Q1 | 2018
Santa Barbara | Santa Ynez Valley
Market Update
MONTECITO
Italian Vineyard Estate | Offered at $12,500,000 sothebyshomes.com/0113996
Our gratitude for all of our first responders and emergency personnel will never cease. The beauty of our community expands far beyond the natural landscape and it is what makes this incredible place our home. #MONTECITOSTRONG
a message from
Dave Osman
Santa Barbara Region Vice President & Brokerage Manager This past quarter has proven to be challenging for many unforeseen reasons. The Thomas Fire swept through the hills burning structures and decimating the flora. Unprecedented rainfall following the Thomas Fire triggered mud and debris flows, causing immense devastation and destruction to our beautiful community. The Sotheby’s International Realty - Montecito, Santa Barbara, and Santa Ynez Valley offices stepped in to action with agents who volunteered at donation centers, gathered supplies and distributed to those in need. We stand Montecito Strong with our community and hope all those effected will find solidarity as we rebuild and begin a new chapter. I hope that you find the information in our quarterly update useful to make an informed decision in the purchase or sale of your next home. I invite you to discover more information online at sothebyshomes.com. If Sotheby’s International Realty can be of service to you, please call me at 805.565.8655, so that I may personally introduce you to a local expert.
dre
phone
636086
dave.osman@sothebyshomes.com
805 565 8655
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 OT HE BYSH O MES.COM/SANTABAR BARA
MONTECITO
Casa Cielo | Offered at $9,950,000 sothebyshomes.com/0114240
MISSION CANYON
Offered at $7,900,000 sothebyshomes.com/0593164 MONTECITO UPPER VILLAGE
Offered at $7,500,000 sothebyshomes.com/0114157 HOPE RANCH
Offered at $4,150,000 sothebyshomes.com/0114312 WEST BEACH
Offered at $2,100,000 sothebyshomes.com/0114333 *in order from left to right, top to bottom
sothebyshomes.com/santabarbara
7
/ Santa Barbara Featured Properties / Santa Barbara Q1 Market Update
Market Snapshot Santa Barbara | Q1 2018
Highlight: Total Units Sold Highlight -units vs ASP
Carpinteria & Summerland $1.8
450
$1.6
Goleta
Montecito
400
$1.4
Carp-Summerland $1.2
Montecito
350
$1.0
Santa Barbara $0.8
Hope Ranch
Hope Ranch
300
$0.6
Santa Barbara
Goleta
$0.4
250
$0.2 $0.0 *Price in Millions
Total Units Sold 30 38 163 16 92
200
2014 2015 2016 2017 2018
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
2014
2015
2016
2017
2018
Average Selling Price Over Five Years by Area
Carpinteria | Summerland
Montecito
Santa Barbara
Hope Ranch
9
Goleta
/ Q1 Highlights / Santa Barbara Q1 Market Update
at a glance {Q1 | 2018}
carpinteria | summerland
-25
%
Change in Average Selling Price {2018 v 2017}
-42
%
Change in Units Sold {2018 v 2017}
30 Units Sold
900k
$
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
2014
2015
2016
2017
Average Selling Price
2018
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
-25%
-25%
2%
-42%
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
2014
$1,259,781
$1,221,883
69
26
Q1 {2018 v 2017}
Change
11
/ Carpinteria | Summerland / Santa Barbara Q1 Market Update
|
Average Selling Price Total Units Sold $5,000,000
70
$4,500,000
60
$4,000,000 $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
2014
2015
2016
2017
Average Selling Price
2018
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
9%
9%
-1%
-17%
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
2014
$3,092,399
$2,868,278
110
43
Q1 {2018 v 2017}
Change
Santa Barbara Q1 Market Update / Montecito / 12
at a glance {Q1 | 2018}
montecito
9
%
Change in Average Selling Price {2018 v 2017}
-17
%
Change in Units Sold {2018 v 2017}
38 Units Sold
3.8m
$
Average Selling Price
at a glance {Q1 | 2018}
santa barbara
9
%
Change in Average Selling Price {2018 v 2017}
-1
%
Change in Units Sold {2018 v 2017}
163 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
200 180
$1,200,000
160
$1,000,000
140
$800,000
120 100
$600,000
80
$400,000
60 40
$200,000
20
$0
0
2014
2015
2016
2017
Average Selling Price
2018
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
7%
9%
-29%
-1%
2018
$1,340,706
$1,315,781
43
163
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
2014
$1,108,148
$1,080,725
51
148
Q1 {2018 v 2017}
Change
15
/ Santa Barbara / Santa Barbara Q1 Market Update
|
Average Selling Price Total Units Sold $6,000,000
18 16
$5,000,000
14
$4,000,000
12 10
$3,000,000
8
$2,000,000
6 4
$1,000,000
2
$0
0
2014
2015
2016
2017
Average Selling Price
2018
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
44%
41%
3%
7%
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
2014
$4,161,000
$3,967,688
60
8
Q1 {2018 v 2017}
Change
Santa Barbara Q1 Market Update / Hope Ranch / 16
at a glance {Q1 | 2018}
hope ranch
41
%
Change in Average Selling Price {2018 v 2017}
7
%
Change in Units Sold {2018 v 2017}
16 Units Sold
4.1m
$
Average Selling Price
