Montecito, CA | web: 0114121
Santa Barbara Market Update First Quarter 2017 SANTA BARBARA BROKERAGES Montecito - Coast Village Road Brokerage | t. 805.969.9993 Montecito - Upper Village Brokerage | t. 805.969.5005 Santa Barbara Brokerage | t. 805.963.1391 Santa Ynez Valley Brokerage | t. 805.688.4200
sothebyshomes.com All data within this document is pulled from the Santa Barbara MLS. Areas include from Carpinteria - Santa Ynez.
FIVE YEARS OF AVERAGE SELLING PRICES | Q1
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0 2013
2014
Montecito
Santa Barbara
2015
Carpinteria | Summerland
2016
Hope Ranch
Goleta
2017
Santa Ynez
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
$4,500,000
70
$4,000,000
60
$3,500,000
MONTECITO
50
$3,000,000
The community of Montecito offers a serene
$2,500,000
40
retreat and boasts tree-lined streets with lavish
$2,000,000
30
estates, many of which are architecturally
$1,500,000
significant, including English-style manor
$1,000,000
houses and elegant contemporary homes that stretch from the beach up into the foothills.
20 10
$500,000 $0
0 2013
Elegance is exuded in every detail of its stunning
2014
2015
Average Sale Price
surroundings and relaxed atmosphere.
2016
2017
Total SFH Sold
2013
2014
2015
2016
2017
% Change (2017 v 2016)
AVERAGE LIST PRICE
$3,300,473
$3,092,399
$4,531,484
$4,277,913
$3,891,217
-9%
AVERAGE SALE PRICE
$3,137,099
$2,868,278
$4,240,813
$4,055,923
$3,538,363
-13%
TOTAL SFH SOLD
59
43
56
63
46
-27%
DISCOUNT RATIO
95%
93%
94%
95%
91%
SINGLE FAMILY HOMES | Q1
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
$1,400,000
250
$1,800,000
60
$1,200,000 $1,600,000
CARPINTERIA / SUMMERLAND
200 50
$1,400,000
$1,000,000
40
$1,200,000
150
$1,000,000
$800,000
30
$600,000 $600,000
20
$800,000
The oceanside city of Carpinteria has its own special character and is known as a residential and agricultural gem with gorgeous bluffs
100
$400,000
10
$400,000 $200,000
050
$0
overlooking the ocean and beautiful beaches.
$200,000
2013
2014
2015
Average Sale Price
$0 2010
2011
2016
2017
Total SFH Sold
2012
Average Sale Price
0
2013
2014
Total SFH Sold
2013
2014
2015
2016
2017
% Change (2017 v 2016)
AVERAGE LIST PRICE
$989,706
$1,259,781
$1,820,639
$696,751
$1,195,552
72%
AVERAGE SALE PRICE
$954,764
$1,221,883
$1,666,911
$676,295
$1,153,567
71%
TOTAL SFH SOLD
53
26
56
37
52
41%
DISCOUNT RATIO
96%
97%
92%
97%
96%
SINGLE FAMILY HOMES | Q1
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1 $6,000,000
16 14
$5,000,000
12
HOPE RANCH
$4,000,000
The palm-lined community of Hope Ranch is a
$3,000,000
world of its own. Hope Ranch properties have spectacular views of both the mountains and the ocean. A wonderful blend of fine estates, Hope
10 8 6
$2,000,000
4 $1,000,000
2
Ranch remains one of the great gems of gracious living in the Santa Barbara area.
$0
0 2013
2014
2015
Average Sale Price
2016
2017
Total SFH Sold
2013
2014
2015
2016
2017
% Change (2017 v 2016)
AVERAGE LIST PRICE
$2,504,538
$4,161,000
$4,195,250
$6,008,500
$3,073,667
-49%
AVERAGE SALE PRICE
$2,389,251
$3,967,688
$3,870,417
$5,301,250
$2,915,880
-45%
TOTAL SFH SOLD
13
8
12
4
15
275%
DISCOUNT RATIO
95%
95%
92%
88%
95%
SINGLE FAMILY HOMES | Q1
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA | SANTA YNEZ
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
200
$1,400,000 $1,400,000
250
180
$1,200,000
SANTA BARBARA
$1,200,000
160
$1,000,000
140
200
$1,000,000
120
$800,000
Known as the American Riviera, Santa Barbara is
$800,000
truly one of California’s most vibrant and beautiful
$600,000
cities. The alluring landscape is enhanced by the red-tiled roofs of homes, the foliage of its Spanish heritage, the striking backdrop of the Santa Ynez Mountains and the majestic palm trees.
