Montecito, CA | web: 0114083
Santa Barbara Market Update Fourth 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 | Q4
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0 2012
2013
Montecito
Santa Barbara
2014
Carpinteria | Summerland
2015
Hope Ranch
Goleta
2016
Santa Ynez
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
$4,000,000
100 90
$3,500,000
80
$3,000,000
MONTECITO
70
$2,500,000
The community of Montecito offers a serene retreat and boasts tree-lined streets with lavish estates, many of which are architecturally
60
$2,000,000
50 40
$1,500,000
30
$1,000,000
significant, including English-style manor houses and elegant contemporary homes that stretch from the beach up into the foothills.
20
$500,000
10
$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
$3,096,977
$3,798,987
$3,057,238
$3,645,469
$3,243,432
-11%
AVERAGE SALE PRICE
$2,828,281
$3,422,400
$2,867,950
$3,418,449
$3,073,649
-10%
TOTAL SFH SOLD
87
52
40
48
44
-8%
DISCOUNT RATIO
91%
90%
94%
94%
95%
SINGLE FAMILY HOMES | Q4
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
$1,400,000
250
$1,600,000
54
$1,400,000
200 52
$1,200,000
CARPINTERIA / SUMMERLAND
$1,200,000 $1,000,000
50
$1,000,000
150
$800,000 $800,000
48
$600,000
46
$600,000
The oceanside city of Carpinteria has its own
$400,000
special character and is known as a residential
$200,000 $400,000
and agricultural gem with gorgeous bluffs
100
44 42 50
$0
$200,000
overlooking the ocean and beautiful beaches.
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
$1,127,145
$1,196,879
$1,153,215
$1,441,163
$1,041,753
-28%
AVERAGE SALE PRICE
$1,069,271
$1,106,443
$1,094,373
$1,376,077
$1,002,314
-27%
TOTAL SFH SOLD
53
49
52
46
51
11%
DISCOUNT RATIO
95%
92%
95%
95%
96%
SINGLE FAMILY HOMES | Q4
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $6,000,000
9 8
$5,000,000 7
HOPE RANCH
$4,000,000
The palm-lined community of Hope Ranch is a
$3,000,000
6 5
world of its own. Hope Ranch properties have spectacular views of both the mountains and the ocean. A wonderful blend of fine estates, Hope
4 $2,000,000
3 2
$1,000,000 1
Ranch remains one of the great gems of gracious 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
$3,051,250
$3,505,000
$2,589,125
$5,825,714
$3,208,333
-45%
AVERAGE SALE PRICE
$2,946,125
$3,285,833
$2,364,750
$5,306,929
$3,161,667
-40%
TOTAL SFH SOLD
8
6
8
7
3
-57%
DISCOUNT RATIO
97%
94%
91%
91%
99%
SINGLE FAMILY HOMES | Q4
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA | SANTA YNEZ
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
$1,400,000 $1,400,000
350
$1,200,000
300
$1,000,000
250
250
$1,200,000
SANTA BARBARA
200
$1,000,000 200
$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
150
$600,000 $400,000
100 100
$400,000 $200,000
50
$0 $200,000
0 2012
2013
$0
2014
Average Sale Price
2010
2011
2012
Average Sale Price
2015
50
2016
0
Total SFH Sold
2013
2014
Total SFH Sold
2012
2013
2014
2015
2016
% Change (2016 v 2015)
AVERAGE LIST PRICE
$754,325
$1,030,376
$1,107,189
$1,166,523
$1,236,449
6%
AVERAGE SALE PRICE
$735,734
$1,006,316
$1,077,634
$1,132,848
$1,192,776
5%
TOTAL SFH SOLD
323
193
195
170
205
21%
DISCOUNT RATIO
98%
98%
97%
97%
96%
SINGLE FAMILY HOMES | Q4
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
140
$1,000,000 $900,000
135
$800,000
GOLETA
$700,000
130
$600,000
125
Goleta lies approximately 15 miles west of
$500,000
Santa Barbara. Formerly home to acres of
$400,000
120
$300,000
115
avocados, lemons and oranges, Goleta real
$200,000
estate is built among the few remaining
$100,000
productive groves. Goleta enjoys fabulous
110
$0
105 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
$640,489
$950,738
$665,336
$789,058
$835,594
6%
AVERAGE SALE PRICE
$630,294
$905,158
$654,807
$786,301
$819,735
4%
TOTAL SFH SOLD
133
135
116
129
125
-3%
DISCOUNT RATIO
98%
95%
98%
100%
98%
SINGLE FAMILY HOMES | Q4
sothebyshomes.com/santabarbara
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
60
$1,000,000 $900,000
50
$800,000
SANTA YNEZ
$700,000
40
$600,000
The Santa Ynez Valley is home to many world-
30
$500,000
renown vineyards and wineries as well as
$400,000
recognized horse breeding ranches. Other local
$300,000
attractions include the majestic Los Padres
20
$200,000
10
$100,000
National Forest, Old Mission Santa Inez, golf
$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
$768,926
$665,730
$893,673
$848,461
$905,317
7%
AVERAGE SALE PRICE
$711,143
$631,481
$843,748
$804,237
$864,427
7%
TOTAL SFH SOLD
35
27
40
44
48
9%
DISCOUNT RATIO
92%
95%
94%
95%
95%
SINGLE FAMILY HOMES | Q4
FEATURED LISTINGS STUNNING MONTECITO CONTEMPORARY Montecito, CA
Web ID: 0632555 | $6,200,000 Walled and gated, this exquisite contemporary style home is located in the private Riven Rock community in the heart of Montecito.
Montecito Upper Village Road Brokerage Sandy Stahl | 805.689.1602
EXQUISITE MEDITERRANEAN ESTATE Santa Barbara, CA Web ID: 0593085 | $3,795,000 Designed and built as the premier property for the developer in 2005, this estate offers panoramic ocean/ mountain and island views in the gated community of La Romana Estates.
Santa Barbara Brokerage Paula Goodwin | 805.451.5699
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0138486 | $5,250,000 GREENWICH, CT | Web: 0068267 | $5,300,000 SAN FRANCISCO, CA | Web: 0088189 | $5,695,000 RESORT MARKETS MONTECITO, CA | Web: 0114072 | $5,500,000 HAMPTONS, NY | Web: 0046575 | $5,500,000 NAPA VALLEY, CA | Web: 0244257 | $5,699,000 FOREIGN MARKETS BELGIUM | Web: HCGGW9 | 4.950.000 € GREECE | Web: SN3KDB | Price Upon Request SWITZERLAND | Web: YMDRPZ | 5’200’000 CHF sothebysrealty.com
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