Q4 | 2017
Santa Barbara | Santa Ynez Valley
Market Update
MONTECITO
Elegant Tuscan Estate | Offered at $6,995,000 sothebyshomes.com/0114157
Santa Barbara sothebyshomes.com/santabarbara
Santa Ynez Valley sothebyshomes.com/santaynez
Montecito, Santa Barbara, and Santa Ynez Valley Brokerages Dave Osman / Vice President & Brokerage Manager montecito coast village road
805.969.9993
montecito upper village
805.969.5005
santa barbara
805.963.1391
santa ynez valley
805.688.4200
All data within this document is pulled from the Santa Barbara MLS and North Santa Barbara County MLS. 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. 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. Equal housing opportunity.
Santa Barbara 04 06
Market Shapshot | All Areas
08 10
16
Carpinteria | Summerland Montecito
12 14
Featured Properties
Santa Barbara Hope Ranch Goleta
Santa Ynez Valley 18 20 22 24 26 28
Featured Properties Market Shapshot | All Areas Santa Ynez
Ballard | Solvang Los Olivos Buellton
SANTA BARBARA
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/SANTABAR BARA
MONTECITO
Heart of Montecito | Offered at $4,495,000 sothebyshomes.com/0632661
MONTECITO
Offered at $40,000,000 sothebyshomes.com/0114130 MONTECITO
Offered at $4,495,000 sothebyshomes.com/0593157 MONTECITO
Offered at $4,395,000 sothebyshomes.com/0114103 MONTECITO
Offered at $1,695,000 sothebyshomes.com/0114281 *in order from left to right, top to bottom
sothebyshomes.com/santabarbara
5
/ Santa Barbara Featured Properties / Santa Barbara Q4 Market Update
Market Snapshot Santa Barbara | Q4 2017
Highlight: Total Units Sold Highlight -units vs ASP Carpinteria & Summerland
$1.6
450
$1.4
Goleta
400
$1.2
Carp-Summerland Montecito
$1.0 Montecito
350
$0.8 Santa Barbara
Hope Ranch $0.6
Hope Ranch Santa Barbara
300
Goleta
$0.4
250
$0.2 $0.0 *Price in Millions
Total Units Sold 51 54 202 13 118
200
2013 2014 2015 2016 2017
Average Selling Price vs. Total Units Sold
Carpinteria | Summerland
Average Selling Price
Montecito
Total Units Sold
Santa Barbara Hope Ranch Goleta
Five Year Comparison
Carpinteria | Summerland, Montecito, Santa Barbara Hope Ranch, and Goleta
$6 $5 $4 $3 $2 $1 $0 *Price in Millions
2013
2014
2015
2016
2017
Average Selling Price Over Five Years by Area
Carpinteria | Summerland
Montecito
Santa Barbara
Hope Ranch
7
Goleta
/ Q4 Highlights / Santa Barbara Q4 Market Update
at a glance {Q4 | 2017}
carpinteria | summerland
70
%
Change in Average Selling Price {2017 v 2016}
-2
%
Change in Units Sold {2017 v 2016}
51 Units Sold
1.7m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
53
$1,600,000
52
$1,400,000
51 50
$1,200,000
49
$1,000,000
48
$800,000
47
$600,000
46
$400,000
45
$200,000
44
$0
43
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Carpinteria & Summerland Carpinteria is graciously situated where the Pacific meets the idyllic beach town and foothills of the area. The hillside-lined homes of Summerland boast views of the coastline and the Channel Islands. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
73%
70%
6%
-2%
2017
$1,784,485
$1,681,133
51
51
2016
$1,030,854
$990,250
48
52
2015
$1,441,163
$1,376,077
59
46
2014
$1,153,215
$1,094,373
69
52
2013
$1,196,879
$1,106,443
49
49
Q4 {2017 v 2016}
Change
9
/ Carpinteria | Summerland / Santa Barbara Q4 Market Update
|
Average Selling Price Total Units Sold $4,000,000
60
$3,500,000
50
$3,000,000 40
$2,500,000 $2,000,000
30
$1,500,000
20
$1,000,000 10
$500,000 $0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Montecito One of the most world-renowned areas in which to live, Montecito emulates sophisticated elegance in every way. Bungalows, traditional homes, and estates stretch from the beach to the foothills and are surrounded by native eucalyptus tress and stunning views. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-17%
-16%
-24%
23%
2017
$2,708,222
$2,576,736
83
54
2016
$3,243,432
$3,072,590
109
44
