Montecito, CA | web:0113985
Santa Barbara Market Update Fourth 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 | Q4 $6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0 2011
Montecito
2012
Santa Barbara
2013
Carpinteria | Summerland
2014
Hope Ranch
2015
Goleta
Santa Ynez
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $4,000,000
100
$3,500,000
90 80
$3,000,000
MONTECITO
$2,500,000
60
The community of Montecito offers a serene
$2,000,000
50
retreat and boasts tree-lined streets with lavish
$1,500,000
40
estates, many of which are architecturally
70
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 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
$2,054,312
$3,096,977
$3,798,987
$3,057,238
$3,645,469
19%
AVERAGE SALE PRICE
$1,905,244
$2,828,281
$3,422,400
$2,867,950
$3,418,449
19%
TOTAL SFH SOLD
41
87
52
40
48
20%
DISCOUNT RATIO
93%
91%
90%
94%
94%
SINGLE FAMILY HOMES | Q4
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
250 54
$1,400,000 $1,600,000 $1,400,000 $1,200,000
52 200
$1,200,000 $1,000,000 $1,000,000
CARPINTERIA / SUMMERLAND
50
$800,000 $800,000
150 48
The oceanside city of Carpinteria has its own
$600,000 $600,000 $400,000
46 100
special character and is known as a residential
$400,000 $200,000
44
and agricultural gem with gorgeous bluffs
$0 $200,000
overlooking the ocean and beautiful beaches.
50 42 2011
2012
$0
2013
Average Sale Price 2011 2012
2010
Average Sale Price
2014
2015
0
Total SFH Sold 2013
2014
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$546,066
$1,127,145
$1,196,879
$1,153,215
$1,441,163
25%
AVERAGE SALE PRICE
$513,499
$1,069,271
$1,106,443
$1,094,373
$1,376,077
26%
TOTAL SFH SOLD
50
53
49
52
46
-12%
DISCOUNT RATIO
94%
95%
92%
95%
95%
SINGLE FAMILY HOMES | Q4
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 9
$6,000,000
8 $5,000,000 7
HOPE RANCH
$4,000,000
The palm-lined community of Hope Ranch is a
$3,000,000
6 5 4
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
$2,000,000
3 2
$1,000,000 1
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
$4,463,250
$3,051,250
$3,505,000
$2,589,125
$5,825,714
125%
AVERAGE SALE PRICE
$3,791,025
$2,946,125
$3,285,833
$2,364,750
$5,306,929
124%
TOTAL SFH SOLD
6
8
6
8
7
-13%
DISCOUNT RATIO
85%
97%
94%
91%
91%
SINGLE FAMILY HOMES | Q4
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA | SANTA YNEZ
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $1,200,000
350
$1,400,000
250 300
$1,000,000 $1,200,000
250 200
$800,000 $1,000,000
SANTA BARBARA Known as the American Riviera, Santa Barbara is truly one of California’s most vibrant and beautiful 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.
200 150
$600,000 $800,000
150
$600,000 $400,000
100 100
$400,000 $200,000
50 50
$200,000 $0 $0
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
$832,840
$754,325
$1,030,376
$1,107,189
$1,171,607
6%
AVERAGE SALE PRICE
$783,318
$735,734
$1,006,316
$1,077,634
$1,137,608
6%
TOTAL SFH SOLD
172
323
193
195
168
-14%
DISCOUNT RATIO
94%
98%
98%
97%
97%
SINGLE FAMILY HOMES | Q4
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $1,000,000
160
$900,000
140
$800,000
120
$700,000
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
$600,000
100
$500,000
80
$400,000
60
$300,000
40
$200,000
20
$100,000
productive groves. Goleta enjoys fabulous
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
$599,208
$640,489
$950,738
$665,336
$789,051
19%
AVERAGE SALE PRICE
$566,522
$630,294
$905,158
$654,807
$786,116
20%
TOTAL SFH SOLD
103
133
135
116
127
9%
DISCOUNT RATIO
95%
98%
95%
98%
100%
SINGLE FAMILY HOMES | Q4
sothebyshomes.com/santabarbara
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
SANTA YNEZ The Santa Ynez Valley is home to many worldrenown vineyards and wineries as well as recognized horse breeding ranches. Other local attractions include the majestic Los Padres National Forest, Old Mission Santa Inez, golf
$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
50 40 30 20 10 0 2011
courses, and the historic Carriage House Museum
2012
2013
Average Sale Price ASP
that depicts relics of Santa Ynez’s past as a stage
2014 Total SFH Sold Sold
coach stop. Santa Ynez Valley real estate includes luxury homes and equestrian properties. 2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$491,746
$768,926
$665,730
$893,673
$848,461
-5%
AVERAGE SALE PRICE
$467,481
$711,143
$631,481
$843,748
$804,237
-5%
TOTAL SFH SOLD
27
35
27
40
44
10%
DISCOUNT RATIO
95%
92%
95%
94%
95%
SINGLE FAMILY HOMES | Q4
FEATURED LISTINGS POST MODERN CONTEMPORARY | Santa Barbara, CA Web ID: 0113959 | $35,000,000 Spectacular and newly built contemporary residence in Hope Ranch. Montecito Coast Village Road Brokerage Suzanne Perkins | 805.895.2138
OCEANFRONT VILLA | Carpinteria, CA Web ID: 0113850 | $7,990,000 Minutes from Montecito/Santa Barbara, the unique contemporary character and design of the architecture is bright, spacious and dramatic. Montecito Coast Village Road Brokerage Janet Camenite | 805.896.7767
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110466 | $5,200,000 SAN FRANCISCO, CA | Web: 0087635 | $5,500,000 HOUSTON, TX | Web: 1250301 | $5,499,000 RESORT MARKETS PEBBLE BEACH, CA | Web: 0474307 | $5,895,000 PALM BEACH, FL | Web: 0076834 | $5,995,000 MONTECITO, CA | Web: 0632357 | $5,495,000 FOREIGN MARKETS SPAIN | Web: NF2L59 | $5,584,178 FRANCE | Web: 5Q5HYV | $5,431,240 ISRAEL | Web: 9ZWTEE | $5,657,127 sothebysrealty.com
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