at a glance {Q1 | 2018}
goleta
1
%
Change in Average Selling Price {2018 v 2017}
-20
%
Change in Units Sold {2018 v 2017}
92 Units Sold
900k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,000,000
140
$900,000
120
$800,000 $700,000
100
$600,000
80
$500,000 $400,000
60
$300,000
40
$200,000
20
$100,000 $0
0
2014
2015
2016
2017
Average Selling Price
2018
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
-1%
1%
-11%
-20%
2017
$873,658
$864,935
44
92
2016
$880,344
$859,968
50
115
2015
$709,681
$697,307
34
91
2014
$771,525
$755,031
49
102
2013
$701,424
$688,552
34
95
Q1 {2018 v 2017}
Change
19
/ 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/SANTAYNE Z
SANTA YNEZ
Fox Hill Farm, Happy Canyon | Offered at $5,850,000 sothebyshomes.com/0621846
SANTA YNEZ
Offered at $14,900,000 sothebyshomes.com/0621762 SANTA YNEZ
Offered at $4,600,000 sothebyshomes.com/0621739 BUELLTON
Offered at $3,548,200 sothebyshomes.com/0621854 SANTA YNEZ
Offered at $1,595,000 sothebyshomes.com/ 0621842 *in order from left to right, top to bottom
sothebyshomes.com/santaynez
21
/ Featured Properties / Santa Ynez Valley Q1 Market Update
Market Snapshot
Highlight: Total Units Sold Santa Ynez Valley | Q1 2018
Highlight -units vs ASP
Buellton
60
$1.0
50
Santa Ynez Santa Ynez
Los Olivos
$1.2
$0.8
$0.6
Ballard & Solvang
18 24 1 12
Los Olivos Buellton
$0.2
10
$0.0
0
2014 2015 2016 2017 2018
Average Selling Price vs. Total Units Sold Average Selling Price
Ballard | Solvang
Total Units Sold
Buellton
30
20
Santa Ynez Los Olivos
40
$0.4
*Price in Millions
Total Units Sold
Ballard & Solvang
Five Year Comparison Santa Ynez Valley
$2.0
$1.5
$1.0
$0.5
$0.0 *Price in Millions
2014
2015
2016
2017
2018
Average Selling Price Over Five Years by Area
Santa Ynez
Ballard | Solvang
Los Olivos
23
Buellton
/ Q1 Market Snapshot / Santa Ynez Valley Q1 Market Update
at a glance {Q1 | 2018}
santa ynez
25
%
Change in Average Selling Price {2018 v 2017}
64
%
Change in Units Sold {2018 v 2017}
18 Units Sold
1.6m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
20
$1,600,000
18
$1,400,000
16 14
$1,200,000
12
$1,000,000
10
$800,000
8
$600,000
6
$400,000
4
$200,000
2
$0
0
2014
2015
2016
2017
Average Selling Price
2018
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
21%
25%
-37%
64%
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
2014
$1,391,857
$1,296,643
51
7
Q1 {2018 v 2017}
Change
25
/ Santa Ynez / Santa Ynez Valley Q1 Market Update
|
Average Selling Price Total Units Sold
$1,200,000
30
$1,000,000
25
$800,000
20
$600,000
15
$400,000
10
$200,000
5
$0
0
2014
2015
2016
2017
Average Selling Price
2018
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
7%
8%
-38%
0%
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
2014
$828,273
$769,000
125
11
Q1 {2018 v 2017}
Change
Santa Ynez Valley Q1 Market Update / Ballard | Solvang / 26
at a glance {Q1 | 2018}
ballard | solvang
8
%
Change in Average Selling Price {2018 v 2017}
0
%
Change in Units Sold {2018 v 2017}
24 Units Sold
1m
$
Average Selling Price
at a glance {Q1 | 2018}
los olivos
-39
%
Change in Average Selling Price {2018 v 2017}
-50
%
Change in Units Sold {2018 v 2017}
1
Units Sold
600k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
6
$1,200,000
5
$1,000,000
4
$800,000 3 $600,000 2
$400,000 $200,000
1
$0
0
2014
2015
2016
2017
Average Selling Price
2018
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
-34%
-39%
200%
-50%
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
2014
$619,000
$619,000
9
1
Q1 {2018 v 2017}
Change
29
/ 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
2014
2015
2016
2017
Average Selling Price
2018
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
-29%
-26%
-17%
100%
2018
$564,190
$557,792
126
12
2017
$790,325
$749,250
151
6
2016
$476,357
$469,464
104
14
2015
$368,150
$357,550
64
10
2014
$465,625
$460,625
61
8
Q1 {2018 v 2017}
Change
Santa Ynez Valley Q1 Market Update / Buellton / 30
at a glance {Q1 | 2018}
buellton
-26
%
Change in Average Selling Price {2018 v 2017}
100
%
Change in Units Sold {2018 v 2017}
12 Units Sold
600k
$
Average Selling Price
April & May 2018 New York Auction Calendar Magnificent Jewels Auction 18 April The Jeweler’s Eye: The Personal Collection of Fred Leighton Auction 18 April Fine Jewels Auction 19 April Luxe: Art of Design European Decorative Arts & 20th Century Design Auctions 20 & 22 April Life + Curated: The Victor A. Diaz Collection Auction 20 April Finest & Rarest Wines Auction 21 April Print & Multiples Auction 26–27 April Impressionist & Modern Art Evening & Day Sales Auctions 14 & 15 May Raising The Bar: Masterworks from the Collection of Morton and Barbara Mandel Auction 16 May Contemporary Art Evening & Day Auctions Auctions 16 & 17 May Property from a Distinguished New York Private Collection JACKSON POLLOCK Number 32, 1949 To be offered in New York Contemporary Evening Auction 16 May
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/auctions.
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