL MAGNUM DECANTER OF UNIQUE LOUIS XIII COGNAC AMERICAS EDITION Estimate $100,000+ New York 10 September An Asia and Europe edition were also commissioned and will be offered in Hong Kong on 1 October and in London on 16 November, respectively