Q2 | 2018
Santa Barbara | Santa Ynez Valley
Market Update
MONTECITO
Classical Style Meets California Comfort | Offered at $47,000,000 sothebyshomes.com/0114372
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 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 OT HE BYSH O MES.COM/SANTABAR BARA
MONTECITO
An Artful Contemporary | Offered at $5,300,000 sothebyshomes.com/0114366
MONTECITO
Offered at $7,475,000 sothebyshomes.com/0114337 SANTA BARBARA
Offered at $5,995,000 sothebyshomes.com/0114380 SANTA BARBARA
Offered at $4,885,000 sothebyshomes.com/0114305 SANTA BARBARA
Offered at $1,380,000 sothebyshomes.com/0114302 *in order from left to right, top to bottom
sothebyshomes.com/santabarbara
5
/ Santa Barbara Featured Properties / Santa Barbara Q2 Market Update
Market Snapshot
Highlight: Total| Q2Units Sold Santa Barbara 2018 Highlight -units vs ASP Carpinteria & Summerland
Goleta
Montecito
Santa Barbara Hope Ranch
$1.5
600
Carp-Summerland $1.5
550
Montecito
500
Santa $1.4Barbara
450
Hope Ranch
400
Goleta $1.4
350 300
$1.3
250 $1.3 *Price in Millions
Total Units Sold 61 38 233 9 152
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
$7 $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
7
Goleta
/ Q2 Highlights / Santa Barbara Q2 Market Update
at a glance {Q2 | 2018}
carpinteria | summerland
-18
%
Change in Average Selling Price {2018 v 2017}
24
%
Change in Units Sold {2018 v 2017}
60 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
80
$1,600,000
70
$1,400,000
60
$1,200,000
50
$1,000,000
40
$800,000
30
$600,000 $400,000
20
$200,000
10
$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
-19%
-18%
-31%
24%
2018
$1,024,736
$983,065
42
61
2017
$1,268,353
$1,205,219
61
49
2016
$1,037,006
$1,000,169
47
66
2015
$879,323
$859,219
51
72
2014
$1,631,904
$1,525,136
35
50
Q2 {2018 v 2017}
Change
9
/ Carpinteria | Summerland / Santa Barbara Q2 Market Update
|
Average Selling Price Total Units Sold $3,800,000
80
$3,700,000
70
$3,600,000
60
$3,500,000 $3,400,000
50
$3,300,000
40
$3,200,000
30
$3,100,000
20
$3,000,000 $2,900,000
10
$2,800,000
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
-10%
-10%
-12%
-42%
2018
$3,371,329
$3,169,070
103
38
2017
$3,744,344
$3,513,939
117
66
2016
$3,633,982
$3,448,892
117
55
2015
$3,963,701
$3,718,629
64
67
2014
$4,083,912
$3,742,004
83
68
Q2 {2018 v 2017}
Change
Santa Barbara Q2 Market Update / Montecito / 10
at a glance {Q2 | 2018}
montecito
-10
%
Change in Average Selling Price {2018 v 2017}
-42
%
Change in Units Sold {2018 v 2017}
38 Units Sold
3.2m
$
Average Selling Price
at a glance {Q2 | 2018}
santa barbara
0
%
Change in Average Selling Price {2018 v 2017}
-8
%
Change in Units Sold {2018 v 2017}
233 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,350,000
260 255
$1,300,000
250 245
$1,250,000
240 235
$1,200,000
230 225
$1,150,000
220 $1,100,000
215
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
0%
0%
-28%
-8%
2018
$1,322,431
$1,295,877
39
233
2017
$1,326,589
$1,299,297
54
254
2016
$1,256,069
$1,222,900
45
237
2015
$1,209,249
$1,175,868
48
256
2014
$1,195,462
$1,171,269
40
229
Q2 {2018 v 2017}
Change
13
/ Santa Barbara / Santa Barbara Q2 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
150%
144%
162%
13%
2018
$6,322,222
$5,794,222
207
9
2017
$2,526,125
$2,374,275
79
8
2016
$2,836,444
$2,651,667
112
9
2015
$4,314,909
$4,016,500
82
11
2014
$2,698,667
$2,554,722
128
9
Q2 {2018 v 2017}
Change
Santa Barbara Q2 Market Update / Hope Ranch / 14
at a glance {Q2 | 2018}
hope ranch
144
%
Change in Average Selling Price {2018 v 2017}
13
%
Change in Units Sold {2018 v 2017}
9
Units Sold
5.8m
$
Average Selling Price
at a glance {Q2 | 2018}
goleta
-8
%
Change in Average Selling Price {2018 v 2017}
-6
%
Change in Units Sold {2018 v 2017}
152 Units Sold
900k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
180 160
$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