2015
$3,645,469
$3,418,449
69
48
2014
$3,057,238
$2,867,950
127
40
2013
$3,798,987
$3,422,400
137
52
Q4 {2017 v 2016}
Change
Santa Barbara Q4 Market Update / Montecito / 10
at a glance {Q4 | 2017}
montecito
-16
%
Change in Average Selling Price {2017 v 2016}
23
%
Change in Units Sold {2017 v 2016}
54 Units Sold
2.6m
$
Average Selling Price
at a glance {Q4 | 2017}
santa barbara
6
%
Change in Average Selling Price {2017 v 2016}
-3
%
Change in Units Sold {2017 v 2016}
202 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
250
$1,200,000
200
$1,000,000 $800,000
150
$600,000
100
$400,000 50
$200,000 $0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Santa Barbara Known as the American Riviera, Santa Barbara’s alluring landscape is the perfect culmination of mountains and ocean mixed with soaring palm trees, a storied Spanish heritage, and relaxed sophistication. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
5%
6%
-4%
-3%
2017
$1,299,864
$1,267,904
54
202
2016
$1,242,947
$1,199,665
56
208
2015
$1,166,523
$1,132,848
44
170
2014
$1,107,189
$1,077,634
56
195
2013
$1,030,376
$1,006,316
39
193
Q4 {2017 v 2016}
Change
13
/ Santa Barbara / Santa Barbara Q4 Market Update
|
Average Selling Price Total Units Sold $6,000,000
14
$5,000,000
12 10
$4,000,000
8 $3,000,000 6 $2,000,000
4
$1,000,000
2
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Hope Ranch Hope Ranch sits above a beautiful stretch of the Pacific coast with homes overlooking the ocean. A rare gem, with a wonderful blend of fine estates, incredible architecture, horseback riding trails, and private beach access makes this area exceptional. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
71%
51%
132%
333%
2017
$5,500,154
$4,770,269
174
13
2016
$3,208,333
$3,161,667
75
3
2015
$5,825,714
$5,306,929
98
7
2014
$2,589,125
$2,364,750
178
8
2013
$3,505,000
$3,285,833
153
6
Q4 {2017 v 2016}
Change
Santa Barbara Q4 Market Update / Hope Ranch / 14
at a glance {Q4 | 2017}
hope ranch
51
%
Change in Average Selling Price {2017 v 2016}
333
%
Change in Units Sold {2017 v 2016}
13 Units Sold
4.8m
$
Average Selling Price
at a glance {Q4 | 2017}
goleta
25
%
Change in Average Selling Price {2017 v 2016}
-6
%
Change in Units Sold {2017 v 2016}
118 Units Sold
1
$ m Average Selling Price
|
Average Selling Price Total Units Sold $880,000
250
$860,000 200
$840,000 $820,000
150
$800,000 $780,000
100
$760,000 $740,000
50
$720,000 $700,000
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Goleta Goleta, known as the “Goodland,� offers an incredible lifestyle with excellent beaches, schools, and outdoor living. Views abound throughout the area of the Santa Ynez Mountains and the Channel Islands. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
26%
25%
24%
-6%
2017
$1,049,492
$1,023,550
45
118
2016
$833,486
$818,031
36
126
2015
$789,058
$786,301
35
129
2014
$665,336
$654,807
47
116
2013
$950,738
$905,158
25
135
Q4 {2017 v 2016}
Change
17
/ Goleta / Santa Barbara Q4 Market Update
SANTA YNEZ VALLEY
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/SANTAYNE Z
SANTA YNEZ
Happy Canyon Approx. 103 Acres | Offered at $4,600,000 sothebyshomes.com/0621739
SANTA YNEZ
Offered at $14,900,000 sothebyshomes.com/0621762 BALLARD
Offered at $2,475,000 sothebyshomes.com/0621784 SANTA YNEZ
Offered at $1,895,000 sothebyshomes.com/0621824 SANTA YNEZ
Offered at $1,295,000 sothebyshomes.com/0621828 *in order from left to right, top to bottom
sothebyshomes.com/santaynez
19
/ Featured Properties / Santa Ynez Valley Q4 Market Update
Market Snapshot
Highlight: Total Units Sold Santa Ynez Valley | Q4 2017
Highlight -units vs ASP $1.2
80 70
$1.0
Buellton Santa Ynez
$0.8
$0.6
Los Olivos
Santa Ynez
60
Ballard & Solvang
50
Los Olivos Buellton
40 30
$0.4
20
Ballard & Solvang
$0.2
10
$0.0 *Price in Millions
Total Units Sold 26 22 3 17
0
2013 2014 2015 2016 2017
Average Selling Price vs. Total Units Sold
Santa Ynez