150 100
$600,000
80 60100
$400,000
40
$400,000 $200,000 $0 $200,000
20 0 2013
2014
$0
2015
Average Sale Price
2010
2011
2012
Average Sale Price
2016
50
2017
0
Total SFH Sold
2013
2014
Total SFH Sold
2013
2014
2015
2016
2017
% Change (2017 v 2016)
AVERAGE LIST PRICE
$847,943
$1,108,148
$1,285,438
$1,207,691
$1,249,278
3%
AVERAGE SALE PRICE
$831,966
$1,080,725
$1,245,586
$1,173,217
$1,208,915
3%
TOTAL SFH SOLD
154
148
189
152
164
8%
DISCOUNT RATIO
98%
98%
97%
97%
97%
SINGLE FAMILY HOMES | Q1
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
$1,000,000
160
$900,000
140
$800,000
120
GOLETA
$700,000 $600,000
100
Goleta lies approximately 15 miles west of
$500,000
80
$400,000
60
Santa Barbara. Formerly home to acres of
$300,000
avocados, lemons and oranges, Goleta real
$200,000
estate is built among the few remaining
$100,000
productive groves. Goleta enjoys fabulous
40 20
$0
0 2013
2014
communities, beaches, schools, and outdoor
2015
Average Sale Price
2016
2017
Total SFH Sold
living. Views abound throughout the area of the Santa Ynez Mountains and the Channel Islands. 2013
2014
2015
2016
2017
% Change (2017 v 2016)
AVERAGE LIST PRICE
$698,801
$701,424
$771,525
$709,681
$880,344
24%
AVERAGE SALE PRICE
$695,202
$688,552
$755,031
$697,307
$859,968
23%
TOTAL SFH SOLD
135
95
102
91
115
26%
DISCOUNT RATIO
99%
98%
98%
98%
98%
SINGLE FAMILY HOMES | Q1
sothebyshomes.com/santabarbara
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
$1,800,000
60
$1,600,000
SANTA YNEZ
$1,400,000
The Santa Ynez Valley is home to many world-
$1,000,000
50
$1,200,000
40 30
$800,000
renown vineyards and wineries as well as recognized horse breeding ranches. Other local attractions include the majestic Los Padres
$600,000
20
$400,000
10
$200,000
National Forest, Old Mission Santa Inez, golf
$0
0 2013
courses, and the historic Carriage House Museum
2014
2015
Average Sale Price
that depicts relics of Santa Ynez’s past as a stage
2016
2017
Total SFH Sold
coach stop. Santa Ynez Valley real estate includes luxury homes and equestrian properties. 2013
2014
2015
2016
2017
% Change (2017 v 2016)
AVERAGE LIST PRICE
$1,037,543
$848,778
$943,649
$923,443
$1,674,153
81%
AVERAGE SALE PRICE
$948,547
$798,630
$883,782
$868,893
$1,615,754
86%
TOTAL SFH SOLD
29
27
35
48
47
-2%
DISCOUNT RATIO
91%
94%
94%
94%
97%
SINGLE FAMILY HOMES | Q1
FEATURED LISTINGS LA CUESTA ROQUENA Santa Barbara, CA
Web ID: 0632573 | $6,565,000 This 1936 Spanish Hacienda situated on 3.9 +/secluded hilltop acres with spectacular ocean and mountain views is reminiscent of the quiet elegance and architectural tradition which has drawn people to Santa Barbara for over a century. Montecito - Upper Village Road Brokerage John McGowan | 805.637.5858
“EL CEDRO” Montecito, CA
Web ID: 0114116 | $3,900,000 El Cedro, designed by famed architect Joseph Plunkett, set in Montecito’s Hedgerow District, has it all: Renowned architecture; today’s floor plan with four suites each with bath and fireplace; grounds for family entertaining; and proximity to MUS, the Upper and Coast Villages. Montecito - Coast Village Road Brokerage Harry Kolb | 805.452.2500
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS GREENWICH, CT | Web: 0068439 | $5,195,000 NEW YORK, NY | Web: 0139257 | $5,000,000 SAN FRANCISCO, CA | Web: 0088441 | $4,990,000 RESORT MARKETS PALM BEACH, FL | Web: 0077163 | $5,850,000 MONTECITO, CA | Web: 0114101 | $5,395,000 NAPA VALLEY, CA | Web: 1190523 | $5,300,000 FOREIGN MARKETS BERMUDA | Web: 8CX55H | $5,950,000 AUSTRALIA | Web: N6EJ85 | Price Upon Request FRANCE | Web: 9XY5ZZ | Price Upon Request sothebysrealty.com
JEAN-MICHEL BASQUIAT In the Wings, 1986 To be sold in the Contemporary Art Evening Sale New York 18 May 2016
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