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
-11%
-8%
-4%
-6%
2017
$903,256
$896,621
32
152
2016
$1,020,034
$978,216
33
162
2015
$869,250
$854,884
25
141
2014
$755,434
$753,350
27
169
2013
$766,436
$757,087
34
140
Q2 {2018 v 2017}
Change
17
/ Goleta / Santa Barbara Q2 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
SOLVANG
California Contemporary Alisal Ranch | Offered at $1,690,000 sothebyshomes.com/0621874
SANTA YNEZ
Offered at $4,250,000 sothebyshomes.com/0621868 BUELLTON
Offered at $3,495,000 sothebyshomes.com/0621854 BUELLTON
Offered at $1,349,000 sothebyshomes.com/0621869 SOLVANG
Offered at $795,000 sothebyshomes.com/0621794 *in order from left to right, top to bottom
sothebyshomes.com/santaynez
19
/ Featured Properties / Santa Ynez Valley Q2 Market Update
Market Snapshot
Highlight: Total Units Sold Santa Ynez Valley | Q2 2018
Highlight -units vs ASP
Buellton Los Olivos Santa Ynez
$1.4
80
$1.2
70
$1.0 $0.8
21 37 2 12
Ballard & Solvang
50
Buellton
$0.4
20
$0.2
10
$0.0
0
2014 2015 2016 2017 2018
Average Selling Price vs. Total Units Sold
Santa Ynez
Average Selling Price
Ballard | Solvang
Total Units Sold
Los Olivos Buellton
40 30
*Price in Millions
Total Units Sold
60
Los Olivos
$0.6
Ballard & Solvang
Santa Ynez
Five Year Comparison Santa Ynez Valley
$2.5
$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
21
Buellton
/ Q2 Market Snapshot / Santa Ynez Valley Q2 Market Update
at a glance {Q2 | 2018}
santa ynez
41
%
Change in Average Selling Price {2018 v 2017}
24
%
Change in Units Sold {2018 v 2017}
21 Units Sold
2.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,500,000
25
$2,000,000
20
$1,500,000
15
$1,000,000
10
$500,000
5
$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
39%
41%
56%
24%
2018
$2,399,000
$2,251,970
175
21
2017
$1,731,824
$1,601,309
112
17
2016
$1,700,912
$1,529,353
159
17
2015
$1,720,844
$1,609,073
173
16
2014
$1,475,667
$1,438,333
130
6
Q2 {2018 v 2017}
Change
23
/ Santa Ynez / Santa Ynez Valley Q2 Market Update
|
Average Selling Price Total Units Sold $1,200,000
40 35
$1,000,000
30 $800,000
25
$600,000
20 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
-9%
-8%
-31%
37%
2018
$963,689
$922,445
90
37
2017
$1,058,317
$1,005,464
130
27
2016
$1,114,223
$1,060,461
78
25
2015
$730,346
$690,415
87
13
2014
$658,500
$642,055
99
15
Q2 {2018 v 2017}
Change
Santa Ynez Valley Q2 Market Update / Ballard | Solvang / 24
at a glance {Q2 | 2018}
ballard | solvang
-8
%
Change in Average Selling Price {2018 v 2017}
37
%
Change in Units Sold {2018 v 2017}
37 Units Sold
900k
$
Average Selling Price
at a glance {Q2 | 2018}
los olivos
-40
%
Change in Average Selling Price {2018 v 2017}
-67
%
Change in Units Sold {2018 v 2017}
2
Units Sold
900k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
7
$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
-40%
-40%
-41%
-67%
2018
$927,500
$911,250
35
2
2017
$1,549,167
$1,508,250
59
6
2016
$980,000
$980,000
44
1
2015
$876,000
$833,000
78
4
2014
$1,524,333
$1,447,333
124
3
Q2 {2018 v 2017}
Change
27
/ Los Olivos / Santa Ynez Valley Q2 Market Update
|
Average Selling Price Total Units Sold $900,000
25
$800,000 20
$700,000 $600,000
15
$500,000 $400,000
10
$300,000 $200,000
5
$100,000 $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
-24%
-23%
19%
-43%
2018
$596,400
$593,667
69
12
2017
$788,043
$767,869
58
21
2016
$616,750
$600,667
98
12
2015
$458,813
$450,813
57
8
2014
$940,033
$828,955
154
12
Q2 {2018 v 2017}
Change
Santa Ynez Valley Q2 Market Update / Buellton / 28
at a glance {Q2 | 2018}
buellton
-23
%
Change in Average Selling Price {2018 v 2017}
-43
%
Change in Units Sold {2018 v 2017}
12 Units Sold
600k
$
Average Selling Price
UPCOMING AUCTIONS MONTEREY 24-25 AUGUST AUBURN FALL 30 AUGUST-2 SEPTEMBER HERSHEY 11-12 OCTOBER THE PORSCHE 70TH ANNIVERSARY SALE 27 OCTOBER LOS ANGELES 8 DECEMBER
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