Average Selling Price
Ballard | Solvang
Total Units Sold
Los Olivos Buellton
Five Year Comparison Santa Ynez Valley
$2.0
$1.5
$1.0
$0.5
$0.0 *Price in Millions
2013
2014
2015
2016
2017
Average Selling Price Over Five Years by Area
Santa Ynez
Ballard | Solvang
Los Olivos
21
Buellton
/ Q4 Market Snapshot / Santa Ynez Valley Q4 Market Update
at a glance {Q4 | 2017}
santa ynez
48
%
Change in Average Selling Price {2017 v 2016}
136
%
Change in Units Sold {2017 v 2016}
26 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,000,000
30
$1,800,000
25
$1,600,000 $1,400,000
20
$1,200,000 $1,000,000
15
$800,000
10
$600,000 $400,000
5
$200,000 $0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Santa Ynez Characterized by golden hills and iconic oak trees, Santa Ynez spans the Santa Ynez Valley including homes in the small township to ranches and ranchettes, vineyard and equestrian estates - each incredibly unique. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
54%
48%
34%
136%
2017
$1,483,300
$1,343,721
76
26
2016
$963,264
$906,355
115
11
2015
$1,807,438
$1,677,880
102
8
2014
$1,869,300
$1,738,000
96
10
2013
$714,667
$680,889
34
9
Q4 {2017 v 2016}
Change
23
/ Santa Ynez / Santa Ynez Valley Q4 Market Update
|
Average Selling Price Total Units Sold $1,200,000
25
$1,000,000
20
$800,000
15
$600,000 10
$400,000
5
$200,000 $0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Ballard | Solvang The town of Solvang, known for its rich Danish heritage, is surrounded by homes ranging from ranch-style to estates with views for miles. Nestled in the heart of the Valley, the quaint town of Ballard is comprised of bungalows, ranches, and one of the most sought after school districts in the area. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
0%
-3%
-14%
0%
2017
$1,000,313
$927,295
78
22
2016
$1,000,706
$951,890
91
22
2015
$702,550
$663,395
131
19
2014
$640,786
$611,964
82
14
2013
$558,907
$524,750
71
14
Q4 {2017 v 2016}
Change
Santa Ynez Valley Q4 Market Update / Ballard | Solvang / 24
at a glance {Q4 | 2017}
ballard | solvang
-3
%
Change in Average Selling Price {2017 v 2016}
0
%
Change in Units Sold {2017 v 2016}
22 Units Sold
900k
$
Average Selling Price
at a glance {Q4 | 2017}
los olivos
-24
%
Change in Average Selling Price {2017 v 2016}
-25
%
Change in Units Sold {2017 v 2016}
3
Units Sold
800k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
4.5
$1,400,000
4
$1,200,000
3.5 3
$1,000,000
2.5
$800,000
2
$600,000
1.5
$400,000
1
$200,000
0.5
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Los Olivos The charming town of Los Olivos is made up of fine restaurants, local vineyards’ tasting rooms, and boutiques with bungalows close to town and ranches spread across the area’s rolling hills. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
63%
-24%
30%
-25%
2017
-24%
$818,333
149
3
2016
$847,667
$1,079,250
115
4
2015
$1,122,225
$1,355,000
121
2
2014
$1,410,000
$601,833
22
3
2013
0
0
0
0
Q4 {2017 v 2016}
Change
27
/ Los Olivos / Santa Ynez Valley Q4 Market Update
|
Average Selling Price Total Units Sold $900,000
18
$800,000
16
$700,000
14
$600,000
12
$500,000
10
$400,000
8
$300,000
6
$200,000
4
$100,000
2
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Buellton The west side of the Valley, Buellton is home to some of the most stunning vineyards in the area, beautiful riding trails, and a thriving community that is constantly evolving. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-3%
-3%
-59%
42%
2017
$622,929
$614,000
56
17
2016
$642,317
$632,583
138
12
2015
$428,941
$424,579
30
11
2014
$412,455
$401,538
39
11
2013
$835,800
$808,000
39
5
Q4 {2017 v 2016}
Change
Santa Ynez Valley Q4 Market Update / Buellton / 28
at a glance {Q4 | 2017}
buellton
-3
%
Change in Average Selling Price {2017 v 2016}
42
%
Change in Units Sold {2017 v 2016}
17 Units Sold
600k
$
Average Selling Price
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