Q3 | 2020
Santa Barbara | Santa Ynez Valley
Market Update
MONTECITO
World-Class Ocean View Villa 1015EMountain.com
Santa Barbara SOTHEBYSREALTY.COM
Santa Ynez Valley SOTHEBYSREALTY.COM
Montecito, Santa Barbara, and Santa Ynez Valley Brokerages MONTECITO COAST VILLAGE ROAD
805.969.9993
MONTECITO EAST VALLEY ROAD
805.969.9993
/
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
SOTHEBYSREALTY.COM
SANTA BARBARA
Modern Single-Level Home 1301WestMountain.com
MONTECITO
La Ladera 1954EastValleyRd.com MONTECITO
Old World Mediterranean-Style 2222EVR.com MONTECITO
Quintessential Compound 650StoddardLane.com SANTA BARBARA
Ocean View Mediterranean-Style 117Crestview.com *in order from left to right, top to bottom
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5
/ Santa Barbara Featured Properties / Santa Barbara Q3 Market Update
Market Snapshot
Highlight: SantaTotal Barbara Units | Q3 2020Sold Highlight -units vs ASP Carpinteria & Summerland
$2.5
800
700
$2.0
Goleta
Carp-Summerland Montecito
600
Monteci$1.5 to Santa Barbara
500
$1.0
Hope Ranch
Hope Ranch
400
Goleta $0.5
300
Santa Barbara $0.0
200
*Price in Millions
Total Units Sold 74 142 291 23 174
2016 2017 2018 2019 2020
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
2016
2017
2018
2019
2020
Average Selling Price Over Five Years by Area
Carpinteria | Summerland
Montecito
Santa Barbara
Hope Ranch
7
Goleta
/ Q3 Market Snapshot / Santa Barbara Q3 Market Update
at a glance {Q3 | 2020}
CARPINTERIA | SUMMERLAND
-9
%
Change in Average Selling Price {2020 v 2019}
25
%
Change in Units Sold {2020 v 2019}
74 Units Sold
1.5m
$
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
20
$400,000
10
$200,000 $0
0
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-10%
-9%
-34%
25%
2020
$1,580,458
$1,533,178
51
74
2019
$1,761,243
$1,691,203
77
59
2018
$922,672
$893,099
92
46
2017
$1,003,577
$970,914
54
60
2016
$968,323
$916,696
64
57
Q3 {2020 v 2019}
Change
9
/ Carpinteria | Summerland / Santa Barbara Q3 Market Update
|
Average Selling Price Total Units Sold $4,500,000
160
$4,000,000
140
$3,500,000
120
$3,000,000
100
$2,500,000
80
$2,000,000
60
$1,500,000 $1,000,000
40
$500,000
20
$0
0
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-13%
-12%
-5%
137%
2020
$3,904,569
$3,736,377
78
142
2019
$4,497,717
$4,229,259
82
60
2018
$4,591,573
$4,196,080
56
41
2017
$3,868,496
$3,540,091
122
66
2016
$3,149,419
$2,904,790
103
59
Q3 {2020 v 2019}
Change
Santa Barbara Q3 Market Update / Montecito / 10
at a glance {Q3 | 2020}
MONTECITO
-12
%
Change in Average Selling Price {2020 v 2019}
137
%
Change in Units Sold {2020 v 2019}
142 Units Sold
3.7m
$
Average Selling Price
at a glance {Q3 | 2020}
SANTA BARBARA
18
%
Change in Average Selling Price {2020 v 2019}
35
%
Change in Units Sold {2020 v 2019}
291 Units Sold
1.5m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
350
$1,400,000
300
$1,200,000
250
$1,000,000
200
$800,000 150
$600,000
100
$400,000
50
$200,000 $0
0
2016
2017
2018
2019
Average Selling Price
2020 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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
16%
18%
-5%
35%
2020
$1,493,467
$1,474,091
41
291
2019
$1,291,465
$1,254,186
43
216
2018
$1,255,735
$1,214,177
48
223
2017
$1,270,836
$1,238,399
43
235
2016
$1,304,188
$1,267,215
47
220
Q3 {2020 v 2019}
Change
13
/ Santa Barbara / Santa Barbara Q3 Market Update
|
Average Selling Price Total Units Sold $6,000,000
25
$5,000,000
20
$4,000,000
15
$3,000,000 10
$2,000,000
5
$1,000,000 $0
0
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
12%
10%
74%
130%
2020
$4,557,609
$4,182,333
115
23
2019
$4,054,000
$3,808,771
66
10
2018
$5,430,167
$5,155,278
71
9
2017
$3,148,000
$2,943,000
138
6
2016
$3,179,957
$3,051,429
108
7
Q3 {2020 v 2019}
Change
Santa Barbara Q3 Market Update / Hope Ranch / 14
at a glance {Q3 | 2020}
HOPE RANCH
10
%
Change in Average Selling Price {2020 v 2019}
130
%
Change in Units Sold {2020 v 2019}
23 Units Sold
4.2m
$
Average Selling Price
at a glance {Q3 | 2020}
GOLETA
2
%
Change in Average Selling Price {2020 v 2019}
33
%
Change in Units Sold {2020 v 2019}
174 Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
200 180
