Montecito, CA | web: 0632494
Santa Barbara Market Update Third Quarter 2016 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 | Q3
$4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 2012
2013
Montecito
Santa Barbara
2014
Carpinteria | Summerland
2015
Hope Ranch
Goleta
2016
Santa Ynez
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3 $4,500,000
90
$4,000,000
80
$3,500,000
70
$3,000,000
60
$2,500,000
50
$2,000,000
40
estates, many of which are architecturally
$1,500,000
30
significant, including English-style manor
$1,000,000
20
$500,000
10
MONTECITO The community of Montecito offers a serene retreat and boasts tree-lined streets with lavish
houses and elegant contemporary homes that stretch from the beach up into the foothills.
$0
0 2012
Elegance is exuded in every detail of its stunning
2013
2014
Average Sale Price
surroundings and relaxed atmosphere.
2015
2016
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$2,913,549
$2,755,085
$3,956,025
$4,070,193
$3,153,719
-23%
AVERAGE SALE PRICE
$2,756,896
$2,614,217
$3,608,418
$3,847,569
$2,906,166
-24%
TOTAL SFH SOLD
76
71
77
44
58
32%
DISCOUNT RATIO
95%
95%
91%
95%
92%
SINGLE FAMILY HOMES | Q3
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
$1,400,000
250
$1,600,000
80
$1,400,000
70
$1,200,000 $1,000,000
60
$1,000,000
50
$1,200,000
CARPINTERIA / SUMMERLAND
200
150
$800,000 $800,000
40
$600,000
30
The oceanside city of Carpinteria has its own
$400,000
100 20
special character and is known as a residential
$200,000 $400,000
10
$600,000
and agricultural gem with gorgeous bluffs
050
$0
overlooking the ocean and beautiful beaches.
$200,000
2012
2013
2014
Average Sale Price
$0 2010
2011
2015
2016
Total SFH Sold
2012
Average Sale Price
0
2013
2014
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$945,310
$852,388
$1,456,130
$1,056,154
$977,132
-7%
AVERAGE SALE PRICE
$917,270
$814,348
$1,335,290
$997,622
$924,583
-7%
TOTAL SFH SOLD
50
71
40
71
56
-21%
DISCOUNT RATIO
97%
96%
92%
94%
95%
SINGLE FAMILY HOMES | Q3
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3 $4,500,000
14
$4,000,000
12
$3,500,000
HOPE RANCH
10
$3,000,000
The palm-lined community of Hope Ranch is a world of its own. Hope Ranch properties have spectacular views of both the mountains and the ocean. A wonderful blend of fine estates, Hope Ranch remains one of the great gems of gracious
$2,500,000
8
$2,000,000
6
$1,500,000
4
$1,000,000 2
$500,000
living in the Santa Barbara area.
$0
0 2012
2013
2014
Average Sale Price
2015
2016
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$4,125,818
$2,029,271
$2,674,615
$4,450,000
$3,179,957
-29%
AVERAGE SALE PRICE
$3,437,415
$2,023,000
$2,516,615
$4,241,458
$3,051,429
-28%
TOTAL SFH SOLD
11
7
13
5
7
40%
DISCOUNT RATIO
83%
100%
94%
95%
96%
SINGLE FAMILY HOMES | Q3
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA | SANTA YNEZ
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
$1,400,000 $1,400,000
240
$1,200,000
230
250
$1,200,000
200
$1,000,000
SANTA BARBARA
220
$1,000,000 $800,000
Known as the American Riviera, Santa Barbara is
$800,000
150 210
truly one of California’s most vibrant and beautiful
$600,000
200
$400,000 $200,000
190
$0 $200,000
180
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.
$600,000
100
$400,000
50
2012
2013
$0
2014
Average Sale Price
2010
2011
2012
Average Sale Price
2015
2016
0
Total SFH Sold
2013
2014
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$989,384
$1,014,380
$1,220,876
$1,111,829
$1,298,444
17%
AVERAGE SALE PRICE
$944,744
$996,616
$1,192,633
$1,081,175
$1,262,550
17%
TOTAL SFH SOLD
230
226
203
235
215
-9%
DISCOUNT RATIO
95%
98%
98%
97%
97%
SINGLE FAMILY HOMES | Q3
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
250
$1,000,000 $900,000
200
$800,000
GOLETA
$700,000
Goleta lies approximately 15 miles west of
$500,000
150
$600,000
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
100
$400,000
50
$0
0 2012
2013
communities, beaches, schools, and outdoor
2014
Average Sale Price
2015
2016
Total SFH Sold
living. Views abound throughout the area of the Santa Ynez Mountains and the Channel Islands. 2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$716,659
$767,888
$760,395
$815,093
$872,963
7%
AVERAGE SALE PRICE
$669,029
$757,098
$756,287
$809,491
$859,326
6%
TOTAL SFH SOLD
163
154
150
195
134
-31%
DISCOUNT RATIO
93%
99%
99%
99%
98%
SINGLE FAMILY HOMES | Q3
sothebyshomes.com/santabarbara
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3
SANTA YNEZ
$1,400,000
60
$1,200,000
50
$1,000,000
The Santa Ynez Valley is home to many world-
$800,000
renown vineyards and wineries as well as
$600,000
recognized horse breeding ranches. Other local
$400,000
attractions include the majestic Los Padres
$200,000
40 30
National Forest, Old Mission Santa Inez, golf
20 10
$0
0 2012
courses, and the historic Carriage House Museum
2013
2014
Average Sale Price
that depicts relics of Santa Ynez’s past as a stage
2015
2016
Total SFH Sold
coach stop. Santa Ynez Valley real estate includes luxury homes and equestrian properties. 2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$1,392,042
$1,328,846
$1,273,414
$775,346
$983,180
27%
AVERAGE SALE PRICE
$1,223,995
$1,234,855
$1,139,320
$742,969
$923,493
24%
TOTAL SFH SOLD
38
49
46
48
49
2%
DISCOUNT RATIO
88%
93%
89%
96%
94%
SINGLE FAMILY HOMES | Q3
FEATURED LISTINGS THE HAMPTONS IN SANTA BARBARA | Carpinteria, CA Web ID: 0632516 | $26,500,000 This magnificent Cape Cod-style oceanfront estate features a wondrous home and comfortable, private guest house on nearly 1.5 acres in the prestigious gated Sand Point beach colony near Montecito, CA.
Montecito Upper Village Road Brokerage Cristal Clarke | 805.886.9378
HISTORIC HACIENDA | Montecito, CA Web ID: 0632503 | $12,500,000 This sprawling, historic hacienda is the original Oak Creek Canyon Ranch house. It sits atop 6 acres, with sweeping views of the mountains, the ocean and the Channel Islands.
Montecito Upper Village Road Brokerage Dave Kent | 805.969.2149
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS GREENWICH, CT | Web: 0068155 | $5,250,000 NEW YORK, NY | Web: 00111133 | $4,500,000 SAN FRANCISCO, CA | Web: 0088167 | $4,995,000 RESORT MARKETS MALIBU, CA | Web: 1300180 | $4,495,000 PALM BEACH, FL | Web: 0076898 | $4,985,000 NAPA VALLEY, CA | Web: 0244147 | $4,250,000 FOREIGN MARKETS SOUTH AFRICA | Web: LDKL3H | R 77 000 000 ZAR CHINA | Web: JVEBHK | ¥31,200,000 CNY ST. BARTHELEMY | Web: GKBQQ6 | 5.300.000 € EUR sothebysrealty.com
MASTERPIECES IN THE MAKING
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