Q1 | 2019
Santa Barbara | Santa Ynez Valley
Market Update
MONTECITO
Montecito Contemporary in the Hedgerow Offered at $3,750,000 | 238MiramarAve.com
Santa Barbara SOTHEBYSHOMES.COM/SANTABARBARA
Santa Ynez Valley SOTHEBYSHOMES.COM/SANTAYNEZ
Montecito, Santa Barbara, and Santa Ynez Valley Brokerages MONTECITO COAST VILLAGE ROAD
805.969.9993
MONTECITO UPPER VILLAGE
805.969.5005
/
Michael Cohen Vice President & Brokerage Manager 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 Snapshot | 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 Snapshot | 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/ SANTABARBARA
MONTECITO
Montecito Tuscan Villa | Offered at $8,900,000 355OrtegaRidge.com
MONTECITO
Offered at $11,750,000 1333EastMountain.com MONTECITO
Offered at $4,495,000 MontecitoValley.com GOLETA
Offered at $4,250,000 2169Refugio.com MONTECITO
Offered at $3,169,000 1211EastValleyRoad.com *in order from left to right, top to bottom
sothebyshomes.com/santabarbara
5
/ Santa Barbara Featured Properties / Santa Barbara Q1 Market Update
Market Snapshot Santa Barbara | Q1 2019
Highlight: Total Units Sold Highlight -units vs ASP
Carpinteria & Summerland
Goleta
Montecito
$2.5
450
$2.0
400
Carp-Summerland Montecito $1.5
350
Santa Barbara Hope$1.0 Ranch Santa Barbara
300
Goleta $0.5
250
$0.0
200
Hope Ranch *Price in Millions
Total Units Sold 41 31 157 9 114
2015 2016 2017 2018 2019
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
$7 $6 $5 $4 $3 $2 $1 $0 *Price in Millions
2015
2016
2017
2018
2019
Average Selling Price Over Five Years by Area
Carpinteria | Summerland
Montecito
Santa Barbara
Hope Ranch
7
Goleta
/ Q1 Market Snapshot / Santa Barbara Q1 Market Update
at a glance {Q1 | 2019}
CARPINTERIA | SUMMERLAND
88
%
Change in Average Selling Price {2019 v 2018}
37
%
Change in Units Sold {2019 v 2018}
41 Units Sold
1.6m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
60
$1,600,000
50
$1,400,000 $1,200,000
40
$1,000,000
30
$800,000 $600,000
20
$400,000
10
$200,000 $0
0
2015
2016
2017
Average Selling Price
2018
2019
Total Units Sold
About
Carpinteria & Summerland Carpinteria is graciously situated where the PaciďŹ c 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
101%
88%
-2%
37%
2019
$1,791,559
$1,618,478
55
41
2018
$892,830
$862,380
56
30
2017
$1,195,552
$1,153,567
55
52
2016
$696,751
$676,295
36
37
2015
$1,820,639
$1,666,911
46
56
Q1 {2019 v 2018}
Change
9
/ Carpinteria | Summerland / Santa Barbara Q1 Market Update
|
Average Selling Price Total Units Sold $6,000,000
70
$5,000,000
60 50
$4,000,000
40 $3,000,000 30 $2,000,000
20
$1,000,000
10
$0
0
2015
2016
2017
2018
Average Selling Price
2019 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 trees and stunning views. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
44%
38%
5%
-18%
2019
$6,138,056
$5,308,871
131
31
2018
$4,258,658
$3,845,388
125
38
2017
$3,891,217
$3,538,363
126
46
2016
$4,277,913
$4,055,923
85
63
2015
$4,531,484
$4,240,813
107
56
Q1 {2019 v 2018}
Change
Santa Barbara Q1 Market Update / Montecito / 10
at a glance {Q1 | 2019}
MONTECITO
38
%
Change in Average Selling Price {2019 v 2018}
-18
%
Change in Units Sold {2019 v 2018}
31 Units Sold
5.3m
$
Average Selling Price
at a glance {Q1 | 2019}
SANTA BARBARA
5
%
Change in Average Selling Price {2019 v 2018}
-5
%
Change in Units Sold {2019 v 2018}
157 Units Sold
1.4m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
200 180
$1,350,000
160
$1,300,000
140 120
$1,250,000
100 $1,200,000
80
$1,150,000
60 40
$1,100,000
20
$1,050,000
0
2015
2016
2017
2018
Average Selling Price
2019
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
6%
5%
40%
-5%
2019
$1,422,395
$1,380,096
60
157
2018
$1,345,515
$1,320,135
43
165
2017
$1,249,278
$1,208,915
61
164
2016
$1,207,691
$1,173,217
50
152
2015
$1,285,438
$1,245,586
55
189
Q1 {2019 v 2018}
Change
13
/ Santa Barbara / Santa Barbara Q1 Market Update
|
Average Selling Price Total Units Sold 18
$7,000,000
16
$6,000,000
14
$5,000,000
12
$4,000,000
10
$3,000,000
8 6
$2,000,000
4
$1,000,000
2
$0
0
2015
2016
2017
2018
Average Selling Price
2019
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
51%
56%
-48%
-44%
2019
$6,673,111
$6,424,667
82
9
2018
$4,427,063
$4,109,794
158
16
2017
$3,073,667
$2,915,880
154
15
2016
$6,008,500
$5,301,250
43
4
2015
$4,195,250
$3,870,417
113
12
Q1 {2019 v 2018}
Change
Santa Barbara Q1 Market Update / Hope Ranch / 14
at a glance {Q1 | 2019}
HOPE RANCH
56
%
Change in Average Selling Price {2019 v 2018}
-44
%
Change in Units Sold {2019 v 2018}
9