$1,000,000
160 140
$800,000
120
$600,000
100 80
$400,000
60 40
$200,000
20
$0
0
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-5%
2%
33%
33%
2020
$1,117,079
$1,098,954
48
174
2019
$1,175,473
$1,076,399
36
131
2018
$892,019
$880,544
40
142
2017
$863,089
$848,313
41
129
2016
$867,525
$853,209
33
137
Q3 {2020 v 2019}
Change
17
/ Goleta / Santa Barbara Q3 Market Update
SANTA YNEZ VALLEY
Featured Properties We invite you to explore our exclusive offerings at
SOTHEBYSREALTY.COM
SOLVANG
Stately Ranch 2019RandomOaks.com
LOS ALAMOS
Foxen Creek Ranch FoxenCreekRanch.com SANTA YNEZ
Foxen Canyon Classic 5999FoxenCanyon.com SANTA YNEZ
Oaks and Rolling Hills 1599nRefugio.com SOLVANG
Mediterranean-Style Compound 2035Dermanak.com *in order from left to right, top to bottom
SOTHEBYSREALTY.COM
19
/ Santa Ynez Valley Featured Properties / Santa Ynez Valley Q3 Market Update
Market Snapshot
Santa YnezTotal Valley |Units Q3 2020Sold Highlight:
Highlight -units vs ASP
140
$1.6 $1.4
Buellton Santa Ynez
$1.2 $1.0
Los Olivos
$0.8
120
Santa Ynez Ballard & Solvang Los Olivos Buellton
100 80 60
$0.6 40
$0.4
Ballard & Solvang
$0.2
20
$0.0
0
*Price in Millions
Total Units Sold 37 45 6 29
2016 2017 2018 2019 2020
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, Ballard, Solvang, Los Olivos and Buellton
$3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0 *Price in Millions
2016
2017
2018
2019
2020
Average Selling Price Over Five Years by Area
Santa Ynez
Ballard | Solvang
Los Olivos
21
Buellton
/ Q3 Market Snapshot / Santa Ynez Valley Q3 Market Update
at a glance {Q3 | 2020}
SANTA YNEZ
80
%
Change in Average Selling Price {2020 v 2019}
164
%
Change in Units Sold {2020 v 2019}
37 Units Sold
2.6m
$
Average Selling Price
|
Average Selling Price Total Units Sold $3,000,000
40 35
$2,500,000
30 $2,000,000
25
$1,500,000
20 15
$1,000,000
10 $500,000
5
$0
0
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
66%
80%
22%
164%
2020
$2,702,673
$2,602,351
209
37
2019
$1,631,786
$1,442,107
171
14
2018
$1,887,000
$1,767,988
223
16
2017
$1,681,194
$1,569,025
203
25
2016
$1,074,938
$1,006,159
161
16
Q3 {2020 v 2019}
Change
23
/ Santa Ynez / Santa Ynez Valley Q3 Market Update
|
Average Selling Price Total Units Sold $1,200,000
46
$1,000,000
44
$800,000
42
$600,000
40
$400,000
38
$200,000
36
$0
34
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
24%
24%
-23%
5%
2020
$1,106,878
$1,069,610
114
45
2019
$889,623
$861,704
147.4186047
43
2018
$855,437
$831,414
105
43
2017
$791,453
$755,977
102
38
2016
$904,385
$866,517
133
42
Q3 {2020 v 2019}
Change
Santa Ynez Valley Q3 Market Update / Ballard | Solvang / 24
at a glance {Q3 | 2020}
BALLARD | SOLVANG
24
%
Change in Average Selling Price {2020 v 2019}
5
%
Change in Units Sold {2020 v 2019}
45 Units Sold
1.1m
$
Average Selling Price
at a glance {Q3 | 2020}
LOS OLIVOS
-18
%
Change in Average Selling Price {2020 v 2019}
-25
%
Change in Units Sold {2020 v 2019}
6
Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
9
$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
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-18%
-18%
-30%
-25%
2020
$1,070,667
$1,051,167
79
6
2019
$1,313,250
$1,280,375
113
8
2018
$1,681,250
$1,616,750
24
4
2017
$1,334,167
$1,260,083
112
6
2016
$814,333
$765,000
101
3
Q3 {2020 v 2019}
Change
27
/ Los Olivos / Santa Ynez Valley Q3 Market Update
|
Average Selling Price Total Units Sold $800,000
35
$700,000
30
$600,000
25
$500,000
20
$400,000 15
$300,000
10
$200,000 $100,000
5
$0
0
2016
2017
2018
2019
Average Selling Price
2020
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. SOTHEBYSREALTY.COM
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
21%
22%
107%
7%
2020
$679,359
$671,276
95
29
2019
$559,739
$549,747
46
27
2018
$576,259
$567,422
59
18
2017
$714,102
$701,548
63
26
2016
$640,453
$624,493
104
15
Q3 {2020 v 2019}
Change
Santa Ynez Valley Q3 Market Update / Buellton / 28
at a glance {Q3 | 2020}
BUELLTON
22
%
Change in Average Selling Price {2020 v 2019}
7
%
Change in Units Sold {2020 v 2019}
29 Units Sold
700k
$
Average Selling Price
PHOTO BY GIAMMARCO BOSCARO ON UNSPLASH
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