Q2 | 2019
Santa Barbara | Santa Ynez Valley
Market Update
MONTECITO
French Country Estate at Butterfly Beach Offered at $5,495,000 | 1164Hill.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 east valley road
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/ SAN TABARBARA
SANTA BARBARA
Tuscan-Style Home with Panoramic Views | Offered at $3,299,000 2885SpyglassRidge.com
MONTECITO
Offered at $75,000,000 RanchoSanCarlosEstate.com MONTECITO
Offered at $8,900,000 355OrtegaRidge.com MONTECITO
Offered at $3,750,000 238MiramarAve.com MONTECITO
Offered at $2,995,000 2891HiddenValleyLane.com *in order from left to right, top to bottom
sothebyshomes.com/santabarbara
5
/ Santa Barbara Featured Properties / Santa Barbara Q2 Market Update
Market Snapshot Santa Barbara | Q2 2019
Highlight: Total Units Sold Highlight -units vs ASP
Carpinteria & Summerland
Goleta
$1.8
600
$1.6
550
$1.4
Montecito
Carp-Summerland
500
Montecito
450
Santa Barbara
400
Hope Ranch
350
$1.2
$1.0
$0.8
$0.6
Santa Barbara Hope Ranch
Goleta $0.2
250
$0.0
200
*Price in Millions
Total Units Sold 50 68 221 12 146
300
$0.4
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
/ Q2 Market Snapshot / Santa Barbara Q2 Market Update
at a glance {Q2 | 2019}
carpinteria | summerland
78
%
Change in Average Selling Price {2019 v 2018}
-19
%
Change in Units Sold {2019 v 2018}
50 Units Sold
1.7m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,000,000
80
$1,800,000
70
$1,600,000
60
$1,400,000 $1,200,000
50
$1,000,000
40
$800,000
30
$600,000
20
$400,000
10
$200,000 $0
0
2015
2016
2017
2018
Average Selling Price
2019
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
87%
78%
148%
-19%
2019
$1,917,101
$1,749,842
104
50
2018
$1,024,256
$982,613
42
62
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
Q2 {2019 v 2018}
Change
9
/ Carpinteria | Summerland / Santa Barbara Q2 Market Update
|
Average Selling Price Total Units Sold $4,500,000
80
$4,000,000
70
$3,500,000
60
$3,000,000
50
$2,500,000
40
$2,000,000
30
$1,500,000 $1,000,000
20
$500,000
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
27%
25%
-16%
79%
2019
$4,269,941
$3,976,387
87
68
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
Q2 {2019 v 2018}
Change
Santa Barbara Q2 Market Update / Montecito / 10
at a glance {Q2 | 2019}
montecito
25
%
Change in Average Selling Price {2019 v 2018}
79
%
Change in Units Sold {2019 v 2018}
68 Units Sold
4
$ m Average Selling Price
at a glance {Q2 | 2019}
santa barbara
0
%
Change in Average Selling Price {2019 v 2018}
-6
%
Change in Units Sold {2019 v 2018}
221 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,350,000
260 250
$1,300,000
240
$1,250,000
230 $1,200,000
220
$1,150,000
210
$1,100,000
200
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
1%
0%
50%
-6%
2019
$1,333,525
$1,297,883
58
221
2018
$1,322,400
$1,295,856
39
234
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
Q2 {2019 v 2018}
Change
13
/ Santa Barbara / Santa Barbara Q2 Market Update
|
Average Selling Price Total Units Sold $7,000,000
14
$6,000,000
12
$5,000,000
10
$4,000,000
8
$3,000,000
6
$2,000,000
4
$1,000,000
2
$0
0
2015
2016
2018
2017
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
-28%
-27%
-47%
33%
2019
$4,571,500
$4,212,138
110
12
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
Q2 {2019 v 2018}
Change
Santa Barbara Q2 Market Update / Hope Ranch / 14
at a glance {Q2 | 2019}
hope ranch
-27
%
Change in Average Selling Price {2019 v 2018}
33
%
Change in Units Sold {2019 v 2018}
12 Units Sold
4.2m
$
Average Selling Price
at a glance {Q2 | 2019}
goleta
11
%
Change in Average Selling Price {2019 v 2018}
-5
%
Change in Units Sold {2019 v 2018}
146 Units Sold
1
$ m Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
175 170
$1,000,000
165 160
$800,000
155
$600,000
150 145
$400,000
140 135
$200,000
130
$0
125
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
12%
11%
-6%
-5%
2019
$1,008,531
$997,669
30
146
2018
$902,189
$895,835
32
153
2017
$1,020,034
$978,216
33
162
2016
$869,250
$854,884
25
141
2015
$755,434
$753,350
27
169
Q2 {2019 v 2018}
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
SANTA YNEZ
Serene And Secluded | Offered at $2,350,000 4251LongValley.com
SANTA YNEZ
Offered at $9,495,000 1430CountFleet.com SANTA YNEZ
Offered at $7,998,000 7300HappyCyn.com SOLVANG
Offered at $5,495,000 FredensborgCanyonRanch.com SANTA YNEZ
Offered at $3,195,000 2840MontecieloDrive.com *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 2019
Highlight -units vs ASP $1.4
Santa Ynez
Buellton
$1.2
Santa Ynez
70
$1.0
Ballard & Solvang
60
Los Olivos
50
$0.8
Los Olivos Ballard & Solvang
80
Buellton
$0.6
30
$0.4
15 36 3 18
20
$0.2
10
$0.0
0
*Price in Millions
Total Units Sold
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
40
Five Year Comparison Santa Ynez Valley
$2.5 $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
/ Q2 Market Snapshot / Santa Ynez Valley Q2 Market Update
at a glance {Q2 | 2019}
santa ynez
-48
%
Change in Average Selling Price {2019 v 2018}
-29
%
Change in Units Sold {2019 v 2018}
15 Units Sold
1.2m
$
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
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
-49%
-48%
-69%
-29%
2019
$1,229,733
$1,163,783
55
15
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
Q2 {2019 v 2018}
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
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
13%
11%
0%
-5%
2019
$1,065,694
$1,003,057
89
36
2018
$946,618
$905,670
89
38
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
Q2 {2019 v 2018}
Change
Santa Ynez Valley Q2 Market Update / Ballard | Solvang / 24
at a glance {Q2 | 2019}
ballard | solvang
11
%
Change in Average Selling Price {2019 v 2018}
-5
%
Change in Units Sold {2019 v 2018}
36 Units Sold
1
$ m Average Selling Price
at a glance {Q2 | 2019}
los olivos
-4
%
Change in Average Selling Price {2019 v 2018}
50
%
Change in Units Sold {2019 v 2018}
3
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
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
2%
-4%
206%
50%
2019
$942,667
$870,417
107
3
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
Q2 {2019 v 2018}
Change
27
/ Los Olivos / Santa Ynez Valley Q2 Market Update
|
Average Selling Price Total Units Sold 25
$900,000 $800,000
20
$700,000 $600,000
15
$500,000 $400,000
10
$300,000 $200,000
5
$100,000 $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
-15%
-15%
27%
38%
2019
$504,411
$497,020
81
18
2018
$590,138
$587,615
64
13
2017
$788,043
$767,869
58
21
2016
$616,750
$600,667
98
12
2015
$458,813
$450,813
57
8
Q2 {2019 v 2018}
Change
Santa Ynez Valley Q2 Market Update / Buellton / 28
at a glance {Q2 | 2019}
buellton
-15
%
Change in Average Selling Price {2019 v 2018}
38
%
Change in Units Sold {2019 v 2018}
18 Units Sold
500k
$
Average Selling Price
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