Units Sold
6.4m
$
Average Selling Price
at a glance {Q1 | 2019}
GOLETA
70
%
Change in Average Selling Price {2019 v 2018}
24
%
Change in Units Sold {2019 v 2018}
114 Units Sold
1.5M
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
140
$1,400,000
120
$1,200,000
100
$1,000,000
80
$800,000 60
$600,000
40
$400,000
20
$200,000 $0
0
2015
2016
2017
2018
Average Selling Price
2019
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
90%
70%
7%
24%
2019
$1,660,703
$1,469,709
48
114
2018
$873,658
$864,935
44
92
2017
$880,344
$859,968
50
115
2016
$709,681
$697,307
34
91
2015
$771,525
$755,031
49
102
Q1 {2019 v 2018}
Change
17
/ Goleta / Santa Barbara Q1 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/ SANTAYN E Z
SANTA YNEZ
Iconic Santa Ynez Ranch | Offered at $7,998,000 7300HappyCyn.com
SANTA YNEZ
Offered at $9,495,000 1430CountFleet.com SANTA YNEZ
Offered at $6,995,000 1920Westerly.com SOLVANG
Offered at $5,495,000 FredensborgCanyonRanch.com SOLVANG
Offered at $1,690,000 3146RileyRoad.com *in order from left to right, top to bottom
sothebyshomes.com/santayneZ
19
/ Featured Properties / Santa Ynez Valley Q1 Market Update
Market Snapshot
Highlight: Total Units Sold Santa Ynez Valley | Q1 2019
Highlight -units vs ASP $1.4
Santa Ynez Buellton
$1.2 $1.0 $0.8
60
Santa Ynez Ballard & Solvang Los Olivos Buellton
Ballard & Solvang
Los Olivos
10
$0.0 *Price in Millions
0
2015 2016 2017 2018 2019
Average Selling Price vs. Total Units Sold
Santa Ynez
Average Selling Price
Ballard | Solvang
Total Units Sold
Los Olivos Buellton
30 20
$0.2
8 18 7 12
40
$0.6 $0.4
Total Units Sold
50
Five Year Comparison Santa Ynez Valley
$2.0
$1.5
$1.0
$0.5
$0.0 *Price in Millions
2015
2016
2017
2018
2019
Average Selling Price Over Five Years by Area
Santa Ynez
Ballard | Solvang
Los Olivos
21
Buellton
/ Q1 Market Snapshot / Santa Ynez Valley Q1 Market Update
at a glance {Q1 | 2019}
SANTA YNEZ
11
%
Change in Average Selling Price {2019 v 2018}
-56
%
Change in Units Sold {2019 v 2018}
8
Units Sold
1.8m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,000,000
20
$1,800,000
18
$1,600,000
16
$1,400,000
14
$1,200,000
12
$1,000,000
10
$800,000
8
$600,000
6
$400,000
4
$200,000
2
$0
0
2015
2016
2017
2018
Average Selling Price
2019
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
13%
11%
16%
-56%
2019
$1,863,500
$1,767,500
137
8
2018
$1,655,444
$1,594,056
118
18
2017
$1,372,182
$1,272,182
188
11
2016
$1,423,250
$1,304,667
179
12
2015
$1,675,000
$1,562,222
118
9
Q1 {2019 v 2018}
Change
23
/ Santa Ynez / Santa Ynez Valley Q1 Market Update
|
Average Selling Price Total Units Sold $1,400,000
30
$1,200,000
25
$1,000,000
20
$800,000
15
$600,000
10
$400,000 $200,000
5
$0
0
2015
2016
2017
2018
Average Selling Price
2019
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
26%
27%
56%
-25%
2019
$1,319,022
$1,280,389
122
18
2018
$1,047,454
$1,010,829
78
24
2017
$982,356
$934,001
126
24
2016
$850,714
$826,786
139
14
2015
$959,554
$892,527
189
13
Q1 {2019 v 2018}
Change
Santa Ynez Valley Q1 Market Update / Ballard | Solvang / 24
at a glance {Q1 | 2019}
BALLARD | SOLVANG
27
%
Change in Average Selling Price {2019 v 2018}
-25
%
Change in Units Sold {2019 v 2018}
18 Units Sold
1.3m
$
Average Selling Price
at a glance {Q1 | 2019}
LOS OLIVOS
117
%
Change in Average Selling Price {2018 v 2017}
600
%
Change in Units Sold {2018 v 2017}
7
Units Sold
1.4m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
8
$1,400,000
7
$1,200,000
6
$1,000,000
5
$800,000
4
$600,000
3
$400,000
2
$200,000
1
$0
0
2015
2016
2017
2018
Average Selling Price
2019
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
117%
117%
38%
600%
2019
$1,519,843
$1,373,571
170
7
2018
$699,000
$633,000
123
1
2017
$1,064,000
$1,035,000
41
2
2016
$1,332,855
$1,207,270
111
5
2015
$947,000
$912,000
161
2
Q1 {2019 v 2018}
Change
27
/ Los Olivos / Santa Ynez Valley Q1 Market Update
|
Average Selling Price Total Units Sold $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
2015
2016
2017
2018
Average Selling Price
2019
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
-7%
-6%
-59%
-14%
2019
$519,575
$521,869
47
12
2018
$558,377
$552,893
116
14
2017
$790,325
$749,250
151
6
2016
$476,357
$469,464
104
14
2015
$368,150
$357,550
64
10
Q1 {2019 v 2018}
Change
Santa Ynez Valley Q1 Market Update / Buellton / 28
at a glance {Q1 | 2019}
BUELLTON
-6
%
Change in Average Selling Price {2019 v 2018}
-14
%
Change in Units Sold {2019 v 2018}
12 Units Sold
500k
$
Average Selling Price
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