Montecito, CA | web:0113972
Santa Barbara Market Update Third 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 | Q3
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
MONTECITO The community of Montecito offers a serene retreat and boasts tree-lined streets with lavish estates, many of which are architecturally significant, including English-style manor houses and elegant contemporary homes that stretch from the beach up into the foothills. Elegance is exuded in every detail of its stunning surroundings and relaxed atmosphere.
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$2,548,947
$2,913,549
$2,755,085
$3,956,025
$4,070,193
3%
AVERAGE SALE PRICE
$2,380,853
$2,756,896
$2,614,217
$3,608,418
$3,847,569
7%
TOTAL SFH SOLD
58
76
71
77
44
-43%
DISCOUNT RATIO
93%
95%
95%
91%
95%
SINGLE FAMILY HOMES | Q3
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
250
$1,400,000 $1,200,000
CARPINTERIA / SUMMERLAND
200
$1,000,000 150
$800,000
The oceanside city of Carpinteria has its own
$600,000
special character and is known as a residential
$400,000
and agricultural gem with gorgeous bluffs
100
50
$200,000
overlooking the ocean and beautiful beaches.
0
$0 2010
2011
2012
Average Sale Price
2013
2014
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$733,065
$945,310
$852,388
$1,456,130
$1,068,413
-27%
AVERAGE SALE PRICE
$685,528
$917,270
$814,348
$1,335,290
$1,009,088
-24%
TOTAL SFH SOLD
52
50
71
40
70
75%
DISCOUNT RATIO
94%
97%
96%
92%
94%
SINGLE FAMILY HOMES | Q3
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
HOPE RANCH 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 living in the Santa Barbara area.
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$2,249,222
$4,125,818
$2,029,271
$2,674,615
$4,450,000
66%
AVERAGE SALE PRICE
$2,085,556
$3,437,415
$2,023,000
$2,516,615
$4,241,458
69%
TOTAL SFH SOLD
9
11
7
13
5
-62%
DISCOUNT RATIO
93%
83%
100%
94%
95%
SINGLE FAMILY HOMES | Q3
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
250
$1,400,000 $1,200,000
SANTA BARBARA
200
$1,000,000
Known as the American Riviera, Santa Barbara is
$800,000
truly one of California’s most vibrant and beautiful
$600,000
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 Mountains and the majestic palm trees.
150
100
$400,000 50
$200,000
0
$0 2010
2011
2012
Average Sale Price
2013
2014
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$842,775
$989,384
$1,014,380
$1,220,876
$1,112,756
-9%
AVERAGE SALE PRICE
$801,753
$944,744
$996,616
$1,192,633
$1,081,928
-9%
TOTAL SFH SOLD
192
230
226
203
234
15%
DISCOUNT RATIO
95%
95%
98%
98%
97%
SINGLE FAMILY HOMES | Q3
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
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 communities, beaches, schools, and outdoor living. Views abound throughout the area of the Santa Ynez Mountains and the Channel Islands. 2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$625,709
$716,659
$767,888
$760,395
$814,913
7%
AVERAGE SALE PRICE
$596,702
$669,029
$757,098
$756,287
$809,282
7%
TOTAL SFH SOLD
128
163
154
150
194
29%
DISCOUNT RATIO
95%
93%
99%
99%
99%
SINGLE FAMILY HOMES | Q3
sothebyshomes.com/santabarbara
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110206 | $3,250,000 HOUSTON, TX | Web: 1232987 | $2,999,000 LOS ANGELES, CA | Web: 0286222 | $3,298,000 RESORT MARKETS MALIBU, CA | Web: 0172733 | $3,200,000 EAST HAMPTON, NY | Web: 0046177 | $2,995,000 SANTA BARBARA, CA | Web: 0113898 | $3,195,000 FOREIGN MARKETS GERMANY | Web: S76NQ3 | $3,590,261 ITALY | Web: MEQC8Z | $3,926,848 ISRAEL | Web: 3DWFN3 | $3,904,420 sothebysrealty.com
SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015
Visit us in-store or online everyday. Our wine specialists will help you shop for the best wines for all occasions.
sothebysWINE.com New York |
+1 212 894 1990 | wine@sothebys.com